UNITED INTERDEPENDENT GLOBAL ACTIVISTS
The Way To Peace! #471
- An Earthwide Cross Media News Universe, Including Insights, New Horizons, News Purview's, and Global Activists,"-
- "An Earthwide Cross Media and Nationwide News" from "The Washington D.C.
Eye" on "Special Counsel John Luman "Jack" Smith's Lengthy Court Brief
Justifying His Superseding Indictment Against Former President Donald
John Trump on Charges that "The Former President Attempted" to "Subvert
the 2020 Election!"
-(Take Special Note that
"Headlines of The Fourth Estate," and "Breaking News Spotlights of The
Cross Media News Spheres Reported" on Thursday, The Twenty- Sixth of
September, 2024 that "Special Counsel Jack Smith Filed A Sealed Legal
Brief" in "Former President Trump's Federal Jan. 6 Case," that "Outlines
Legal Arguments for Criminally Prosecuting the 2024 Republican Nominee"
over "Efforts to Overturn the 2020 Election Results!")-
"The
Sealed Brief" has "Been Filed Under Seal with Judge Tanya Sue Chutkan,"
"A United States District Judge for the United States District Court
for the District of Columbia," and has "Been Confirmed by A Spokesperson
for Jack Smith's Office!"
-(Note that, Spokesperson Peter Carr said, "We have complied with the court order.")-
Tuesday,
The Twenty- Fourth of September, 2024 "Judge Chutkan Granted Special
Counsel's Request" to "File (The Larger than Usual) 165 Page Brief!"
-(Note that, "The Standard" or "Average Size Brief in 45 page Limit!")-
-(Take
Special Note that, "Special Counsel Smith" also "Filed A Proposed
Redacted Version of The Filing," that"Would Be Appropriate for Public
Release!"
And "The Brief Presents," Special Counsel
Smith's Argument" on "How the Supreme Courts Ruling of Presidential
Immunity Applies" to "Former President Trump's Federal Jan. 6 Criminal
Case!")-
"U.S. District Judge Chutkan Will Now Make
The Decision" on "Whether or Not to Publicly Release The Brief" that
"Contains Previously Unseen Evidence," or "A Redacted Version of It!"
And "It is Significant to State" that "Could Occur Before Election Day"
on "Tuesday, The Fifth of November, 2024!"
"The
Defense Attorney's of The Former President Wrote in A Motion" in
Opposition to The Special Counsel's Filing This Week, "The Court does
not need 180 pages of 'great assistance' from the Special Counsel's
Office to develop the record necessary to address President Trump's
Presidential immunity defense."
"No Man is Above
The Law" in The United States of America, and that "Should Apply to
Everyone," "Irregardless of Whether You are A Former President," "United
States Senator," or "Member of The United States House of
Representatives," or "Mayor of A Major City!"
-"An Earthwide Cross Media News Universe, Including Insights, New Horizons, News Purview's, and Global Perspectives,"-
And "An Earthwide Spectrum" of "Sociological," "Political," "Humanitarian," "Environmental," "Ecological," "Energy," "Informational," "Communication," "Philosophical," "Candid," "Straightforward," "Current," and "Contemporary," "Earthwide Affairs," and "Events," that "Coalesce," and "Merge" with "An Honest," "Omniscient," and "Omnipotent Spirit," and "Soul Force Of The People,"- Extra Noteworthy News- "Hurricane Milton,"-
"Wherever you are Living" or are "Visiting in The Southeast U.S.A.," and/or "Across The United States of America," or "Wherever A Natural Disaster May Be," "Stay Safe" and "In Security!"
And "If You are An Elected Official," "Scientist," "Environmentalist," "Climatologist," "Leader of The Sovereign Solar Community of United Nations," or "Of The Private," and "Public Sectors," or are "In Any Way Whatsoever Involved" with "Climate Warming Concerns," and "Issues," "Let Us All Agree" "One and All," that "The Time has Clearly Come" to "Escalate Your Efforts to Resolve The Causation of Climate Warming," and "Meet All the Goals of The Paris Agreement," (On The 12th of December, 2015) and "The UNFCCC (United Nations Framework Convention on Climate Change) Goals," to "Limit Global Temperature Increase to Well Below 2 Degrees Celsius above Pre- Industrial Levels," to "1.5 Degrees Celsius!"
And "Let Us One and All Agree," and "This Goes Especially Out" to "Rogue Sovereign Solar Nations," and "Militant Anti-Democratic Factions," and "Their Leaders," who "Continue to Pursue Their Warmongering Goals," that "War," and "Military Conflict," are "Not The Path to Take Towards Achieving Your Goals!" "War," and "Military Conflict," "Only Leads to More Death," and "Destruction" of "The Earth's Sociological Communities," and "All of The Earths Sphere's of Existence," and "Earth Itself!"
-Extra Noteworthy News-
"Headlines of The Fourth Estate," and "Breaking News Spotlights of The Earthwide Cross Media News Sphere's Reported" Sunday, The Thirteenth of October, 2024, "President Joseph R. Biden Jr. Announced," as "He Visited St. Petersburg," (Which was One of The Many Regions Across The State of Florida that was Seriously Damaged,) "$612 Million Dollars in Aid for Areas" that were "Affected by Hurricanes Milton," and "Helene!"
"Voices of Reason and Peacemakers
of The Twentieth and Twenty- First Millennia," and "Citizens of The
Diverse Multi- Cultural Sociological, Rainbow Communities," of "The
Tapestry," and "Fabric of The Sovereign Solar Communities of The United
Nations," "Yes, Everyone has A Choice," And "The Question," "Being Posed
to Prime Minister Netanyahu" is "Do You Cognitively," and "In Reality,"
"Believe" that "The Attack on Hezbollah Leaders," and "The Explosions
in Lebanon thru Pages," and "Cell Phones," that "Have Caused The Deaths
of More than Forty People," and "The Bombing Strikes" on Monday, The
Twenty- Third of September 2024, that "Killed at Least Five Hundred
People," and "All the Deaths of Innocent Lebanese People," since then," Who have "Been Killed in Air Strikes," "Will Sincerely Build A Secure Peace between The Sovereign
Solar Nation of Israel," and "The Republic of Lebanon," or "Actually
Lead The Way to A Secure," and "Universal Peace in The Middle East
Region Among All Warring Factions," and "Other Sovereign Solar Nations!"
And
"Can We But Not Agree" that, "Vengeance" and "Hatred," "Will Not Heal
The Deep Wounds" that "Have "Permeated The Hearts," "Minds," "Spirits,"
and "Souls," of "Too Many," and "For Too Long," and "Has Not Encouraged
Any Real Hope for Peace in The Middle East," and "Have Actually
Diminished The Opportunity for A Fair and Just Peace from Taking
Place!!"
And
"In Doing so, "Establish A New Era of Prosperity," and "Security," and
"With All The Assurances" that "Egalitarian Rights," and "Principles,"
"Will Be Held" and "Treasured" as "Sacred" and "Imperishable," "For One
and All!" "Isn't It Obvious" that "Too Many Innocent People" are "Dying
in Vain," and "Isn't It Time to Accept" and "Agree," that "A Negotiated
Change Must Come to Grace The Horizons of The Holy Land!"
-"Voices
of Reason and Peacemakers of The Twentieth and Twenty- First
Millennia," and "Citizens of The Diverse Multi- Cultural Sociological,
Rainbow Communities," of "The Tapestry," and "Fabric of The Sovereign
Solar Communities of The United Nations," "Yes, Everyone has A Choice,"
And "The Question," "Being Posed to Prime Minister Netanyahu" "Still
Remains the Same," on This, "The Anniversary" of "The Seventh of
Anniversary," "Can You Not only "Defend Israel," "But also Become A True
Peacemaker of The Holy Land," and "Together," with "Highly Respected,"
"Trustworthy," and "Honored Peacemakers of Palestine," "Lead The Way
Step by Step" to "A New Day" and "Age of Peace," and "Goodwill!"
And
In Doing so, "Create A Special Moment in The History of The Middle
East," and "Israel," and "Palestine," and "For The Earths Populace," to
"Truly Celebrate!"
-United Interdependent Global Activists- The Way To Peace! #470- "Voices of Reason and Peacemakers of The Twentieth and Twenty- First Millennia," and "Citizens of The Diverse Multi- Cultural Sociological, Rainbow Communities," of "The Tapestry," and "Fabric of The Sovereign Solar Communities of The United Nations,"
"Yes, Everyone has A Choice!" And "The Question" is; "Why Did The Militant Terrorist Group Hamas," "Decide to Attack The Sovereign Solar Nation of Israel on The Seventh of October 2023!"
"Was it Because They Seriously Believed" that "This Cowardly Sneak Attack Would Bring The State of Palestine Closer to Achieving A Two State Solution with Israel!" And "Heal the Deep Divisions," and "Hatred," that "Has Developed over The Many Decades Between Israel" and "Palestine!"
