They See It Coming – Fitch Joins S&P to Downgrade USA Credit Rating


Posted originally on the CTH on August 2, 2023 | Sundance 

Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.

Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.

In the bigger picture, this is a self-fulfilling prophecy driven by the latest focus on unsustainable economic policy, aka The Green New Deal. The efforts of the fiscal, monetary and economic policy are all aligned to shrink the U.S. economy, thereby creating the era of “sustainable energy” a possibility. Unfortunately, this is akin to a household intentionally shrinking their income while at the same time taking on credit card debt. The process itself is not sustainable.

(Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

[…] “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.

U.S. Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”

[…] In a previous debt ceiling crisis in 2011, Standard & Poor’s cut the top “AAA” rating by one notch a few days after a debt ceiling deal, citing political polarization and insufficient steps to right the nation’s fiscal outlook. Its rating is still “AA-plus” – its second highest.

After that downgrade, U.S. stocks tumbled and the impact of the rating cut was felt across global stock markets, which were in the throes of the euro zone financial meltdown.

In May, Fitch had placed its “AAA” rating of U.S. sovereign debt on watch for a possible downgrade, citing downside risks, including political brinkmanship and a growing debt burden. (read More)

What do Barack Obama and Joe Biden have in common?  They were both in office, executing an identical economic, fiscal and monetary policy, when the USA credit was downgraded.

Anchorage Mayor to Fly Homeless to Los Angeles




Armstrong Economics Blog/USA Current Events Re-Posted Aug 1, 2023 by Martin Armstrong

“We are going to offer them a chance to stay warm this winter,” Anchorage, Alaska, Mayor Dave Bronson stated regarding the growing homeless population. Eight people died of exposure last year, and Bronson said it is cheaper to pay for a one-way flight than to create makeshift housing. Bronson said a one-way ticket to LA would cost the city about $286 per person. In comparison, the city would need to spend over $100 daily for temporary shelter.

The program has not been funded or approved. Obviously, LA is not too happy about the announcement. “Someone says, ‘I want to go to Los Angeles or San Diego or Seattle or Kansas,’ it’s not our business,” Bronson said of their final destination. “My job is to make sure they don’t die on Anchorage streets.” About 40% of Alaska’s population lives in Anchorage, but they host 65% of the homeless population. “The taxpayers to whom I’m responsible to can’t keep footing the entire bill,” he said. “We need a statewide solution to a statewide problem.”

LA Mayor Karen Bass declared a state of emergency in 2022 regarding the growing homeless population. “It will create the structure necessary for us to have a true, unified and citywide strategy to set us on the path to solve homelessness,” Bass said after promising to house at least 17,000 people during her first year in office. This was before the US-Mexico border was opened to the world. The homeless population in LA continues to grow at a record pace.

No one knows exactly what to do about the growing homeless problem in America. Our politicians are willing to send hundreds of billions to Ukraine but refuse to address the issues we face at home.

House Oversight Committee Releases Statement Following Devon Archer Testimony


Posted originally on the CTH on July 31, 2023 | Sundance 

Today, Hunter Biden’s friend and business partner Devon Archer testified in a closed session before the House Oversight and Government Reform Committee.

At the conclusion of the testimony, the House committee released the following statement. Hopefully a transcription of the testimony will soon follow.

WASHINGTON—House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) issued the following statement following Devon Archer’s four-hour transcribed interview with the committee:

“Devon Archer’s testimony today confirms Joe Biden lied to the American people when he said he had no knowledge about his son’s business dealings and was not involved. Joe Biden was ‘the brand’ that his son sold around the world to enrich the Biden family. When Joe Biden was Vice President of the United States, he joined Hunter Biden’s dinners with his foreign business associates in person or by speakerphone over 20 times. When Burisma’s owner was facing pressure from the Ukrainian prosecutor investigating the company for corruption, Archer testified that Burisma executives asked Hunter to ‘call D.C.’ after a Burisma board meeting in Dubai.

