Category China’s Hundred Year Marathon

Aug 16 2022

The Inflation Reduction Act is “Orwellian”


Armstrong Economics Blog/Politics Re-Posted Aug 16, 2022 by Martin Armstrong

Experts have stated that the Inflation Reduction Act will not reduce inflation in any meaningful way. So why is the White House spending $739 billion on this failed act? They have no idea! No Republican voted to pass the act, and the Democrats are yet again spending recklessly without reason.

The Congressional Budget Office analyzed the proposal and found it negligible at best. In fact, the CBO believes inflation could possibly rise in 2023 due to this expensive proposal. Estimates range from the act reducing inflation by 0.1% to increasing it by 0.1%. Furthermore, the Obamacare subsidies will be given to families earning up to $304,000 annually who do not need government handouts. The CBO also found that the 15% corporate tax minimum within the proposal will hurt businesses and prevent them from expanding.

“When you look at your next paycheck, remember that the Democrats voted to spend $740,000,000,000 of your hard-earned money to double the size of the IRS and to pay for their reckless tax & spending spree,” Senator Thom Tillis tweeted. So why is the White House expected to pass this legislation?

ABC News anchor Jonathan Karl questioned clueless White House Press Secretary Karine Jean-Pierre. “But let me ask you, it’s called the ‘Inflation Reduction Act,’ but the Congressional Budget Office, which is nonpartisan, said that there would be a negligible impact on inflation this year and barely impact inflation at all next year, isn’t it almost Orwellian?” Karl asked. “How can you call it inflation reduction when the nonpartisan experts say it’s not gonna bring inflation down?”

Jean-Pierre did not have an answer. She simply stated that the proposal is “making sure that billions in corporate America are paying their fair share.” We know from data that the IRS will target everyone and has historically gone after lower-income Americans. Another Democrat-backed reckless spending bill that taxpayers will pay for without ever having the opportunity to cast a vote.

Aug 16 2022

Wyoming and Alaska Primary Elections Tomorrow – Liz Cheney and Lisa Murkowski Face MAGA Challengers


Posted originally on the conservative tree house on August 15, 2022 | Sundance

One-way voters in Wyoming and Alaska could sound a resounding message of support for President Trump would be to succeed in the primary challenges to Liz Cheney (U-Wyoming) and Lisa Murkowski (U-Alaska) on Tuesday.

WASHINGTON – Cheney faces daunting prospects in her effort to fend off the Trump-backed Harriet Hageman, increasingly looking at a life beyond Capitol Hill that could include a possible presidential campaign. Murkowski, however, is expected to advance from her primary and is already planning to compete in the November general election.

The anticipated outcomes at least partially stem from the nuanced politics of each state. Wyoming is a Republican stronghold, delivering Trump his strongest victory of any state in the 2020 campaign. Alaska, meanwhile, has a history of rewarding candidates with an independent streak.

But Murkowski enjoys an additional advantage in the way elections are being conducted in Alaska this year. Winner-take-all party primaries, like the one Cheney is facing, have been replaced by a voter-approved process in which all candidates are listed together. The four who get the most votes, regardless of party affiliation, advance to the general election in which ranked voting will be used.

Murkowski benefits from avoiding a Republican primary, “which she would have had a zero percent — I mean zero percent — chance of winning,” said Alaska pollster Ivan Moore.

Murkowski has 18 challengers in her primary, the most prominent being Republican Kelly Tshibaka, whom Trump has endorsed. (READ MORE)

Aug 16 2022

North Korea Forms Alliance with Russia


Armstrong Economics Blog/War Re-Posted Aug 16, 2022 by Martin Armstrong

On Korea’s liberation day, President Vladimir Putin responded to Kim Jong-Un’s request to join the fight in Ukraine. In a letter to the North Korean dictator, Putin said North Korea had been a friend to Russia since Japan’s defeat during World War II. Kim is calling for “strategic and tactical cooperation, support and solidarity” between the two nations, and Vladimir agrees that it would be in the best interest of both parties.

Putin is seeking to “expand the comprehensive and constructive bilateral relations with common efforts” with the hermit kingdom. North Korea needs Russia and China to survive. In 2011, Kim J0ng-Un’s father, Kim Jong-il, visited Russia and negotiated a contract to send North Korean workers to Russia. US sanctions were intended to reverse this proposal but it was largely ignored. Both Russia and North Korea have been banished from doing business with the West entirely, so all bets are off.

This arrangement is certainly more beneficial for North Korea as it is desperate for allies. The move will undoubtedly anger the West, but this is the result of failing to hold diplomatic talks with Russia and imposing endless sanctions.

