COMMENT: Marty, it’s refreshing to have Socrates that is totally unbiased. It projected continued rising rates into next year and the Fed just proved its point. It is not backing down.
Thank you. Socrates is very enlightening.
GS
ANSWER: I know there were a lot of talks that surely the Fed had to lower rates and start QE all over again. Most of those sorts of comments have no real experience in markets. They just mouth a lot of hot air. Perhaps instead of putting masks on cows, we should do that on the shills. The Federal Reserve had no choice but to raise interest rates although it was just by a quarter point. Not to do so and the Fed would lose all credibility and the market would then not take them seriously.
You MUST understand that this crisis has unfolded because too many banks were wrapped up in WOKE culture and hired people who were UNQUALIFIED to run risk management. Some were more excited about cross-dressing as a woman and winning the Rainbow award in banking than actually protecting the bank from the risk of rising interest rates.
In a statement released at the conclusion of the meeting, Fed officials acknowledged that recent financial market turmoil is weighing on inflation and the economy, though they expressed confidence in the overall system. “The US banking system is sound and resilient.” They had no choice but to make this statement.
“Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring and inflation. The extent of these effects is uncertain.”
The Fed is saying that their rise in rates will in fact reduce inflation and economic activity. The banks have this yield curve risk and that is different from the 2007-2009 crisis where the debt was based on fraud. Here, the debt is US Treasuries so they are not going bankrupt from that aspect, but it is a liquidity crisis.
If these people who scream loudly but know nothing really about finance keep up the nonsense, they will only add to the uncertainly. This inflation is accelerating thanks to the war.
Posted originally on the CTH on March 22, 2023 | Sundance
Let it not be said that Mexican President Andres Manuel Lopez-Obrador (AMLO) does not understand what the Biden administration is attempting in the recent criticism and passive aggressive posturing toward Mexico.
Yesterday, AMLO was outlining a specific set of infrastructure initiatives that are ongoing. Three new oil refineries together with new railroads and highways are under construction as the government continues positioning itself for energy independence. [Video Here] However, it’s what he said after the energy remarks that’s really stunning.
The energy plan, which runs counter to the expressed demands of Canada and the United States, includes two regional ‘green’ refineries that will have the ability of turning used cooking oil into fuel. However, the plan also includes new oil refinery capacity that will permit cheap gasoline independent of the need for Mexican oil to be refined in Texas and returned.
All of the refinery projects are on schedule to be completed by the end of this year and into 2024. In essence, Mexico will have very cheap gasoline and diesel fuel in the near future. This was previously outlined as a goal by AMLO in July 2022, and is against the interests the Biden administration. Now those plans are becoming a reality. Mexico is not joining the North American suicide mission of windmills, solar panels and reliance on unstable green energy.
Ever since the July 2022 Oval Office press conference at the White House, CTH has been saying to keep an eye on Mexico, because these energy plans align more with the BRICS nation agenda than the goals and objectives of the World Economic Forum (western nations). It is not accidental the U.S. government, including our intelligence agencies and DHS, has been seeding a negative overall impression of Mexico ever since.
During his remarks, and showcasing that AMLO does actually understand how the Biden administration will/is using alternate angles to undermine the Mexican government, AMLO publicly hit back at Joe Biden over the pending arrest of President Trump. As noted by U.S-Mexican correspondent José Díaz Breseño, “Angry at US criticism of human rights in Mexico, AMLO comes out in defense of Trump, assuring that his arrest would be a move to prevent him from running for President in 2024.”
President Lopez-Obrador also pushed back against the U.S. narrative about dangers in Mexico related to the cartels. “AMLO goes further to say that the Biden Administration has no right to speak about violence in Mexico since it allegedly authorized “sabotaging” the Nord Stream gas pipeline as journalist Seymour Hersh argues.” Breseño notes.
Have you noticed that not a single U.S. media outlet is reporting on this issue? I have been looking, waiting to see if anyone would pick up on this very important story; yet, it is almost invisible in the United States. This silence is not a mistake. The UniParty media do not want these notations taking place. Indeed, if we stand back and look at the larger geopolitical picture, we can again see that AMLO is a thorn in the side of the larger objectives of the western alliance.