“Why did Joe Biden lie to the American people about his family’s business dealings and his involvement? It begs the question what else he is hiding from the American people. The House Committee on Oversight and Accountability will continue to follow the Bidens’ money trail and interview witnesses to determine whether foreign actors targeted the Bidens, President Biden is compromised and corrupt, and our national security is threatened.”

Below are key takeaways from Devon Archer’s transcribed interview:

♦Devon Archer testified that the value of adding Hunter Biden to Burisma’s board was “the brand” and confirmed that then-Vice President Joe Biden was “the brand.”

♦Archer admitted that “Burisma would have gone out of business if ‘the brand’ had not been attached to it.” He believed that Hunter Biden being on the board and the Biden brand contributed to Burisma’s longevity. People would have been intimidated to mess with Burisma legally because of the Biden brand.

♦In December 2015, Mykola Zlochevsky, the owner of Burisma, and Vadym Pozharski, an executive of Burisma, placed constant pressure on Hunter Biden to get help from D.C. regarding the Ukrainian prosecutor, Viktor Shokin. Shokin was investigating Burisma for corruption. Hunter Biden, along with Zlochevsky and Pozharski, “called D.C.” to discuss the matter. Biden, Zlochevsky, and Pozharski stepped away to make the call. This raises concerns that Hunter Biden was in violation of the Foreign Agents Registration Act.

♦Devon Archer testified that Hunter Biden put then-Vice President Joe Biden on the speakerphone during business meetings over 20 times. Archer testified that Joe Biden was put on the phone to sell “the brand.” These phone calls include a dinner in Paris with a French energy company and in China with Jonathan Li, the CEO of BHR.

♦Archer acknowledged that then-Vice President Biden had coffee with Jonathan Li, the CEO of BHR, in Beijing. Then-Vice President Biden even wrote a letter of recommendation for college for Li’s daughter.

♦Archer confirmed Joe Biden was referred to as “my guy” by Hunter Biden.

♦In spring of 2014, then-Vice President Biden attended a business dinner with his son, Hunter, and his associates at Café Milano in Washington, D.C. Elena Baturina, a Russian oligarch who is the widow of the former mayor of Moscow, attended the dinner. Notably, the Biden Administration’s public sanctions list for Russian oligarchs does not contain Baturina. (read link)

As noted by Kaneoka:

November 2010: Joe Biden had a sit-down meeting with Eric Schwerin – the president of Hunter’s private equity firm – in the West Wing.

November 2011: Joe Biden met with Chris Heinz — a co-founder of Hunter’s private equity firm — in the West Wing.

March 2012: Joe Biden met with Andres Pastrana Arango — the former president of Colombia who Hunter was doing business with — at his personal residence.

December 2013: Hunter flew with Joe Biden aboard Air Force Two to China, where he introduced him to Jonathan Li, a Chinese businessman.

February 2014: Joe Biden had lunch with Hunter and two of Hunter’s Mexican business partners and was pictured giving them a tour of the White House.

April 2014: Joe Biden met with Devon Archer — another co-founder of Hunter’s private equity firm — in the White House a week before Archer joined the board of Burisma.

June 2014: Joe Biden met Manuel Estrella — Hunter’s Latin American business associate. After the meeting, Estrella emailed Hunter: “Hunter, I just met your father! So exciting!” Hunter replied: “I’m glad it all finally came together.”

August 2014: Pictures show Joe Biden golfing with his son, Hunter, and Devon Archer while they were both serving on the Burisma board.

April 2015: Joe Biden attended a dinner in Washington, D.C., with Hunter’s business partners from Russia, Ukraine, and Kazakhstan.

November 2015: Joe Biden hosted his son’s Mexican business partners — Carlos Slim, Miguel Aleman Velasco, and Miguel Aleman Magnani — at his personal residence.

February 2016: Biden flew Hunter and Jeff Cooper — a family business partner — to Mexico City for a business trip aboard Air Force Two.