"Did They Take into Consideration" that "Their Misguided," and "Cowardly Sneak Attack" that "Caused The Deaths of More than Twelve Hundred Israeli's," and "Foreigners," "Would Result in Massive Destruction in Gaza," and "Deaths of More than Thirty Thousand Palestinians," at "Last Estimate!"
Or, "Did They Give The Palestinian People/Citizens," "A Choice," or "Voice," in "Deciding Whether or Not This Sneak Attack Upon Israel was A Good Idea," or "Would It, in Fact," "Cause Disastrous Consequences Upon The People of Palestine," that "Would Force Millions of Children," Women," and Men," to "Flee Their Homes," and "Exist in What Can only Be Described" as "Being A Humanitarian State of Crisis!"
Or, "Did They Actually Believe that Israel," or "Any Other Sovereign Solar Nation," as "A Matter of Fact," "Would Not Stop until The Guilty were Severely Punished" and "Penalized for Their Terrorist Actions!"
And "Did They Not Account" for "All of The Innocent Lives who Would Pay The Ultimate Price for These Terrorist Attacks" with "Their Lives!" And "Did They Give Their Own People A Choice!"
And "Did Hamas," and "Their Allies," and "Proxies," "Care that Their Acts of War," and "Terrorism," "Would Deter," or "Prevent," "The Negotiations" to "Normalize Relations in The Middle East," "Negotiations that Would Be of Benefit to The Youth," and "Present Generation of People All Throughout The Middle Eastern Region," who "Have Lived under The Threat of War," and "Violence," for "Decades," ("If Not for Millennium after Millennium!"), "Would Be Discouraged!"
"Hamas, Isn't It Time for You" to "Make A New Choice," and "Agree" to "President Biden's Ceasefire Proposal," and "End This War Against Israel!"
"It is Deeply Unfortunate" and "Disturbing" that "A Majority" of "The Party" of "Highly Respected" and "Admired," "Former United States of America President's "Abraham Lincoln," and "Theodore "Teddy" Roosevelt," and "Dwight D. Eisenhower," "President's who Believed in," and "Led The Nation in Defense of," and "In Respect of The Democratic Principles and Rights of The United States of America," have "Violated Their Oaths to Support Women's Rights!"
And, "The Question" that "Still Remains Unanswered" is, "How is It Possible" that "The Majority of Republicans Would Rather Support The Big Lie," and "Restrictions on Americans Right to Vote," and "The Lust of Power," than "Create and Support Legislation" that "Is In The Best Interests of The United States of America," and "The Constitutional Rights of Women in America!" And, "Just as Importantly Be A Beacon of Light and Truth" for "The Youth of The Nation!"
"All of Which Leads Up" to "The 2024 Presidential Election," "When Women All Across The United States of America," "Mothers," "Grandmothers," "Daughters," "Granddaughters," "Nieces," and "Cousins," "Will have An Opportunity to Express Their Opinion," and "Vote for," "Which Presidential," and "Vice Presidential Nominee," and "Down Ballot Candidate," "Political Issue," or "Amendment," and "Political Party," that "They Feel" has "Supported Their Rights to Choose," and "Rights to Exist" as "Cognitive," "Intelligent," "Soulful," "Loving," and "Empathetic Beings!"
And in General, "Whom They Trust to Support and Protect A Women's Right to Choose in The United States Senate," and "In The United States House of Representatives," "Each and Everyday of Their Lives!" And, of course, "Whom They Trust to Lead The Nation," and "Protect The Rights of All Americans," "The Diverse Multi-Cultural Sociological Rainbow Community, Tapestry, and Fabric of The Nation," "As President of The United States of America!"
- An Earthwide Cross Media News Universe, Including Insights, New Horizons, News Purview's, ad Global Perspectives,"
And "Earthwide Cross Media and Nationwide News" from "The Washington D.C. Eye" on "The New Jobs Report, on Friday, The Fourth of October, 2024," and Wednesday, The Eighteenth of September 2024, "The Federal Reserve (Fed) Cuts Interest Rates by Half A Point,"- And "The Advance Figure for Seasonally Adjusted Initial Unemployment Insurance Claims for The Week Ending The Third of October, 2024," has "Shown A Significant," and "Yet Logical Increase," that "Does Not Signify" that "There is A Wide-Ranged Softening Taking Place in The United States Labor Market,"- And "Vice President Harris' Economic Opportunity" and "Small Business Plan,"- And "The August 23, 2024 Federal Reserve Speech" by "Fed Chair Jerome Hayden "Jay" Powell,"-
And "Layoffs Continue to Remain" at "Economically Consistent," "Sound," and "Historically Low Levels," And "With The Escalation," and "Availability," of "New Infrastructure Projects All Across The United States of America," and "The Exceptional Leadership of The Biden/Harris Administration," and "The Members of The Democratic Party," "New Opportunities" are "Guaranteed to Create Additional Employment Opportunities," However, "You Don't have to Be Streetwise to Comprehend" that "In This Post Covid Phase of Our Lives," "Jobless Claims Will Vary Back and Forth," "But, Always within Reason," and "These are Still Favorable Indications of The Continuing Recovery of The United States Economy,"-
And "With The Financial" and "Business Headlines of The Fourth Estate," and "Breaking News Spotlights of The Earthwide Cross Media News Sphere's Reporting" on "The Recent Jobs Report Released by The Bureau of Labor Statistic Economic News Release" on "Friday, The Fourth of October, 2024," that "Unemployment Declined from 4.2% to 4.1% in the Month of September, 2024,"
And also that "Nonfarm Payroll Employment Increased" by "A Significant Number of 254, 000 New Jobs in The Month of September, 2024," (Above The Estimates of 140, 000 New Jobs" that "Economists had Forecast), and that "The United States Economy" has "Grown at A Three Percent Clip/Rate over Last Year," "Let Us Agree" that "The United States Economic Recovery Can Not Be Deterred," and "Continues to Be On A Reasonably Strong Economic Plateau of Recovery," and that "The Biden/Harris Administration" and "The Democratic Party," are "Still Providing The Good Governance" and "Vision," that Includes, "Well Thought Out," "Conscientiously Aware," "Intelligent," "Cognitive," and "Positive-Minded Legislation," and "Infrastructure Projects Nationwide," and "Programs," and "Policies," and "Investment in The United States of America," Upon Which to "Build The Economic Pillars and Cornerstones," of "An Economic Renaissance," and "Future," that "America Can Rely Upon," and "For The Youth of The Nation to Advance," and "Feel Secure in," "As They Attempt to Achieve Their Academic," "Creative," and "Financial Goals," and "Dreams," and "Visions," in "The Twenty- First Century!"
And also that, "Today's Consumers Can Look Forward Towards," and "Begin to Trust in," and "Believe in," and "See A Positive Change in Their Daily Affairs," and "Spending," and "In Their Bank Accounts!" And "For Their Families Sociological Security!"
In A Post on X, President Biden said, "Great News for American workers, and families. Today, we learned our economy gained over 250, 000 new jobs in September and unemployment is back down at 4.1%. With today's report, we created 16 million jobs, unemployment remains low, and wages are growing faster than prices."-
-(Note that, "Employment has Increased/Trended Up" in: (I) "Food Services, and Drinking Places," (II) "Healthcare," (III) "Government," (IV) "Social Assistance" and, (V) "Construction!")-
And "Headlines of The Fourth Estate," and "Breaking News Spotlights of The Earthwide Cross Media News Sphere's have Reported" on Wednesday, The Eighteenth of September 2024, "The Fed Announced A Half Point Cut in Interest Rates," "For The First Time since March 2020," after "1,648 Days have Gone by!"
"This Will Bring The Rates Down to 4.75% to 5%, from The 5.25% to 5.5% Range, "Which was The Highest Rates have Been since 2001!" And "This Surprising" and "Aggressive Cut," (since the Covid Pandemic) is "A Welcomed One!" "Most Economic Pundits were Expecting Cut Half that Size, (A Quarter Point)!" And "The Dow Jones Industrial Average (Dow) Received This News with Another Significant Surge of More than Three Hundred Points Before Leveling Off at Two Hundred and One Points," or 0.5%," And "The S&P 500 Added 0.7%," And "Nasdaq Composite Rose 1.1%," and "In A Powerful Display of Approval" of "The Fed Reserve Lowered Interest Rates," "The Dow" and "The Market," "Hit An All Time High!" And "More Fed Cuts are To Be Expected!" -
And "The Speech" by "Federal Reserve Chair Jerome Hayden "Jay" Powell," on Friday, The Twenty- Third of August 2024, "As Reported" by "Headlines of The Fourth Estate," and "Breaking News Spotlights of The Earthwide Cross Media News Sphere's Stated Clearly" and "Succinctly," that "The Fed Appears to Be Ready to Make" "A Policy Adjustment," on "The Reduction of Interest Rates!" To Which, "The Markets have Rallied Significantly!"
And "Here is A Breakdown on The Very Pertinent Data that "Fed Chair Powell said," in His Speech, "At “Reassessing the Effectiveness and Transmission of Monetary Policy,” an economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming!"