We will keep watching…
NEW! Angry at US criticism of human rights in Mexico, AMLO comes out in defense of Trump, assuring that his arrest would be a move to prevent him from running for President in 2024. pic.twitter.com/QMjZ8HJN3S
Posted originally on the CTH on March 22, 2023 | Sundance
The intensely political New York City District Attorney, Alvin Bragg, has told the grand jury in the Trump proceedings not to report today.
This grand jury has been meeting on Monday, Wednesday and Thursday, according to Business Insider who was the first to report today’s cancellation. President Trump responded to the delay via Truth Social:
New York – […] The Manhattan ‘hush-money’ grand jury has been told not to come in on Wednesday, a cancellation that comes on the brink of a possible historic indictment vote of former President Donald Trump, according to two law enforcement officers.
And while nothing beyond Wednesday is set in stone, it is unlikely that the grand jury will meet at all this week, said one of the law enforcement sources, who spoke to Insider on condition of anonymity.
[…] Grand juries convene in secret, and prosecutors are statutorily barred from discussing what they do. The pause comes after unexpected testimony Monday by Robert Costello, who was allowed to address the grand jurors at the defense’s request. Costello, who previously served as Cohen’s legal advisor, said at a press conference Monday that he attacked his former client’s credibility during his testimony. Cohen had just spent two days of testimony walking grand jurors through the chronology of Trump’s involvement in the payment. (read more)
The legal merits of the campaign finance case are farcical on their face, as admitted by the Federal Election Commission (FEC), previously litigated via legal precedent (John Edwards case), and even Supreme Court interpretation (VA Gov Bob McDonnell case). Even Special Counsel Robert Mueller and Andrew Weissmann didn’t want to touch this approach.
Additionally, even if there was a legal issue, there isn’t, the statute of limitations on the claimed infraction has expired. Furthermore, and seemingly overlooked by most pundits opining on the issue, the legal issue Bragg is attempting to weaponize is a federal campaign finance issue, out of the jurisdiction of the Manhattan district attorney. So, what gives?
Why would George Soros funded District Attorney Alvin Bragg proceed with a case that was structurally designed to fail on every aspect of the case? The answer, ‘politics’, pure banana republic politics.
Hillary Clinton was found to have violated campaign finance laws when her campaign used “legal expenses” to pay for the creation of the Christopher Steele dossier; the originating material for the false Trump-Russia conspiracy theory. Hillary Clinton was fined by the FEC for not accurately identifying the payments to Fusion GPS as campaign expenses; however, she WAS NOT prosecuted by the DOJ for the issue.
Despite the dismissal of the serious issue this case represents, by Florida Governor Ron DeSantis, a flippant dismissal that is garnering him a great deal of righteous condemnation, the extreme double standard represented in this case against President Trump is what forms the basis for American citizens to be angered about the dual system of justice. It’s a big deal…. A very big deal.
For the life of me, I have stated the obvious that the Biden Administration has been pushing China and Russia together not to mention North Korea, Iran, and perhaps even Turkey. I cannot believe that I am so brilliant that none of these people in the White House understood the historical event that just took place. That leaves me with the only possible conclusion that they KNEW what they were doing, and that this was DELIBERATE with the intention of creating World War III.
They made it clear that Russia is willing to negotiate but the USA wants war – not peace. All they need to do is honor the Minsk Agreement which they refuse to do. In addition, they expressed concern about the West effectively creating NATO in Asia and the AUKUS (Australia, the United Kingdom, and the United States) and their plans to build nuclear submarines that would violate the non-proliferation of weapons of mass destruction.
Russian and China came to an agreement concerning a comprehensive partnership in the energy sector. They also expressed concern for the American Neocons who have been pushing military-biological activities and demand full disclosure. They are furthermore pushing for the US to accelerate the elimination of its stockpile of chemical weapons, which the Neocons seem to be dragging their feet intentionally under the Biden Administration.
They also stressed that the United States is pushing Ukraine into this proxy war that they viewed as leading “to an uncontrollable phase.” Moreover, they have also pointed out that the United States and the UK are bypassing the UN Security Council and acting in a rogue manner. The Biden Administration has already divided the world economy. Now, China and Russia are moving to a joint security policy on food and energy which will include defense.