May 2016: Joe Biden met with Eric Schwerin — the former head of Hunter’s private equity firm — for dinner in Washington, D.C.

September 2016: Joe Biden attended a fundraiser for Francis Person — a business associate of Hunter’s and a former advisor in Biden’s VP office.

May 2017: Joe Biden met with family business partner Tony Bobulinski TWICE.

June 2018: Joe Biden texted Hunter saying that he was with Jeff Cooper — a family business partner — and that Cooper wanted to “do some work” with him.

Photos, emails, text messages, and White House visitor logs CONFIRM these meetings took place. It’s not up for debate.

So why did Joe Biden lie?

Remember, always temper investigative optimism about foreign policy corruption with two big picture realities.

First, the entire business model of DC politics is designed around politicians selling U.S. government policy for personal financial gain. The Republicans and the Democrats both participate in this endeavor. This is why multi-millionaire candidates will spend $10+ million on a campaign to take a job as a senator earning $400k/yr.

Second, the House Oversight Committee is the Chaff and Countermeasures committee. The congressional committee without specific jurisdiction where all congressional investigations are sent to generate fundraising points, and then die a kick-the-can death.

Illogical Ship of Fools


Armstrong Economics Blog/Gov’t Incompetence Re-Posted Jul 27, 2023 by Martin Armstrong

COMMENT: Thank you for your private blog on interest rates. We seem to have the dumbest people in government possible. How could they sell debt when China was the largest holder and then threaten them with war over Taiwan? A third-grader would see the illogical assumption in this position. If they cannot sell the debt, then interest rates must rise. Only a fool would disagree with that. We are obviously on a ship of fools.

HK

ANSWER: You do not buy the bonds of your enemy so they can buy weapons to wage war against you. It just does not make any sense.

If I Were The Deep State – Deploying Relentless Lawfare


Posted originally on the Conservative Tree house on July 24, 2023 | Sundance 

Excellent video presented by Lauren3ve {Direct Rumble LinkWATCH:

Exceptional article, outlining the Biden DC agenda and the perspective of the American majority.  This is the crux, the essence, the core reason behind the upcoming victory of the American people, through Trump, over a comprehensively corrupt DC apparatus:

[…] What we have seen over the years is that every time the Deep State tries to hurt President Trump, his poll numbers rise, and he is able to fund-raise even more than before. It is an inexplicable reaction that frustrates Democrats, who fail to understand that most Americans are honest, ethical, and busy individuals, committed to caring for their families, attending church, and being active in the community. Most voters do not understand the complexities of national security laws. Nor do they believe that Trump committed felony violations by participating in a conspiracy to obstruct justice.

Voters may not remember their civics classes, but they know that Trump has always cared about America’s standing in the world. From the moment he descended the escalator at Trump Tower in 2015, Trump’s brand is that he wants America to win. Even in television interviews in the late 1980s and 1990s, Trump’s single-most consistent grievance against American officials was that they let foreigners take advantage of America and get ahead at the nation’s cost. For Trump watchers, the Make America Great Again campaign started more than 30 years ago. (read more)

The Rebellion Is Alive and Thriving


Posted originally on the CTH on June 17, 2023 | Sundance 

We live with a new type of tyranny, where we find ourselves dissidents.  It is not like any previous tyranny. It is not revolutionary in nature. Instead, it operates very scientifically and technocratically by convincing those it tyrannizes to demand their own enslavement, under the guise of comfort.

Prior dissidents were at least dissidents of a tangible, kinetic revolution. We are dissidents of what the willfully tyrannized perceive as their secure position within the rightful order of things. This needs to be factored into how we think about “converting” and “awakening” others amid the ongoing insurgency.

(Via Daily Mail) – A Fox News producer who resigned over a chyron that described Joe Biden as a ‘wannabe dictator’, has broken his silence.

Alexander McCaskill posted a photo of himself on Instagram holding a cardboard box outside the corporation’s New York offices.