Four and a half years after COVID-19's arrival, the worst of the pandemic-related economic distortions are fading. Inflation has declined significantly. The labor market is no longer overheated, and conditions are now less tight than those that prevailed before the pandemic. Supply constraints have normalized. And the balance of the risks to our two mandates has changed. Our objective has been to restore price stability while maintaining a strong labor market, avoiding the sharp increases in unemployment that characterized earlier disinflationary episodes when inflation expectations were less well anchored. While the task is not complete, we have made a good deal of progress toward that outcome.
Today, I will begin by addressing the current economic situation and the path ahead for monetary policy. I will then turn to a discussion of economic events since the pandemic arrived, exploring why inflation rose to levels not seen in a generation, and why it has fallen so much while unemployment has remained low.
Fed Chair Powell said," in Regards to "Near-Term Outlook for Policy"-
Let's begin with the current situation and the near-term outlook for policy.
For much of the past three years, inflation ran well above our 2 percent goal, and labor market conditions were extremely tight. The Federal Open Market Committee's (FOMC) primary focus has been on bringing down inflation, and appropriately so. Prior to this episode, most Americans alive today had not experienced the pain of high inflation for a sustained period. Inflation brought substantial hardship, especially for those least able to meet the higher costs of essentials like food, housing, and transportation. High inflation triggered stress and a sense of unfairness that linger today.
Our restrictive monetary policy helped restore balance between aggregate supply and demand, easing inflationary pressures and ensuring that inflation expectations remained well anchored. Inflation is now much closer to our objective, with prices having risen 2.5 percent over the past 12 months. After a pause earlier this year, progress toward our 2 percent objective has resumed. My confidence has grown that inflation is on a sustainable path back to 2 percent.
Turning to employment, in the years just prior to the pandemic, we saw the significant benefits to society that can come from a long period of strong labor market conditions: low unemployment, high participation, historically low racial employment gaps, and, with inflation low and stable, healthy real wage gains that were increasingly concentrated among those with lower incomes.3
Today, the labor market has cooled considerably from its formerly overheated state. The unemployment rate began to rise over a year ago and is now at 4.3 percent—still low by historical standards, but almost a full percentage point above its level in early 2023. Most of that increase has come over the past six months. So far, rising unemployment has not been the result of elevated layoffs, as is typically the case in an economic downturn. Rather, the increase mainly reflects a substantial increase in the supply of workers and a slowdown from the previously frantic pace of hiring.
Even so, the cooling in labor market conditions is unmistakable. Job gains remain solid but have slowed this year. Job vacancies have fallen, and the ratio of vacancies to unemployment has returned to its pre-pandemic range. The hiring and quits rates are now below the levels that prevailed in 2018 and 2019. Nominal wage gains have moderated. All told, labor market conditions are now less tight than just before the pandemic in 2019—a year when inflation ran below 2 percent. It seems unlikely that the labor market will be a source of elevated inflationary pressures anytime soon. .... And "The Fed Chair Continued" to say, "We do not seek or welcome further cooling in labor market conditions.
Overall, the economy continues to grow at a solid pace. But the inflation and labor market data show an evolving situation. The upside risks to inflation have diminished. And the downside risks to employment have increased. As we highlighted in our last FOMC statement, we are attentive to the risks to both sides of our dual mandate.
The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.
We will do everything we can to support a strong labor market as we make further progress toward price stability. With an appropriate dialing back of policy restraint, there is good reason to think that the economy will get back to 2 percent inflation while maintaining a strong labor market. The current level of our policy rate gives us ample room to respond to any risks we may face, including the risk of unwelcome further weakening in labor market conditions.
The Rise and Fall of Inflation
Let's now turn to the questions of why inflation rose, and why it has fallen so significantly even as unemployment has remained low. There is a growing body of research on these questions, and this is a good time for this discussion. It is, of course, too soon to make definitive assessments. This period will be analyzed and debated long after we are gone.
The arrival of the COVID-19 pandemic led quickly to shutdowns in economies around the world. It was a time of radical uncertainty and severe downside risks. As so often happens in times of crisis, Americans adapted and innovated. Governments responded with extraordinary force, especially in the U.S. Congress unanimously passed the CARES Act. At the Fed, we used our powers to an unprecedented extent to stabilize the financial system and help stave off an economic depression.
After a historically deep but brief recession, in mid-2020 the economy began to grow again. As the risks of a severe, extended downturn receded, and as the economy reopened, we faced the risk of replaying the painfully slow recovery that followed the Global Financial Crisis.
"The Fed Chair also said," In Regards to The United States Congress, "Congress delivered substantial additional fiscal support in late 2020 and again in early 2021. Spending recovered strongly in the first half of 2021. The ongoing pandemic shaped the pattern of the recovery. Lingering concerns over COVID weighed on spending on in-person services. But pent-up demand, stimulative policies, pandemic changes in work and leisure practices, and the additional savings associated with constrained services spending all contributed to a historic surge in consumer spending on goods.
The pandemic also wreaked havoc on supply conditions. Eight million people left the workforce at its onset, and the size of the labor force was still 4 million below its pre-pandemic level in early 2021. The labor force would not return to its pre-pandemic trend until mid-2023.
Supply chains were snarled by a combination of lost workers, disrupted international trade linkages, and tectonic shifts in the composition and level of demand. Clearly, this was nothing like the slow recovery after the Global Financial Crisis.
Enter inflation. After running below target through 2020, inflation spiked in March and April 2021. The initial burst of inflation was concentrated rather than broad based, with extremely large price increases for goods in short supply, such as motor vehicles. My colleagues and I judged at the outset that these pandemic-related factors would not be persistent and, thus, that the sudden rise in inflation was likely to pass through fairly quickly without the need for a monetary policy response—in short, that the inflation would be transitory. Standard thinking has long been that, as long as inflation expectations remain well anchored, it can be appropriate for central banks to look through a temporary rise in inflation.
The good ship Transitory was a crowded one, with most mainstream analysts and advanced-economy central bankers on board. The common expectation was that supply conditions would improve reasonably quickly, that the rapid recovery in demand would run its course, and that demand would rotate back from goods to services, bringing inflation down.
For a time, the data were consistent with the transitory hypothesis. Monthly readings for core inflation declined every month from April to September 2021, although progress came slower than expected. The case began to weaken around midyear, as was reflected in our communications. Beginning in October, the data turned hard against the transitory hypothesis. Inflation rose and broadened out from goods into services. It became clear that the high inflation was not transitory, and that it would require a strong policy response if inflation expectations were to remain well anchored. We recognized that and pivoted beginning in November. Financial conditions began to tighten. After phasing out our asset purchases, we lifted off in March 2022.
By early 2022, headline inflation exceeded 6 percent, with core inflation above 5 percent. New supply shocks appeared. Russia's invasion of Ukraine led to a sharp increase in energy and commodity prices. The improvements in supply conditions and rotation in demand from goods to services were taking much longer than expected, in part due to further COVID waves in the U.S. And COVID continued to disrupt production globally, including through new and extended lockdowns in China.
High rates of inflation were a global phenomenon, reflecting common experiences: rapid increases in the demand for goods, strained supply chains, tight labor markets, and sharp hikes in commodity prices.
The global nature of inflation was unlike any period since the 1970s. Back then, high inflation became entrenched—an outcome we were utterly committed to avoiding.
By mid-2022, the labor market was extremely tight, with employment increasing by over 6-1/2 million from the middle of 2021. This increase in labor demand was met, in part, by workers rejoining the labor force as health concerns began to fade. But labor supply remained constrained, and, in the summer of 2022, labor force participation remained well below pre-pandemic levels. There were nearly twice as many job openings as unemployed persons from March 2022 through the end of the year, signaling a severe labor shortage. Inflation peaked at 7.1 percent in June 2022.
At this podium two years ago, I discussed the possibility that addressing inflation could bring some pain in the form of higher unemployment and slower growth. Some argued that getting inflation under control would require a recession and a lengthy period of high unemployment. I expressed our unconditional commitment to fully restoring price stability and to keeping at it until the job is done.
"Fed Chair Powell also said," In Regards to, The FOMC's Efforts, "The FOMC did not flinch from carrying out our responsibilities, and our actions forcefully demonstrated our commitment to restoring price stability. We raised our policy rate by 425 basis points in 2022 and another 100 basis points in 2023. We have held our policy rate at its current restrictive level since July 2023.
The summer of 2022 proved to be the peak of inflation. The 4-1/2 percentage point decline in inflation from its peak two years ago has occurred in a context of low unemployment—a welcome and historically unusual result.
How did inflation fall without a sharp rise in unemployment above its estimated natural rate?
Pandemic-related distortions to supply and demand, as well as severe shocks to energy and commodity markets, were important drivers of high inflation, and their reversal has been a key part of the story of its decline. The unwinding of these factors took much longer than expected but ultimately played a large role in the subsequent disinflation. Our restrictive monetary policy contributed to a moderation in aggregate demand, which combined with improvements in aggregate supply to reduce inflationary pressures while allowing growth to continue at a healthy pace. As labor demand also moderated, the historically high level of vacancies relative to unemployment has normalized primarily through a decline in vacancies, without sizable and disruptive layoffs, bringing the labor market to a state where it is no longer a source of inflationary pressures.
