Ripped From The Headlines, February 28, 2024
Kellogg's Boss: Poor? Eat Cereal For Dinner! US Durable Goods Order Have Huge Miss, Americans Data Sold To Bad Actors - Read, Share, & Subscribe - SherlocExposes.com
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“Chief executive Gary Pilnick made the comments as he described the company's efforts to appeal to under-pressure shoppers during an interview in the US.
It comes as Kellogg's, which makes popular cereals including Corn Flakes, Special K and Coco Pops, has been pushing adverts in the US with the slogan: ‘Give chicken the night off.’
Mr Pilnick told CNBC: ‘Consumers are under pressure... so we're advertising about cereal for dinner, if you think about the cost of cereal for a family versus what they might otherwise do, that's going to be much more affordable... In general, the cereal category is a place that a lot of folks might come to, because the price of a bowl of cereal with milk and with fruit is less than a dollar. So you can imagine why a consumer under pressure might find that to be a good place to go.’
But when asked by host Carl Quintanilla if the message could ‘land the wrong way,’ Mr. Pilnick replied: ‘We don't think so.’
‘It turns out that over 25% of consumption is outside the breakfast occasion - a lot of it is at dinner. And that occasion continues to grow. Cereal for dinner is something that is probably more on trend now, and we would expect to continue as that consumer is under pressure.’"
THINGS TO PONDER:
The issue isn’t with you having cereal for dinner… nor is it with a business trying to promote its product or service.
It’s a message like this coming from a “leader” at a time when people are at their breaking point financially, and companies like Kellogg’s continue to raise prices, reduce portions, and provide questionable quality…
As one critic said:
"These out-of-touch scumbags probably haven't been inside a supermarket in decades."
First, you’ll own nothing and be happy…
Then, you’ll eat “ze bugs…”
Then, you’ll eat “not actual meat, but looks like it…”
See a trend?
Know Your Foe.
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“Orders for long-lasting U.S. manufactured goods fell by the most in nearly four years in January, while business investment on equipment appeared to have eased, signs that the economy lost momentum at the start of the year.
Concerns about the economy's outlook, especially the labor market, and the upcoming presidential election were uppermost in consumers' minds in February resulting in confidence retreating after three straight monthly increases. The decline in confidence reported by the Conference Board on Tuesday was despite inflation expectations over the next 12 months falling to the lowest level in almost four years.
The reports joined a stream of weak data, including retail sales, housing starts and manufacturing production. Some of the softness has been blamed on freezing temperatures last month as well as difficulties adjusting the data for seasonal fluctuations at the start of the year. Nonetheless, economists are not forecasting a recession this year.
‘Business capex lays the seeds for future economic growth as the expenditures enable companies to invest more to meet the demand for their goods and services down the road,’ said Christopher Rupkey, chief economist at FWDBONDS in New York. ‘While economists have taken down their recession warnings, business leaders with boots on the ground are less certain of the economy in the future.’"
THINGS TO PONDER:
Business owners & leaders: “Uncertain future, brace for impact.”
Many Economists: “Hey look, no recession!”
That sums up the entire issue.
If you keep lying to yourself, it won’t make the problem go away…
As we shared in yesterday’s Ripped From The Headlines, the combination of bank welfare going away and new requirements for bank reserves is going to make for a VERY bumpy ride…
That’s why business owners and leaders are uncertain, and why those with massive wealth are loading up on cash and getting out of the markets.
Remember, if the bomb diffuser guy is running you should try and keep up.
Brace For Impact.
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“President Biden is set to limit sales of some categories of sensitive U.S. data to China and other adversarial countries in a bid to stymie the covert flow of rich streams of Americans’ personal information overseas.
Wednesday’s action, administration officials said, is designed to counter a growing national security risk posed by the often-revealing data generated by mobile apps, smartwatches, car sensors and other ubiquitous digital devices. That data can be repurposed and weaponized as a means of intelligence collection by foreign spy agencies. In some cases, adversaries including China and Russia are leveraging these data sets to support hacking missions, espionage and blackmail, the officials said.
‘Even as the U.S. government blocks illicit backchannel activity like computer hacking, our current policies and laws leave open access to vast amounts of Americans’ sensitive personal data,’ a senior administration official said during a press briefing Tuesday. ‘Buying data through data brokers is currently legal in the United States, and that reflects a gap in our national security tool kit that we’re working to fill.’
Under Biden’s new executive order, specific classes of Americans’ sensitive data, including genomic, biometric, personal health, geolocation, financial and certain types of personal identifiers, will generally be barred from being sold or transferred in vast tranches to ‘countries of concern’ or vendors known to supply data to them. The countries of concern are China, Russia, North Korea, Iran, Cuba and Venezuela, and have a record of misusing data on Americans, an official said.”
THINGS TO PONDER:
The fact that the US government can track your $1 transaction with a friend or at a coffee shop with pinpoint accuracy and the IRS knows when you don’t pay that 50 cents in taxes, but they haven’t stopped our data from being delivered to bad actors should tell you a whole lot…
Including the fact that the surveillance state that you live in isn’t designed to keep bad people out, it’s designed to keep you in.
This lip service from the Biden administration is hokum… it’s not going to stop anything, because there’s too much money in allowing us to be sold out… when it’s combined with milking us dry of our wealth…
One other thing to ponder since we’re on the subject: If the government can print unlimited money, when do they need to collect taxes?
That’s the right question.
Know Your Foe.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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