He told his followers ‘Today was my last day at Fox’ and described his time there as a ‘wild 10 years’.

McCaskill is thought to have been responsible for the chyron which claimed President Biden was intent on locking up his 2024 rival, Donald Trump on Tuesday.

Fox had it on screen for less than 30 seconds, and then apologized. Dailymail.com has approached Fox News and McCaskill for comment.

Former Fox News host Tucker Carlson claimed the producer had resigned during his new show, now being broadcast on Twitter, on Thursday.

He did not name the producer but The Daily Beast reported that it was McCaskill, who worked with Carlson on Tucker Carlson Tonight for many years.

McCaskill seemed to confirm news of his resignation on his private Instagram account in a lengthy post.

‘Today was my last day at FOX. It was a wild 10 years and it was the best place I’ve ever worked because of the great people I met,’ he wrote.

‘But the time has come. I asked them to let me go, and they finally did. To all my friends there: I will miss you forever.’ (read more)

Well done Mr. McCaskill, well done!

The rebellion is alive and well!

Blinken to Visit China – What Could Go Wrong?


Armstrong Economics Blog/War Re-Posted Jun 16, 2023 by Martin Armstrong

US Secretary of State Antony Blinken is set to visit Beijing this weekend. Blinken was originally scheduled to visit China in February, but it was delayed after Chinese spy balloons entered US airspace. Sending Blinken to China is like sending a thief to rob the headquarters of the National Rifle Association. Blinken has repeatedly offended China and gushed over the prospects of war. China does not want war, they repeatedly requested for the US to stay out of its affairs.

The meeting is already off to a bad start here. Chinese Foreign Minister Qin Gang called Blinken on Tuesday to remind him to “show respect” before he arrives. CNN already reported that Blinken plans to discuss Taiwan and will “advocate strongly” for military communications. These do not align with the main goals of the meeting which is intended to discuss global macroeconomic stability, global security matters, and establishing proper communication channels. China’s military is not going to form an open line of communication with the US military. China does not advocate the war in Ukraine and has repeatedly tried to remain neutral.

“I hope that the U.S. side will take practical actions to implement the important consensus of the meeting between the two heads of state in Bali, move in the same direction as the Chinese side, effectively manage differences, promote exchanges and cooperation, and promote the stabilization of China-US relations,” Qin said, according to the South China Morning Post. This will not happen. If the US wanted to stabilize relations with China, they would send anyone other than Blinken.

The US is fanning the flames of war and is the aggressor in this situation. They continue to antagonize China, hoping that Beijing will make a move either with Russia or Taiwan so that they can jump on the opportunity for war. The neocons are not concerned about our economy, the lives of the people, or maintaining relations with America’s top trading partner. Expect the headlines early next week to read “Relations Between China and the US Further Deteroriate.”

Burisma Audio Tapes Coming Soon?


Armstrong Economics Blog/Corruption Re-Posted Jun 14, 2023 by Martin Armstrong

The mainstream media continually calls Biden’s Burisma bribery misinformation. Senator Chuck Grassley made a stunning claim that a Burisma executive is currently in possession of recorded calls with Hunter and Joe Biden in which they discuss the $5 million bribe. The then-vice president and the executive referred to the bribe as an “insurance policy” for the Biden crime family.

Attorney General Matt Whitaker told Fox that this will be a “cataclysmic event” if the audio recordings are released. Document form FD-1023 form, dated June 30, 2020, initially redacted the audio files to protect the Bidens. “This information, that there were recordings of the president of United States talking to a foreign national about bribes, was redacted from that 1023. That’s extraordinary in and of itself. Now, the contents, if true, I mean, obviously this is a cataclysmic event because you just don’t have these types of recordings usually available. And… it will prove essentially what Joe Biden knew and what his scheme was to abuse his power as vice president,” Whitaker told Fox.