A word on the critical importance of inflation expectations. Standard economic models have long reflected the view that inflation will return to its objective when product and labor markets are balanced—without the need for economic slack—so long as inflation expectations are anchored at our objective. That's what the models said, but the stability of longer-run inflation expectations since the 2000s had not been tested by a persistent burst of high inflation. It was far from assured that the inflation anchor would hold. Concerns over de-anchoring contributed to the view that disinflation would require slack in the economy and specifically in the labor market. An important takeaway from recent experience is that anchored inflation expectations, reinforced by vigorous central bank actions, can facilitate disinflation without the need for slack.
This narrative attributes much of the increase in inflation to an extraordinary collision between overheated and temporarily distorted demand and constrained supply. While researchers differ in their approaches and, to some extent, in their conclusions, a consensus seems to be emerging, which I see as attributing most of the rise in inflation to this collision.
All told, the healing from pandemic distortions, our efforts to moderate aggregate demand, and the anchoring of expectations have worked together to put inflation on what increasingly appears to be a sustainable path to our 2 percent objective.
Disinflation while preserving labor market strength is only possible with anchored inflation expectations, which reflect the public's confidence that the central bank will bring about 2 percent inflation over time. That confidence has been built over decades and reinforced by our actions.
That is my assessment of events. Your mileage may vary.
And "In Conclusion," Fed Chair Powell said,
"Let me wrap up by emphasizing that the pandemic economy has proved to be unlike any other, and that there remains much to be learned from this extraordinary period. Our Statement on Longer-Run Goals and Monetary Policy Strategy emphasizes our commitment to reviewing our principles and making appropriate adjustments through a thorough public review every five years. As we begin this process later this year, we will be open to criticism and new ideas, while preserving the strengths of our framework. The limits of our knowledge—so clearly evident during the pandemic—demand humility and a questioning spirit focused on learning lessons from the past and applying them flexibly to our current challenges."
And "As "The Fed Continues to Observe" and "Make Their Decisions on The U.S. Economic Recovery," and "As New Data Continues to Present Itself," "Let Us Look Forward to The Fed Reaching Its Goal," to "Bring Inflation Back Down to Two Percent,"-
And "With The Headlines of The Fourth Estate," and "The Breaking News Spotlights of The Earthwide Cross Media News Sphere's Reporting" on Wednesday, The Eleventh of September, 2024, that "According to The U.S. Labor Department Statistics Economic News Release," that "The Annual Inflation Rate for The United States was 2.5% for The Twelve Months Ending in August, 2024!"
-(And Take Note" that, "This Inflation Rate Remains Among The Lowest that It's Been since 2023," "When The Average Inflation Rate was 4.1%,")-
And "When You Include," "The Lowering of Out-of- Pocket Drug Costs for Seniors," and "The Fulfillment of The Promise to Reduce Prescription of Drug Prices for All Americans is Beginning to Become A Reality," as "Reported on" in "The Headlines of The Fourth Estate," and "Breaking News Spotlights of The Earthwide Cross Media News Sphere's" in "An Official Press Conference" on Thursday, The Fifteenth of August, 2024, and "As Announced In Their First Official Press Conference Together" (since President Biden Announced His Withdrawal from the 2024 Presidential Campaign) and that "President Biden," and "Vice President Harris Announced Proudly to An Enthusiastic Campaign Gathering" about "The New Lower Drug Prices for The First Ten Drugs Selected for Medicare Price Negotiation to Lower Costs for Millions of Americans," and "Thanks to "The Inflation Reduction Act," "Which was Signed into Law by President Biden," on "The Sixteenth of August 2022," and "With Vice President Harris Casting The Tie- Breaking Vote in The United States Senate on The Seventh of August of 2022," is "Another in The Impressive Legislative," and "Sociological Accomplishments Achieved" by The Biden/Harris Administration," and "The Democratic Party" that "Is of Great Benefit to The American People," and of Which Will also "Have A Positive Affect on The U.S. Economy!" ("This Bill was Passed in The United States House of Representative on The Twelfth of August, 2024"), with "No Members of The Republican Party" in "Either The U.S. House of Representatives," or "The U.S. Senate," "Voting for It!").
-(Note that, "Vice President Harris" has also "Broken The Record for Casting The Most Tie- Breaking Votes with 32," "Breaking The Record of 31" by "United States Vice President John C. Calhoun from 1825 to 1832!")-
However, "The Markets," and "The Economic Pundits," "Must One and All Do Their Part" in "Rebuilding An Earthwide Economic Stability," "Trust," and "Recovery," that "The Earths More than Eight Billion Populace" of "The Sovereign Solar Community of United Nations," "Can Find True Value in,"-
But, "Let Us Agree," that "There is Another Constant Reminder," that "Remains of Strong Concern to The Public Consumers," and that is "Prices in General," ("Especially Food Prices,") Must Go Down," and "Big Business in America," ("In The Spirit of Providing Fair," "Responsible," and "Good Prices," and "Quality Service," "For The American Consumer" who "Have Weathered Difficult Economic," and "Financial Storms," "During The CoronaVirus Pandemic,") "Must Lower Their Prices in Alignment with the Low Annual Inflation Rates," and In Doing so, "Provide Financial Relief for Families All Across The Nation," who are "The Heart," "Mind," "Spirit," "Body," and "Soul," of "The Economic Growth" and "Recovery," of "The American Economy!"
And "Let Us also Wholeheartedly Agree," that "Big Business Must Do Their Part in Empowering," and "Investing in The Nation," as "The United States of America Continue to Recover from The Financial Challenges that It has Faced," and that "Continues to Lie in Its Path of Economic Recovery!" For, "There is Enough Profit for Everyone to Share without Gouging The Prices," and "This Will Be A Significant Statement to Make" for "A Great Sovereign Solar Democratic Nation" with "A Capitalistic Economy,"-
However, "You Don't have to Be Streetwise" or "A Financial Pundit," to "Comprehend" that "At Present" to "A Highly Significant Degree," "The U.S. Economy" is "Still in A Positive Mode of Recovery," in "This Post CoronaVirus Pandemic Time Period!" But, "The American Consumer Must Be Convinced of This in The Stores," and "At The Gas Pump,"-
And "Let Us Agree" that "Although Most (Not All) Economic Indicators," "Support The Facts that The Recovery of The U.S. Economy Continues to Be Resilient," and "Persistent," and "Determined to Evolve," on "A Positive Basis," and that "The Biden/Harris Administration," and "The Democratic Party," have "Good Reason to Be Proud of Their Economic Achievements," But, "They Should Remain Fully Engaged in Maintaining A Close Overview of The U.S. Economy" as "This Summer Season of 2024 Comes to An End,"-
And "Let Us Agree," that Irregardless of "The Dow Jones Industrial Average Performance," and "The Fed's Decision to Reduce the Target Range for the Federal Funds Rate to 4.75 to 5 percent," "Let Us Agree" that "As A New Era of Twenty- First Century Economic" and "Financial Enterprises," and "Entrepreneurialism," "Challenge Us," and "Motivate Us to Do Better," and "Improve The Quality of Life for The Diverse Multi-Cultural Sociological, Rainbow Community, Tapestry, and Fabric of America," of "All The People," that "From An Overall Purview," and "Streetwise Economic Perspective," and "As The Changes in The U.S. Economy," "Whether They Be Pertaining" to "Decreases," and/or "Increases," in "The U.S. Unemployment Rate," or "The Annual Inflation Rate," that "Fortunately for America," "The Biden/Harris Administration," and "The Democratic Party Energy Vision," and "The Rising Number of Infrastructure Improvements in America," and "The Lowering of Prices" that "American's are Paying for Prescription Drugs," "Altogether," are "A Positive Boon for The U.S. Economy," and "In Spite of Republican Party Attempts to Impede Progress," and "Derail Any Positive Legislation to Improve The Lifestyles of The American People!"
And "Yes, Fortunately for America," "The Biden/Harris" and "The Democratic Party's Energy," "Healthcare," and "Economic Vision" is "Bringing Forth New Incentives for The Sociological Security," and "Evolution of America!"
And "The Administrations Discharge," "Forgiveness," and "Cancellation," of "Student Debt" has "Empowered The Youth of The Nation," and "Unburdened Them," and "Provided Them," with "A Sense of Freedom to Pursue Their Goals in Life," and "Encouraged Them to Achieve A Higher Education!"