NATO is by no means a defensive organization. They violated the agreements of 1991 and moved Eastward to the border of Russia. In return, China and Russia have called on NATO to strictly observe the defensive nature of their organization and respect the foreign sovereignty of nations, which they have not. Aside from the fact that they invited Russia to join in 1991 which led to the Gorbachev coup, the need for Russia to be the evil empire has been vital. Without an enemy, NATO serves no purpose.
They have also expressed concern that the United States has clearly intensified its activities in the field of missile weapons and has called out the US insisting that it is undermining international security. The Biden threats have been rejected and imposing sanctions on China will only further destroy the world economy.
Without question, this alliance between Russia and China has been created by the American Neocons who assumed that they could intimidate China into remaining distant from Russia so they could wage war and destroy Russia once and for all. This has undone everything that President Nixon did to separate the two MNixon went to China on February 21, 1972, and this is 51.6 years from that target – just UNBELIEVABLE. This also confirms that we are staring into the eyes of history in the making.
Consequently, the China-Russian alliance is historically a true game changer. The Neocons have upset the entire world and NEVER do they ever consider what if their judgment was wrong. The world we have known it is changing and the Neocons have succeeded in undermining not just our future in the United States, but that of the entire world.
Just as World War I and World War II marked the collapse of the British imperial empire, the stupidity of the Biden Administration has sealed the fate of the world and the United States. The world is now firmly divided and the future will never be the same. Welcome to the 2023 Financial Crisis.
The banking crisis continues and it is impacting funds that have been buying bonds. Allianz, a subsidiary of Pimco, is writing off countless millions with Credit Suisse bonds. The banking crisis has been the result of artificially low-interest rates for far too long and banks were used to free money and buy long-term bonds all because they were making their money on the spread. Now that rates are rising, their risk management was effectively nonexistent, and thus the losses and widespread.
The Allianz subsidiary Pimco is one of the largest asset managers in the world. They have to now write off a loss in Credit Suisse bonds and it’s ain’t over yet as we head into April 10th.
I have had two employees from Ukraine – Kiev and Donetsk. The one from Kiev just mouths the standard Ukrainian propaganda. If they give up the Donbas, they will then want all of Ukraine. The UK is deeply involved walking hand and hand with Biden into world war III. They have clearly crossed the Rubicon here and for no justification. Had they simply honored the Minsk Agreement and let the Donbas, which is ethnically Russian, separate from a regime that hates their guts the war would be over in 5 minutes.
Instead, Britain appears to have been planning to give Ukraine nuclear weapons with depleted Uranium. Putin has come out and warned the UK that “the delivery and use of depleted uranium missiles by the Ukrainian Armed Forces will be perceived as an attack against Russia with a weapon that has a ‘nuclear component’.” Putin elaborated:
“Today it became known that the United Kingdom, through the Deputy Head of the Ministry of Defense of the country, announced the supply of not only tanks to Ukraine but also shells with depleted uranium. It seems that the West really decided to fight Russia in the last Ukrainian not with words, but with deeds Russia will be forced to react once the collective West starts using weapons with a nuclear component.”
There are some who believe that Ukraine should just be nuked. Give the people 2 weeks to flee to Poland or Germany, and then nuke the region and make it unlivable. That is basically the legion that Rome certainly razed the city entirely, but there are no contemporary sources stating that the Romans salted the land to prevent the city of Carthage from rising a fourth time. The Greek writer from the 1st century BC, Diodorus Siculus, informs us that the city had been razed and Carthaginians destroyed. Horace informs us that after the city was destroyed, the land was symbolically plowed. Polybius in his “The Histories” makes no mention of the land being salted just that the city was completely destroyed. Appian of Alexandria does record that Carthage was reconstructed by the first Emperor Augustus (27BC-14AD) and to avoid the evil spells that were cast on the ground, Carthage was rebuilt in a different location.
Surely, if Russia nuked Ukraine that would kill the European breadbasket and it would guarantee Ukraine’s neutrality. Is that the only way to terminate this Neocon Proxy Way and save the world?