Chuck Grassley (R-Iowa) said that the Ukrainian executive kept the tapes as a form of his own insurance policy in case he got into a “tight spot.” Grassley also said that the recordings may prove that Biden helped to appoint his son Hunter to a position at Burisma. “So, as I’ve repeatedly asked since going public with the existence of the 1023, what, if anything, has the Justice Department and FBI done to investigate? The Justice Department and FBI must show their work. They no longer deserve the benefit of the doubt,” the senator said.

It’s clear that the Justice Department and FBI will use every resource to investigate candidate Trump, President Trump and former President Trump,” Grassley said. “Based on the facts known to Congress and the public, it’s clear that the Justice Department and FBI haven’t nearly had the same laser focus on the Biden family.”

Where is the global outrage? The Bidens were engaged in illegal dealing with Ukraine years before Biden became the POTUS. We are now sending blank checks of taxpayers’ money to Ukraine, exacerbating inflation and creating economic uncertainty throughout the globe. Biden should be impeached at the very least for these offenses. The intelligence agencies have refused to cooperate with investigations and have illegally withheld information that would have sent Joe and Hunter to prison. The Department of Justice and FBI have become the Democrat’s personal Gestapo and are refusing to abide by the law. The people must demand justice.

New Song Representing the Non-Pretending American Population Going Viral


Posted originally on the CTH on June 12, 2023 | Sundance 

“81 Million Votes My Ass”, is a new counter-propaganda message turned into a song and highlighted by Kari Lake. {Direct Rumble Link}

The song is a little salty but strips down the nonsense and delivers a direct counterpunch to the elements in social society that would continually have us believe that Joe Biden won 81 million votes in the 2020 election.  WATCH/LISTEN:

.

2024 is every American patriot uniting to burn the ships behind us.  This one is for all the marbles. 2024 is not a fight where tepid half-measures and gentlemanly pastels will suffice.  Get right with God, put on the armor, absorb the focus of fighting like the third monkey on the ramp to Noah’s ark, and get comfortable being uncomfortable.

Our ally is anyone who stands beside us, right now. Our enemy is anyone who doesn’t.

The new sons and daughters of the revolution are going to look completely different.  The Green Dragon Tavern may be a church, a picnic table or a tailgate.  The assembly is not focused on the labels of the assembled.  The mission is the purpose. The fight is wherever it surfaces. Delicate sensibilities must be dispatched like a feather in a hurricane.

Senator Grassley Reveals FBI Confidential Human Source Alleging Biden Bribes Has Recordings of Himself Talking to Joe Biden


Posted originally on the CTH on June 13, 2023 | Sundance 

Things are certainly getting interesting on the Biden bribery story. Apparently, in the unclassified interview with the Confidential Human Source, the FBI redacted the source alleging he has audio recordings of himself speaking to Joe Biden.

Senator Chuck Grassley revealed this little bit of information today from the security of the Senate floor. WATCH:

[Grassley] […] Let me assist for purposes of transparency.

The 1023 produced to that House Committee redacted reference that the foreign national who allegedly bribed Joe and Hunter Biden allegedly has audio recordings of his conversations with them. Seventeen total recordings.

According to the 1023, the foreign national possesses fifteen audio recordings of phone calls between him and Hunter Biden. According to the 1023, the foreign national possesses two audio recordings of phone calls between him and then-Vice President Joe Biden. These recordings were allegedly kept as a sort of insurance policy for the foreign national in case he got into a tight spot. The 1023 also indicates that then-Vice President Joe Biden may have been involved in Burisma employing Hunter Biden. (read full transcript)

[Transcript] – Last week, I came to the Senate Floor to give a speech about the Biden Justice Department and FBI playing games with the American people by hiding the FBI-generated 1023 document from Congress.

Director Wray was going to be held in contempt for refusing to produce the 1023 that I told Chairman Comer about. Then, instead of contempt, the FBI committed to showing the 1023 and related documents to Congress.

So, the FBI showed but didn’t provide possession of that 1023 to the House Oversight Committee last week.