And "The Biden/Harris Administration Continues to Take Positive Steps Forward Towards Building A Future of "Innovative Resolve," and "Productive Solutions," and are "On Pace Towards Achieving The United States Climate Warming Goals as well,"-
So, "The Question" of, "What is The Significance of These New Statistics," "The Answer" is, "You Can Continue to Expect" that "From Within This Post CoronaVirus Phase of Our Lives," that "Unemployment Insurance Claims," "Will Continue to Experience A Margin of Change," and "Variation," that "Is Understandable," and "For The Most Part Acceptable," "Unless" There is "A Serious Economic Dilemma," or "Financial Conundrum," of "Some Sort," "Caused by A Global Pandemic," or "Another Outbreak of War," or "A Serious Banking Failure," and/or "Earthwide Conditions," "Coupled with Issues," and "Profound Circumstances," and "Aggravations" that "Have Been Exacerbated by Government Obstructionism Tactics,"and/or "Politician's," and "Anti- American Factions," who "Profit from Causing Chaos," and "Divisiveness!"-
"The Financial" and "Business Headlines of The Fourth Estate," and "Breaking News Spotlights of The Earthwide Cross Media News Spheres have Reported" on Thursday, The Tenth of October 2024, "The Bureau of Labor Announced," "In The Week Ending The Third of October, 2024," that "The Advanced Figure for Seasonally Adjusted Initial Claims was 258, 000," "Resulting in A Significant Increase of 33, 000" from "The Previous Weeks Revised Up Level of 225, 000!"
- (Note that, "This was The Highest Level for Initial Claims since The Fifth of August, 2023," "When It was 258, 000!" And "This is Much More than The 229, 000 New Filings" that "Economic Analysts had Expected!"
"Analysts have Claimed" that "The Cause of This Increase in Claims" is "A Result of Hurricane Helene," "Where Jobless Benefit Applications Showed Significant Jumps," in "The States" of "Florida," "Georgia," "North Carolina," "South Carolina," and "Tennessee," as well as "In and Across Other States Affected by The Hurricane!" And also "Caused by The Boeing Machinist Strike!"
However, "It Does Not Signify" that "There has Been A Wide Ranged Softening Taking Place in The United States Labor Market!")-
However, Once again, "Let Us Agree," that "It is of Great Significance to Note" that, "Irregardless of The Swings Back and Forth," (and "Market Fluctuations,") to "Whatever Degree They May Be," "You Don't have to Be Streetwise to Comprehend," that "In This Post Covid Phase of Our Lives," "Jobless Claims Will Indeed Vary," But, "Always within A Margin of Reason," and "Logic!" And "Each Year, When Hurricane Season Hits The United States" is "One of The Most Prevalent Time Periods for Increased Levels of Unemployment!"
"Fortunately Layoffs are Continuing to Remain" at "Economically Consistent," "Sound," and "Historically Low Levels," and are "Still Among the Lowest Levels that They have Been" since "The Twenty- Fourth of September 2022!"
And "Let Us Agree" that, "With The Availability," of "New Infrastructure Projects All Across The United States of America," that "New Opportunities" are "Guaranteed to Create Additional Employment," and "These are Favorable Indications" of "The Continuing Recovery of The United States Economy!"
And "The Four Week Moving Average was 231, 000," and "A Significant Increase of 6, 750" from "The Previous Weeks Revised Up Average of 224, 250!"
- "Earthwide Cross Media News Universe, Including Insights, New Horizons, News Purview's, and Global Perspectives,"-
And "A New Earthwide Journalistic," "Sociological," "Informational," "Non- Political," "Environmental," "Ecological," "Philosophical," "Candid," "Humanitarian," "Age of Communication," of "Honest," "Straightforward," "Factual" and "Truthful News Coverage," that "Coalesces" and "Merges" with "An Omniscient," and "Omnipotent Spirit," and "Soul Force Of The People,"-
"Headlines of The Fourth Estate," and "Breaking News Spotlights of The Cross Media News Sphere's Reported" on Thursday, The Third of October, 2025 that "The Port Strike" by "The International Longshoremen's Association (ILA)" with "The U.S. Maritime Alliance (USMX)" has "Reached A Tentative Agreement on A New Contract," with "An Increase of 61.5% in Wages over Six Years!" And "The Issue of Automation" has "Been Solved!"
And "They have also Agreed" to "Extend Their Present Contract through Fifteenth of January, 2025," to "Provide The Additional Time Needed" to "Negotiate "All Other Outstanding Issues!"
It is Important to State that "Biden/Harris Administration Acting Secretary of Labor Julie A. Su," Who was "A Liaison," "Working with The Union," and "The Port Ownership Group," was "Helpful to Both Groups Efforts" to "Reach An Agreement!"
"An Agreement" that "Both Sides Can Be Satisfied with" and "Continue to Ameliorate The Lifestyles," and "Living Conditions of American Citizens," and "Increase The Overall Economic Recovery of The United States!" and also "Cause A Positive Impact," ("Direct or Indirect,") Upon "The Lives of Everyone in America!")-
"These Negotiations are An Example" of "Two Opposing Sides Overcoming Their Differences" to "Find Agreement on Financial," "Job Security," and "Operational Issues," in "A Direct," "Calm," "Cognitive," "Intelligent," "Practical," "Rational" and "Trustworthy Manner," "Conducting," and "Engaging Themselves in The Issues" that "Did Not Just Prioritize Monetary Profit," and "Benefits," But that also "Prioritized The Welfare," and "Well Being" of "The "Soul and Spirit of The Lives of All The People," and "In Support of The Ideals," and "Principles," that "America was Founded Upon," and "How These Ideals, and "Principles," have "Empowered The Nation," and "It's Public," and "Private Sectors," to "Become Essential Parts," of "Great Moral Significance," of "What A Grand Ole Republic," "Democracy," and "Government Of The People, By The People, and For The People," "Can Be!"
And "The Grand Significance" that "Ego was Not A Part of These Negotiations Must Be Stated," "Because Hubris Can Be A Gross Impediment" to "A Just and Fair Agreement" that "All Parties Can Find Satisfaction in" and that "Is Equitable To One and All," with "A Sense of Objectivity," and "Purposeful Honesty For One and All to See," and "All The While Displaying An Admirable Trait of Personal Integrity," that "Believes in" and "Cares For The Welfare of One and All," and "The Manifestation," and "Embodiment of A Unified Act," "Vision," and "Idea," that "Can Be Admired," and that "Transcends Deception," "Greed," "Lust of Power," "Selfishness!,"and "Ethical Injustice!"
-(However, Once again, Take Note that, "The Increases," and "Decreases in Unemployment," Whenever They Occur, "Will Be Deemed Reasonable," and "Logical," by "Market Specialists," "Economic Pundits," "Streetwise Economists," and "Reasonably Minded Financial Experts," Although, "The Biden/Harris" and "The Market May React with A Growing Concern," If Strikes," "Natural Disasters" and "The Escalation of Wars" between "Anti- Democratic Factions," and "Sovereign Rogue Nations," "Continue Their Hostilities Against The United Sovereign Solar Nations of The Earths Communities!")-
"But For The Moment," "The Economic Recovery in The United States of America," is "Still On Course Towards Improving The Overall Financial Conditions," and "Lifestyles of The American People!"
-(Note that, "This Overall Economic Streetwise Assessment Can Change," "Especially if The Legislative Chaos of The Republican Party in The U.S. House of Representative," and "The Obstructionist Attempts by Far Right Republicans in The U.S. Senate," are "Not Satisfactorily Resolved in The Very Near Future," to "The Degree that The American People," (and "The Federal," "State," "City," and "Local Governments,") are "Not Caused a Major Setback in Their Lifestyles," and "In The Governance of The Nation," and "The Markets Don't Panic!"
And "Lets Agree from A Responsible," and "Mature Point of View" that, "The Legislative Chaos of The Republican Party in The U.S. House of Representative," and "The Obstructionist Tactics" of "The Far-Right Republicans in The U.S. Senate," "Must End!"
And Once Again, "The Threat of House Republicans to Shutdown The Government Of The People, By The People, and For The People," are "Not Serving The American People" with "Good Governance!"
And "All The Members of The GOP Must Remember" that "They were Elected to Serve," and "Represent The American People!" And that "Comes First!")-
And "It is of The Greatest Importance to Note" that "The U.S. Economy has Continued to Improve During A Time Period of High Interest Rates," and "This is A Cognitive Economic Overview to Make," as "The 2024 Summer Season Comes to An End," and "Autumn's Economic Facts," "Prognostications," and "Forecasts," "Enter into The Foray of New Economic Perspectives," of "What The U.S. Economic Recovery Will End Up Being," and "As New Economic Estimates are Put Forth!"
And "Let Us Remember" that "The Hard Work of The Economic Recovery," "Set in Motion by The Biden/Harris Administration," "Who have Continued to Make Economic Policies" that "Empower All The People," and "Creates A Sociological Sense of Security For All The People," and "Prepares Us" for "The Economic," "Growth," "Development," "Industrial," "Earthwide," and "Political Challenges that Lie Ahead of Us" in "This, The Second Decade of 2024," "Must Not Be Overlooked!"
And "This is Be A Positive Note," and "Purview of Interest to Surmise" in "This Year of Elections," "When We Will have An Opportunity to Vote in Support of The Democratic Principles," and "The Rights of One and All to Live in A Democracy," and "Enjoy All The Freedoms," "Values," and "Traditions," of "Citizens Living in A Sovereign Solar Democratic Nation!"