The three Punic Wars (264 BC–146 BC) between Rome and Carthage were a turning point in the history of the Mediterranean world and, more than any other conflict, the Second Punic War (218 BC–201 BC) appears to have been a defining time in Roman history. We also see the debasement in that coinage of Carthage as they waged war to defeat Rome. You can see the early silver coinage debased as the war unfolded.
As Hannibal marched through Spain and invaded Italy from the North, Rome issued its first gold coinage more as a symbol of wealth to the other Italian city-states that they should standby Rome and not join Hannibal.
On the Roman side, we also see the consequence of the war with the debasement of the silver quadrigatus, which was the Greek denomination of the didrachm they complied with for trade with the Greek world. Here too, we can see the cost of war is not just the lives lost, but also the inflation and the monetary debasement.
Hannibal’s war also forced Rome to establish the denarius, which was the weight reduction from the Greek standard of the Didrachm 6.5 grams to 4.0 grams in 211BC. Even though Rome won, the lesson here is that sometimes wars result in the complete collapse of a monetary standard and the rebirth of a new currency. This is what we face. The Neocons care nothing about the economics, nor about the lives of the people they send to die for their arrogance. They are the worst of humanity and should be driven from governments on a global scale.
Indeed, King Louis XIV (1643-1715) was on his deathbed when he lamented.
“I have been too fond of war.”
Meanwhile, the arrogance of the Neocons trying to dictate to the world and ordering China not to help Russia, Xi’s trip to Russia had no other outcome but to support Russia as he called Putin a ‘dear friend’ as China now pushes back against U.S. power knowing full well the real agenda here is to weaken Russia and then for NATO to invade on any pretense to destroy Russia once and for all. This is the Neocon’s dream and they could care less about the Ukrainian people. I have warned that the Ukrainian people are there to be slaughtered for the glory of the Neocons.
This video is circulating the internet that shows RESISTANCE IS NOT FUTILE. Dr. Anthony Fauci goes door to door, pressuring residents of Washington, DC, to take an experimental injection for an experimental virus he likely helped leak. Watch how the people destroy Fauci’s misinformation in a few short minutes. One woman explains to Fauci that his shot does not prevent infection or transmission—what’s the point of taking the vaccine at all? “They’re not doing it because they’re saying they don’t want to do it. They’re Republicans and they don’t like being told what to do,” Fauci stated at the beginning of the video as if this issue were political.
The second man in this video really tells Fauci to Fauci off. They’re still pressuring people to take the vaccine under the pretense that it will protect the public, although even the pharmaceutical companies admit the vaccines provide no such protection. When the gentleman in the video expresses his hesitation with valid points, Fauci attempts to present “the science,” which we have learned is ever-changing based on the agenda. “When you start talking about paying people to get vaccinated…when you start incentivizing people to get vaccinated, there is something going on with that,” the skeptical American said. He then told them that the entire pandemic was about FEAR and inciting terror within the population to force them to behave as ordered.
Naturepublished an article entitled, “Vaccine incentives do not backfire — policymakers take note.” The study claims that cash incentives for vaccinations do not have negative consequences. “Eager to get vaccines into as many arms as possible, [governments] began to offer unusual incentives: in San Luis, Philippines, vaccinated residents could enter a sweepstake to win a cow; in Hong Kong, the windfall was an apartment; in West Virginia, it was a hunting rifle, among other prizes,” the study notes. They truly think the public is clueless and willing to risk their health for a prize. Other local governments offered marijuana, school scholarshipsweepstakes, grocery discounts, free rideshares, vacations, tickets to concerts and sporting events, and even an opportunity to win a family reunion.
The study published by Nature determined that the Great Unwashed could be persuaded:
"However, people and policymakers still worry that such incentives could have unintended negative consequences. People might expect payment for future vaccinations, for instance. Or they might think the payments are compensation for something that isn’t safe or could be unpleasant. Now, the results of two trials published in a paper on 11 January in Nature suggest that simple cash payments have no such unintended effects."
Independent thought is the greatest tool we have against the globalists.
At a certain point you have to wonder if the scale of the “dual justice” visibility is not intended to provoke a political crisis. If this is the motive, we are heading to a very dark place.