As the public knows that 1023 involves an alleged bribery scheme between then-Vice President Biden, Hunter Biden and a foreign national. The same allegations that Chairman Comer and I made public on May 3 of this year.

And on the same day that the FBI provided a redacted version of the 1023 to the House Oversight Committee, the Justice Department announced that former President Trump had been indicted and charged with 37 crimes relating to his alleged mishandling of classified records.

Attorney General Garland signed off on prosecuting Trump for conduct similar to what Joe Biden and Hillary Clinton engaged in. Two standards of justice in this country will turn our constitutional Republic upside down. Thanks to the political infection within the Biden Justice Department and FBI, we’re well along the road for that to happen.

This senator will do all that he can to fight that political infection. And you fight it by bringing transparency to what the government does. The public’s business ought to be public. Transparency brings accountability.

With respect to the 1023 shown to that House Committee, from what I’ve been told by folks who’ve reviewed it, it’s filled with redactions. So, Director Wray placed redactions on a document that’s already unclassified.

More than that, the FBI made Congress review a redacted unclassified document in a classified facility. That goes to show you the disrespect the FBI has for Congress. On a previous time on the Senate Floor, I asked my fellow senators what’s so unusual about an unclassified document being given to the public, when on May 18 of this year, there was leaked to the New York Times a classified document and even the name of a confidential human source. So, we’re kind of in a strange situation here. A classified document can be leaked to the New York Times, but an unclassified document can’t be made public to 300 million Americans.

Accordingly, Congress still lacks a full and complete picture with respect to what that document really says. That’s why it’s important that the document be made public without unnecessary redactions for the American people to see.

Let me assist for purposes of transparency.

The 1023 produced to that House Committee redacted reference that the foreign national who allegedly bribed Joe and Hunter Biden allegedly has audio recordings of his conversations with them. Seventeen total recordings.

According to the 1023, the foreign national possesses fifteen audio recordings of phone calls between him and Hunter Biden. According to the 1023, the foreign national possesses two audio recordings of phone calls between him and then-Vice President Joe Biden. These recordings were allegedly kept as a sort of insurance policy for the foreign national in case he got into a tight spot. The 1023 also indicates that then-Vice President Joe Biden may have been involved in Burisma employing Hunter Biden.

So, as I’ve repeatedly asked since going public with the existence of the 1023, what, if anything, has the Justice Department and FBI done to investigate?

The Justice Department and FBI must show their work. They no longer deserve the benefit of the doubt. It’s clear that the Justice Department and FBI will use every resource to investigate candidate Trump, President Trump and former President Trump.

Based on the facts known to Congress and the public, it’s clear that the Justice Department and FBI will use every resource to investigate candidate Trump, President Trump and former President Trump. Based on the facts known to Congress and the public, it’s clear that the Justice Department and FBI haven’t nearly had the same laser focus on the Biden family.

Special Counsel Jack Smith has used a recording against former President Trump. Well, what’s U.S. Attorney Weiss doing with respect to these alleged Joe and Hunter Biden recordings that are apparently relevant to a high-stakes bribery scheme?

Getting a full and complete 1023 is critical for the American people to know and understand the true nature of the document and to hold the Justice Department and FBI accountable.

It’s also important for asserting constitutional congressional oversight powers against an out-of-control Executive Branch drunk with political infection. Remember, Congress has received 1023’s in the past and they’ve been made public. So asking for this 1023 to be turned over to the American people to read is not unusual.

Congress owes it to the American people and the brave and heroic whistleblowers to continue to fight for transparency in this matter and make this document public without unnecessary redactions.

I want everyone to remember, that I have read the unredacted version. [Transcript Link]

Additionally, as more information is coming out from the FD-1023 and associated articles, the deep weeds walkers and research teams are zeroing in on the potential identity of the Confidential Human Source who gave the interview to the FBI.

SEE HERE 

Also keep in mind, this testimony was made to the FBI in July of 2020.  We are now past several elections of sequential coverup operations by the FBI in order to protect Joe Biden and manipulate election outcomes.