- An Earthwide Cross Media News Universe, Including Insights, New Horizons, News Purview's, and Global Perspectives,"-
And "A New Earthwide Journalistic," "Sociological," "Informational," "Non- Political," "Environmental," "Ecological," "Philosophical," "Candid," "Humanitarian," "Age of Communication," of "Honest," "Straightforward," "Factual" and "Truthful News Coverage," that "Coalesces" and "Merges" with "An Omniscient," and "Omnipotent Spirit," and "Soul Force Of The People,"- Extra Noteworthy News- "Kamala Devi Harris," "The Opportunity Economy," and "Small Business Plan," are "Good for The Continued Economic Recovery" of "The United States of America,"
"The Politics of Good" and/or "Bad Governance," "Can Result in" or "Be A Deciding Factor" of "Whether America's Economic," and "Financial Recovery," "Can Provide The Infrastructure Investment," "Energy," "Environmental," and "Economic Policies," and "Programs," that "Will Enable The Nation" to "Provide Economic" and "Financial Security," for "The American People," and "Support America's Democratic Principles," While also "Providing Foreign Aid for Humanitarian Crisis Earthwide," and "In Defense of Its Allies" as "They Fight Against Anti- Democratic Factions," who "Have Violated Their Territorial" and "Egalitarian Rights of Their Citizens!"
"The Political," and "Pragmatic Economic Vision," and "Policies on Good Governance," has "Been Exemplified" in "Vice President Kamala Devi Harris," and "Her Opportunity Economy," that "The 2024 Democratic Presidential Nominee Presented Passionately," and Eloquently" at "The Economic Club in Pittsburgh, Pennsylvania, on Wednesday, The Twenty-Fifth of September, 2024," "Outlined Her Vision for America," Including "Her Small Business Plan," and "Tax Cut Proposal for Small Businesses," and "The Middle Class," and "Lowering Costs for All Americans," and "A Tax Credit to Companies" that "Increase Good Union Jobs," are "A Powerful Example of Good Governance," and "A Vision in Economic Growth," and "Finance in Government," that "Benefits One and All," and "Motivates," and "Supports Entrepreneurialism," and "Provides for The Building of Three Million New Homes in America," and also "For A Future of Opportunistic Possibilities," for "The Youth of America!"
And "Her Small Business Plan Would; (I) "Expand The Small Business Tax Credit" from "$Five Thousand Dollars" to "$Fifty Thousand Dollars," (Note that, "This Would Be of Great Assistance for Start Ups" to "Cover The Average Cost of $Forty Thousand Dollars to Launch A New Enterprise,") and, (II) "Vice President Harris" has "Set A Goal for The First Term of Her Administration" to "Receive Twenty- Five Million New Small Business Applications" ("An Increase of Six Million" above "The Record Nineteen Million" that were "Filed under The Biden/Harris Administration") and, (III) "Vice President Harris has Proposed A Capital Gains Tax of 28%" for "Those Making over $One Million Dollars!" "The Current Rate is 23.8%!"
And In Addition, "Headlines of The Fourth Estate," and "Breaking News Spotlights of The Earthwide Cross Media News Sphere's have Reported" on Wednesday, The Fourth of September, that "Vice President Harris said" at "A Campaign Event," Just Outside of Portsmouth, New Hampshire, "As President, one of my highest priorities will be to strengthen America's small businesses," .... And "So, first we're gonna help more small businesses and innovators get off the ground," .... "And "The Vice President also said," that "She Intends" to Cut the "red tape that can make starting and growing a small business more difficult than it needs to be." .... And Just as Importantly, "Vice President Harris said" that "when the government encourages investment, it leads to broad based economic growth and it creates jobs which make our economy stronger."
"It is of Great Significance to Emphasize," "What The Overall Importance Small Businesses are to The United States of America," and to "The Nations Continued Economic Recovery!"
For One; "There are 33, 185, 550 Small Businesses in The United States!" And (II) "They Employ 61.7 Million Americans!" And that Computes to "A Total of 46.4% of"Private Sector Employees!" "Which is Significant!"
And from "1995 to 2021 Small Businesses have Created 17.3 Million Net New Jobs!" And "Accounting for 62.7% of Net Jobs Created since 1995," "Which is also Significant!"
And "These Statistics are Indisputable Logic," "Understanding," and "Economic Perspective," that "Vice President Harris is Focused on," and "Has Included in Her Reasoning," and "Economic Vision For America!" And "This is An Excellent Example of Providing Good Governance For Diverse Multi- Cultural Sociological, Rainbow Community, Tapestry, and Fabric of The United States of America!"
-(And On A Separate," but "Important Streetwise Consideration," is Take Special Note that "The Plan to Raise Tariffs on The Sovereign Solar Nation" of "The Peoples Republic of China," "Should Be A Reality Check for The PRC to Re-examine Their Policies," "Practices," and "Act's," and "In General, "What Their Concept of TCB Actually is!")-
"Good Governance is A Right that Every American Citizen Deserves without Question!" Of Which, "The Biden/Harris Administration," and "The Democratic Party," is "Providing The People/Citizens of America Everyday" that "They are in Office!"
"An Exemplification of What Bad Governance is," Can Be "Best Described by The Republican Parties Anti- Women's Rights Legislative Acts," and "Pro- Putin Rhetoric!"
And "It is of The Greatest Importance," for "Every American Citizen who Values Their Rights of Living in A Democracy" to "Demand" that "Their Elected Officials," Whether They Be "Local," "City," "State," or "Federal Officials," "Must Give Their Support to America's Allies," who have had "Their Territorial Rights Violated by Anti-Democratic Factions," who also "Seek to Undermine The Civil," "Human," "Egalitarian," and "Democratic Rights," of "Every Woman," "Child," and "Man," in "The United States of America!" "Time is of The Essence!" "Too Many Innocent People are Being Killed," without "Consideration of Their Democratic," and "Egalitarian Rights!"
However, "Let Us Firmly" and "Strongly Agree" that "It has Become Plainly Obvious" that "A New Era of Earthwise Economics" in "Finance," and "Banking," "Trade," and "Commerce," and "Wall Street," and "Earthwide Markets," In Addition to "The Forecasts," and "Expectations of Economic Pundits," (And also, within "The Biden/Harris Administration" and "The Federal Reserve") are "Upon Us," and "A New Era of Economic" and "Financial Prognostications Lie Ahead!"
And "Even Being A Streetwise Financial Connoisseur May Not Suffice" as "The Waves" and "Incoming Tides of Sociological Changes Ebb and Flow O'er The Diverse Multi- Cultural Societies, and Rainbow Communities, Tapestry, Fabric" "Institutions," and "Foundations," of "The Twenty- First Century Civilization" of "The More than Eight Billion Citizens/Populace of The Sovereign Solar Nations!"
However, "As New Facts Provide A Plethora of Financial and Economic Assessments" by "Wall Street," and "The Economic Pundits," and "The Federal Reserve System (FED)," and "The Biden/Harris Administration," "Emerge," and "Have An Effect Upon Our Lives with Their Causation," "Let Us Still Remember" that "This Post CoronaVirus Phase of Our Lives," "Will Bring Forth A Variety of New Economic Prognostications," and "Financial Changes" and "Unaccounted for Sociological Surprises," that "Without There Being Experienced Leadership in Positions" of "Government," and "Private," and "Public Sectors," that are "Highly Respected," "Cognitive," "Earthwise," "Insightful," and "Intelligent," "The U.S. Economic Recovery Will Be Hindered," "Impeded," "Flounder," and "Be Manipulated by Soulless Profit Mongers!"
And "The Negativity" and "Obstructionism," of "Political Factions" who "Seek Power," and "Gain," and "Profit," at "The Expense Of The People/Citizens" (The Public Consumer) of "The Sovereign Solar Community of United Nations," Who are In Fact, "The Heart," "Spirit," "Soul," and "Backbone," of "The Earthwide Economy," "Must Be Factored Out of" and "Removed from The Economic Recovery Equation!"
"But "The Commitment," and "Dedication" to "Good Governance Must Be Instilled in All of The Policies," and "Programs," of "Government!" And "Relied Upon to Create Economic Policies," and "Economic Programs," that are "Of Benefit to All The People!" "Why!" Because "The Lives," "Welfare," "Healthcare," "Well Being," and "Sociological Security," of "All The People are at Stake!" Including "The Protection," and "Conservation," of "All The Ecological," and "Environmental Sphere's" of Earth!" And "All of Its Sentient Beings!"
-(And Take Note that, "It is also of "Great Significance to Continue to Report" that "The Inflation Reduction Act of 2022," (A Budget Reconciliation Bill Sponsored by Senate Majority Leader Charles Ellis "Chuck" Schumer, Democrat from The State of New York," and "Joseph "Joe " Manchin III, Democrat from The State of West Virginia,) "Will Continue to have An Important Impact upon The United States in 2024," as "It Did in 2023!"