During his opening monologue last night, Tucker Carlson outlines the latest expectations in the arrest of President Trump and the pending criminal indictments of more than a thousand people related to the events of January 6, 2021. WATCH:
Posted originally on the CTH on March 21, 2023 | Sundance
Not much really needs to be said about this. After all of the effort and thousands of man-hours put into the political weaponized construct by Soros District Attorney Alvin Bragg, a high publicity handcuffed perp walk into a Manhattan courtroom is the ultimate leftist end goal.
According to The Daily Mail, here’s the details for the next several days:
DAILY MAIL – Donald Trump will likely be indicted on Wednesday but won’t appear before a judge in New York until next week, DailyMail.com has learned. ‘There will be no arraignment this week,’ a source familiar with the proceedings told DailyMail.com exclusively on Tuesday.
The former president, who is currently in Florida, is expected to be formally charged tomorrow, after which the Manhattan District Attorney’s office will reach out to Trump and his Secret Service detail to make arrangements for his surrender, according to the insider.
He will then fly to New York where he will be arraigned, fingerprinted, and pose for his mug shot.
Meanwhile, it’s all-hands-on-deck for the New York Police Department and Metro Police Department as all officers on Tuesday are expected to be in uniform, ready for anything in the wake of the potential indictment.
Officials in New York City and Washington, D.C., are preparing for possible unrest and demonstrations following the former president’s plea to his supporters to ‘protest, protest, protest’ in response to a potential indictment handed down by Manhattan District Attorney Alvin Bragg over hush money payments made to porn star Stormy Daniels.
Trump, 76, said last week that he expected to be arrested on Tuesday, but a law enforcement official told DailyMail.com that an indictment would likely happen on Wednesday at the earliest. (read more)
President Biden’s decision earlier on Monday to veto a bill that would have killed a Labor Department rule on environmental, social, and governance (ESG) investing, has effectively seized your pension and expropriated it directing it to invest in this failed green agenda. That is UNCONSTITUTIONAL and there needs to be an immediate class action suit brought against this outrageous agenda.
In the land of the most insane left-wing Democrats, California, CALPERS, the California pension system for state employees, was directed to invest in “GREEN” projects for political reasons and lost big time. They have been trying to cover-up their politically correct investment decisions ever since. Whenever a politician sticks their foot into how to invest money to carry out their own personal political agenda, not only is that UNCONSTITUTIONAL, but it is really criminal. They are expropriating your pension fund for their agenda.
The Takings Clause of the Fifth Amendment to the United States Constitution reads as follows: “Nor shall private property be taken for public use, without just compensation.” In understanding this provision, we must look to the “intent” of the law when enacted. The Clause was intended to uphold the principle that the government should not single out isolated individuals to bear excessive burdens, even in support of an important public good. What Biden and the Democrats have done is so unconstitutional it is no longer funny. Anyone who voted for this act is NOT qualified to be in Congress for they obviously are ignorant of the Constitution which they have sworn to uphold.
The Democrats, to further their climate agenda, have gone way too far. They have violated the Taking Clause and when this happens, the payment of “just compensation” provides a means of removing any special burden. That would be ALL losses incurred by this order are to be borne by the government. The most important statement of this principle is found in Armstrong v. United States 364 U.S. 40 (1960), where the Supreme Court wrote:
“The Fifth Amendment’s [Takings Clause] . . . was designed to bar Government from forcing some people alone to bear public burdens which, in all fairness and justice, should be borne by the public as a whole.”
Only two Senate Democrats voted with Republicans to overturn the rule on March 1st. Sen. Joe Manchin (D-W.Va.) called Biden’s decision “absolutely infuriating” in a statement remarking that the Biden administration is putting its “radical” and “progressive agenda” ahead of the country’s needs.
The point is that this is TOTALLY Unconstitutional. They can no more do that than order everyone must invest in an abortion clinic.
I have mentioned before, we have some of the largest funds in the entire world as our clients. We were actually asked if we could design a “green portfolio” where they did not lose money. A break-even would be fantastic. Biden has now undermined everyone’s retirement savings by making it illegal to consider risk factors that make NO investment sense.
Biden & the Democrats Have NO basis in law to seize your retirement funds to fund their radical leftist agenda! This has gone way too far!
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 