And "The Fact" that It Will Invest Significantly" in, (1) "Domestic Energy Production and Manufacturing," and, (2) "Reduce Greenhouse Gas Emissions by Approximately Forty Percent by 2030," and "Below 2005 Levels," and "Reduce Prescription Drug Prices," and, (3) "Most Importantly Reduce The Deficit" and "Keep Inflation in Check," ("Whatever Wall Street's Expectations are," and "Whatever Obstructionist Tactics The Republican Party May Mount," "Whether They Be Positive or Negative,") and "Most Importantly," "Continue to Empower The Federal Reserve," and "The Biden/Harris Administration to Forge Ahead with Their Economic Plans" to "Improve The Quality of Life for All Americans to Benefit from," and "Enjoy!"
However, "There is Still A Great Deal to Be Done in The United States of America," and "No One is Saying" that "The U.S. is Not in Dire Need of Additional Financial Relief," For Example; "Students Still Need Their Loans Forgiven," and "The Poor and Transient American Citizens " are "Still in Need of Financial Assistance," and "A Real Sense" that "Their Lives have A Meaning," and "Investment in The Infrastructure of This Grand Ole Nation is Still Needed," "Bridges Need Repairing," and "Roads Need Repair," and "The Nations Ports," and "Railways Need Repair!" And "These are Just A Few of The Nation's Infrastructure Projects" that "Need Immediate Attention!"
However, "Let Us Agree" that, Whichever Way The Political Winds May Blow," and "After Crucial Government Decisions are Made," "The Business of The United States Congress Should Be" to "Get on with Creating Legislation" that is "In The Best Interests of The United States Government Of The People, By The People, and For The People," and "In Defense of," and "In Protection of," "The Democratic Principles of The U.S. Constitution," and "The Republic," and "The Diverse Multi- Cultural Sociological, Rainbow Communities, Tapestry, and Fabric of America!"
And "If The Local," "City," "State," and "Federal," "Elected Officials of The Republican Party," are "Unable to Serve," and "Represent," "The Republic," and "The Democratic Principles" that "The United States of America was Founded Upon," and "As Stated in The U.S. Constitution," and "As They have Taken Their Oaths to Do," "They Should Be Voted Out of Office!"
-United Interdependent Global Activists- The Way To Peace! #269- (Revisited and Revised)-
Voices of Reason and Peacemakers of the 20th and 21st Centuries, "Let
Us Find Agreement and Comfort in The Reality that There are Solutions"
to "The Myriad Sociological Complexities and Evils, that Our Global
Communities are Being Faced with!"
And "Let Us Find Hope, Comfort, and, Optimism," in An Earthwise
Vision Path, "Of, By, and, For The People," that, "Encompasses the
Heart, Soul, Generosity, and, Charitable Nature of The People, of This
Planet Earth!"
And "In Regards to Those Who Attempt or Choose to Impede, or,
Obstruct the Evolution and Universal Awareness of Our Inner-selves and
Global Societies," "Let Us Continue to Find the Soul Strength, To
Evolve, Transcend, and Grow," as "An Indefatigable, Cognitive, and,
United People of The Earth," "Who are Destined To Be A Great Soul Force
of Reason, Intelligence, Compassion and Faith," and, "Cast Out," of Our
Lives, "These Obstructionists and Extremists from Having Any Further
Affect on Our Livelihood, or, Our Future!"
And "Let Us Continue to have Faith and Trust in the Eloquence and Reverence of Being," and, "In Our Fellow Human Being!"
And "Let Us Continue to Be Protectors of the Earths Environment," and, "Defenders of A Great Soul Force of Truth and Justice!"
For, This is, The Way To Peace, and, A Selfless and Unfaltering Personification of Being Here and Now, In An Omnipresent, Omniscient, and Omnipotent Age of Peace, Social Security and Global Equilibre, On Earth!
"My Wish List for the New Year," and "The 21st Century," (Besides The Election of United States Vice President Kamala Devi Harris," and "Minnesota Governor Timothy James "Tim" Walz," "As President" and "Vice President" of "The United States of America,") is, "For The More than Eight Billion People/Citizens" of "The Earths Sovereign Solar Community of United Nations" to "Exist In a New Era of Unity and Peace!" And "Let Us Be Undivided in Spirit and Purpose!"
And, Let there Be a "Reconciliation of The People of The Earth in Peace For One and All!"
And Let Us Not Be Divided by "The Impediments that Bar The Way To Inner Clarity and Perceptivity!"
"Nor, Let Us Be Divided by The Voices of Dissent" that "Argue Against the Positive Conclusions," "Intelligence," and "Advice of Scientists!"
And "Let Us Not Be Deluded by The False Rhetoric of Political Discourse" that "Bloviates Rather than Educates," or "Religious Ideologies that Pontificates, Rather than Heals" and "Enlightens The World!"
And "Let Us Not Be Psyched Out of Believing in" "That Which You Truly Love and are Inspired by," and, "What is Real from Unreal!"
"History has Revealed that For Millennia upon Millennia," that "There have Been Moments in Time," "When The Earths Populace/We The People" have Been "Taught and Conditioned" by "Egregious and Malevolent Religious," "State," "Civilian," "Business," and "Military Leaders," to "Hate Our Fellow Human Being," and "Engage," over and over again, "In Wars that have Violated The Core Beliefs of Our Faiths," "Under False Pretenses!"
Or, "Our Historical Records have Revealed" that, "We"..."The People," have "Been Told Outright Lies," in order that, "A Few," May Gain Property and Wealth, "at The Expense of The People," and "Relish in the Enjoyment of Seeing Those of Us, who were Less Fortunate,"
(at Times a Whole Race of People), "Being Subjugated," and "Enslaved in The Name of God!"
Or, "We" have "Been Manipulated and Conditioned to Believe in What is Evil," and "The Illusion of Good," "For Their Own Self Profit," "But, Not For The Good or Benefit of The People" (Does it Sound Familiar)!
And Here "We" are "Half Way thru The Second Decade of The 21st Century," with "the United Nations (UN)," "the European Union (EU),"" the United Kingdom," "the United States of America," "Sometimes the People's Republic of China (PRC)," "the Federal Republic of Germany," "France (the French Republic)," "NATO (the North Atlantic Treaty Organization)," and "the International Court of Justice (ICJ)," "the International Criminal Court (ICC)," and "In International Trade Agreements between Sovereign Solar Nations" from "All over The Earth," "Building a Nexus of Bridges of Commerce" to "Herald in An Earthwide Peacetime Economy," and "Yet, The World Still Exists in a Fractious State of Being!"
"The Key Words" are "United," "Republic," and "Union!" "A State in which the Power Lies in the Hands Of The People" (and Their Elected Representatives), "Joined Together in a Common Purpose," (such as Freedom)! And "Let Us Agree" that "This is What the Civilized Nations of The Earth Must Be!"
Or, In This Same Example, "A Grand Union of United Sovereign Solar Nations," "Sworn to Eliminate the Syndicates of Extreme Radical Militant Groups," and "Terrorists," and "Their Proxies,"and "Criminal Collaborators," and "Rogue Sovereign Solar Nations," and "Their Leaders," from "Ever Being a Threat to the Best Interests of Our Community of Nations," and/or "the Well Being and Lives of We The People!"
And "to All the World Leaders Attending the 2024 United Nations Climate Change Conference, (COP 29 or CMP 19)," from the 11th of November until the 22th of November, "It is of the Utmost Importance" that "You are Aware of," and are "In Absolute Agreement" that "The Danger to This Earth of Ours Lies Beyond The Pollution of Our Lands," "Seas,: and "Skies!"
"The Danger," also, "Lies in The Hands of Extreme Radical Militant Groups," and "Their Proxies," and "Rogue Sovereign Solar Nations," who "Do Not Care if They Destroy Our Towns," "Villages," and "Cities!"
"Nor, Do They Care about Murdering Our Children," or "Enslaving Them!"
"Nor, Do They Care about Killing," or "Torturing the Innocent!"
"They" have "Stolen Our Children," "Our Lands," and "Our Property," and "Have Caused The Ruination of Millions of Families!"
And "They" are "No Better than Criminals," (Crime and Drug Lords, and Sex Traffickers)! "They are Pretenders of The Faith," (that They have Disgraced by Their Actions), "Maiming," "Killing," and "Torturing Innocent Women" and "Men," "In the Name of God!" "While Sinning against God," and "The Children of God," and "Their Fellow Human Beings!"
So, "Let Your Environmental and Ecological Accords," "Reach New Agreements" that "Specify,
(1) "You Vow to Lower Greenhouse Gas Emission,"
(2) "Achieve a Binding Agreement on Climate Change,"
(3) "Protect the Earths Threatened Species," and "Our Seas," "Lands," "Skies," and "Universe,"
But, also, "Add a New Perspective!" "A Vow to Protect The Lives of All The People, of This Planet Earth," from, "The Dangers of Depraved, Diabolical," "Wanton," and "Malicious Extreme Radical Militant Groups," and "Terror Syndicates," and, "Their Malevolent Proxies," and "Accomplices!"
And "Let Us Agree" to "Not Allow Ourselves to Continue to Be Fooled ," or "Pitted Against One Another," "In The Name of God!" "Where One Nation of People are Deluded into Taking the Lives of Another," "Under the Guise of False Statements," and "Misleading Beliefs of Superiority," "In the Name of God!"
And "Let Us, also, Agree" to "Not Allow the Political Ambitions," "Greed," and "Lust of Power," of "Any World Leader," "Domestic Politician," "Business," "Drug," or "Crime Syndicate," or, "So-Called Religious Leader," who are"Attempting to Delude," "Terrorize," "Enslave," "Subjugate," "Addict," Torture," or "Commit Criminal/ Unlawful Acts Against Humanity!"
Instead, "Let Us Wholeheartedly Agree" that "It is Time For A Prevalent Spirit of Good Will to Embrace The World," and "All The People and Sentient Beings of The Earth!"
And "Lets Wholeheartedly Agree" that "It Shouldn't Take Another Horrific Mass Carnage of Innocent Victims to Mobilize the Earths Leaders of Sovereign Solar Civilized Nations" to "Act in Full Force," "Putting in Action a Earthwide Strategy," and "Military Engagement," "Arming Their Navy's," "Armies," "Air Forces," "Intelligence Agencies," "Special Operation Forces," "Spy Satellites," and "Drones," to "Suppress," "Prove False," and "Find and Destroy the "Tyrannical Operatives of Extreme Radical Militant Groups," and "Terror Syndicates," and "Their Leaders," and "Proxies," and "Remove from Power and Influence Any Leader" who "Has Imperialistic Delusions of World Domination!"
"History has Provided Us with a Cognitive Understanding," and "Knowledge of Times Gone By," when "Previous Acts of War," "Mass Carnage," and "Violence," "Conducted by Barbarians," and "Uncivilized Nations," who "Threatened the Security of the People of The Earth!"
And "If There is Further Reason to Justify the Full Earthwide Mobilization of All Sovereign Solar/Civilized Nations Against Rogue Sovereign Solar Nations," and "the Syndicates of Extreme Radical Militant Groups of Terror," who "Have Caused the Displacement of Millions of Innocent People from Their Homes" is "One!"
And (2) "The Murder and Torture of Innocent Victims" and, "(3) "The Generations of Children who are Being Denied a Proper Education," and,"The Surety," "Safety," and "Security of Growing up without Living in Fear of Losing Their Lives," are "Compelling," and "Moral Reasons to Act Now!"
"There Can Not Be A Generation Gap," or, "A Void of Conscious Awareness, or, "A Lapse in Spiritual and Religious Values," that "Prevents Us," from "Acting with a Sense of Empathy," and "Philanthropy For Our Fellow Human Being!"
"For Without A Great Union Of The People, By The People, and, For The People," "United in Spirit and Purpose," "A Divided World Will Exist, With Millions of People Living in Poverty," and "With Too Many People Still in Need of Healthcare," and "Lacking in Employment," and "Without Access to Higher Education!"
There are "Too Many People Living amongst Us," "Who are Plagued by Fragile Psyches," or, are "Exhibiting Spiritual," "Mental," "Emotional, " and "Psychic Imbalances," Who are "Easily Manipulated by the State of Amorphous," and "Sociological Inequalities," that "Still Exist in Our World Today," and "Cause (in Them) a Sense of Resignation and Frustration," or "Cause Them to Strike Out in Vehemence," or "In Blind Confusion Towards Their Fellow Human Being!"
"Causing Death and Despair" to, "Too Many Disheartened," and "Disconsolate Families who've Lost a Loved One!"
"These Individuals are Susceptible to Becoming Perfect Converts of Militant Groups," and "Political Parties," and "Terror Syndicates," and "Criminals!"
"Ending up as Another Negative Statistic," and "Soulless Perpetrator," "Doomed to A Hellish Demise" (as is the Case with the Majority of Foreign," and "Domestic Anti- America," and "Anti- Democracy Factions") "with "The Eventuality of Death" and "Disgrace as Their Final Act."
However, "With a Great Union Of, By, and, For The People," in Place, "Educating," "Healing," and "Providing Philanthropy," "Healthcare," "Social Security," and "Opportunity For The People," "A Soul Force of Public Servants," "Can Reach Out to These Individuals who've Gone Astray," and, "Help Them Find a New Balance in Their Lives!"
"One, that Embraces Humanity," and, "All Sentient/Universal Life Forms!"
"Envision" with me, "A Great Union Of The People, By The People, and, For The People," that is "Empowered by The U.S. Federal Reserve," "The European Central Bank (ECB)," "The IMF, and "A Vibrant Age of Earthwide," and "Earthwise Technology," and "Enlightened Scientific Discoveries," of "Resilient Global Markets," and "Emerging Economies," and "Investment in the Modernization of the Earths Infrastructures," and "Establishing a New World of Unification" of "Banking," and "Privatization in the Name Of The People," and "Affordable Healthcare," and "A Global Peace Time Economy!"
"Bringing Forth a New Global Financial Equilibre and Security," to "Our Towns," and "Villages," "Cities," "States," and "The Earths Sovereign Solar Community of United Nations!"
Yes, "This is a Substantial Wish List," and "Change Can Prove to Be Difficult," But, "As The History of Humankind has Shown Us," "Where, There is a Will to Make a Positive Change For the Betterment of All Humankind," "It Can Be Done!" And, "The Proof Lies in Each and Every New Day," "Season of The Year," "Idea," "Thought," "Word," and "Action!"
Voices of Reason and Peacemakers of the 20th and 21st Centuries, "Can We Ride the Wind to, Yet, a New Horizon," "Where Innovation," "Evolution, " "Generosity of Spirit," and "Change Exist For All The People of The Earth!"
"Where a Magnificent Earthrise of Infinite Proportions," "Illuminate," and "Enlighten the Earths Populace!"
"Where a Child's Smile Can Bring a Cascade of Endless Joy and Happiness into Your Life!"
"Where a Politicians Mantra," or "Motto," is "To Truly Serve the People!"
"And "Where All the Tithes of The Earths Religions are Used Solely For the Benefit Of The People!"
And "Where Cyber Space is a Place of Growth," "Wisdom," "Knowledge, " "Joyful Entertainment," "Universal Exploration," and "Earthwide Bridges," to "The Great Spirit Of The People," and "The Sharing of Evolutionary New Arts and Culture!"
And The Answer is, "Yes We Can!"
For, This is, The Way To Peace, and, An Omniscient, Omnipotent, and Omnipresent Age of Peace, Truth, Social Security, and, Hope On Earth!
Or,
Wherever Heartbreaking Deaths, Injuries, and Mass Devastation has
Occurred! Or, Wherever The Destructive Path of Tsunamis, Tornadoes,
Flood Waters, Mudslides, Raging Tides, and Fires have Tragically Killed,
and Brought Pain, and Deep Sorrow, and Extreme Damage Earthwide! And
Wherever Homes have Been Destroyed, and The Suffering Caused by The Loss
of Life, and The Loss of Love Ones has Been Overwhelming!
-In Memoriam: We Extend Our Sincerest Heartfelt and Soulful Condolences to The Families of Love One's who've Died Earthwide Due to The CoronaVirus Pandemic, As This Tragic Death Toll has Continued to Rise Above Seven Million Love Ones to 7, 068, 664, Who have Died, As of Sunday, The Thirteenth of October, 2024!
And, In The United States of America The Number of Deaths Due to The CoronaVirus Pandemic has Surpassed An Incredible and Traumatic Plateau of One Million" to 1, 202, 657 Love Ones!
And In The EU (European Union) The Tragic Number of Deaths Due to The CoronaVirus Pandemic is 1, 264, 306!
-In
Memoriam: We Would Like to Extend Our Sincerest Heartfelt and Soulful
Condolences to The Families of Both The Ukrainian and Russian People,
and The Families of Many Others, Journalists, and Foreign Fighters, who
have Lost A Love One Due to An Invasion and War that Should Not have
Occurred But For The Malicious and Egotistical Decision Making of One
Person, Russian President Vladimir Putin, who Will Bear The
Responsibility for The Deaths of Your Beloved Friends and Family Members
in Perpetuity! And, We Mourn The Loss of Your Love Ones with You!
-In
Memoriam: We Would Like to Extend Our Sincerest Heartfelt and Soulful
Condolences to Both The Innocent Israeli and Palestinian Families who
have Lost A Love One Due to The Vicious Brutalities of War, and Military
Conflict, that was Caused by A Sneak Attack Upon The Sovereign Solar
Nation of Israel by The Immoral Brigades of Hamas, on The Seventh of
October 2023!
And We Would also Like to Extend Our
Sincerest Heartfelt and Soulful Condolences to The Families of the
Hostages who have Died Due to Bombing, and Humanitarian Violations, and
The Unmerciful Acts of War!