Aug 16 2022

Desperate Times in Lebanon


Armstrong Economics Blog/Corruption Re-Posted Aug 16, 2022 by Martin Armstrong

Desperate times drive people to desperate measures. A Lebanese man made international headlines after holding 10 people hostage in a seven-hour standoff with authorities before surrendering. This man was not attempting to steal from the bank and had no intention of harming anyone. He is a victim of Lebanon’s economic catastrophe, and this is a very sad story of what can happen when banks fail.

Lebanese banks have placed harsh limits on withdrawals since 2019. The man, who entered the bank with a gun and gasoline, was pleading for $35,000 of his own money in order to pay for his father’s healthcare.

The Lebanese lira declined by over 90% against the USD. The country’s GDP fell to $20.5 billion in 2021, and real GDP per capita declined 37.1%. The World Bank deemed the crisis a “deliberate depression” that was “manifested by a collapse of the most basic public services; persistent and debilitating internal political discord; and mass brain drain.” Inflation in Lebanon reached 210.08% in June, and the lira is utterly worthless. Food prices have spiked 332.35%, transportation 462.4%, and housing by 132.38%.

Billionaire Prime Minister Najib Mikati, one of the richest men in the Arab world, has done nothing to help the people. Time has run out for Lebanon, and the people need a complete political transformation to regain any quality of life.

Aug 16 2022

FBI Seized President Trump Passports During Raid on Mar-a-Lago


Posted originally on the conservative tree house on August 15, 2022 | Sundance

Earlier this afternoon President Donald Trump revealed yet another shocking piece of information related to the FBI’s raid of his private residence in Mar-a-Lago.  Sharing in a post written on Truth Social President Trump notes, “In the raid by the FBI of Mar-a-Lago, they stole my three Passports (one expired), along with everything else. This is an assault on a political opponent at a level never seen before in our Country. Third World!”

The unprecedented DOJ and FBI assault against President Trump continues.  President Trump gave an interview to Fox News to discuss:

(Via FOX) – […]  In an exclusive interview with Fox News Digital on Monday morning, his first since the raid, Trump said he had his representatives reach out to the Justice Department to offer to help amid outrage over the FBI’s unprecedented raid on his private residence last week, in which agents seized classified records, including some marked as top secret. Trump is disputing the classification of those records, saying the records have been declassified.

“The country is in a very dangerous position. There is tremendous anger, like I’ve never seen before, over all of the scams, and this new one — years of scams and witch hunts, and now this,” Trump said.

“If there is anything we can do to help, I, and my people, would certainly be willing to do that,” Trump said.

“There has never been a time like this where law enforcement has been used to break into the house of a former president of the United States, and there is tremendous anger in the country — at a level that has never been seen before, other than during very perilous times,” Trump said.

Trump told Fox News that his team “has not heard yet” from the Justice Department on whether they will accept his offer for help.

“I think they would want the same thing — I’ve never seen anything like this,” Trump said. “It is a very dangerous time for our country.”

He added: “I will do whatever I can to help the country.”

Trump, reflecting on the “years of fake witch hunts and phony Russia, Russia, Russia schemes and scams,” said that “nothing happens to those people who perpetuate that — nothing happens with them.”  (read more)

Aug 15 2022

Argentina Raises Interest Rate to 69.5%


Armstrong Economics Blog/Socialist Re-Posted Aug 15, 2022 by Martin Armstrong

Argentina is out of options. I reported on the ongoing widespread protests occurring across the country. The majority of the nation is unemployed, and the currency is basically worthless. The people can no longer rely on the socialistic promises as the government is unable to fund its programs. Basic necessities are no longer available, and the people are suffering.

After inflation reached 60%, the nation decided to stop printing money entirely. The central bank just voted to raise the benchmark rate by 950 bps to 69.5%. Inflation now sits at 71% after prices rose 7.4% in July.

Estimates state that inflation could reach 90% in Argentina by the end of the year. The government has run the economy into the ground, 6 feet under, and it will need a complete overhaul for the people to begin living comfortably again.

Aug 15 2022

Romania Gifts Moldova One Million Potassium Iodide Pills


Armstrong Economics Blog/War Re-Posted Aug 15, 2022 by Martin Armstrong

The world is preparing for the worst – a nuclear disaster. Romania gifted Moldova one million pills that protect against radioactivity due to fighting near the Zaporizhzhia power plant in Ukraine. Russia has control of the plan but claims it will not begin a nuclear war. Still, the Commission for Exceptional Situations of Moldova is distributing potassium iodide pills to citizens as a precaution.

The pill is supposed to prevent the thyroid from absorbing radioactive iodine and must be taken within 24 hours of exposure.

Romania has personally distributed 30 million potassium iodide pills to its citizens. Romania’s Minister of Health, Alexandru Rafila, is urging everyone under the age of 40 to pick up their tablets. “There is more demand, less demand, I don’t know to tell you. But now, perhaps as things get tense in Ukraine, demand is likely to increase. But family doctors must issue a prescription to those who need to receive potassium iodide.” He added.

Romanian doctors expressed disappointment as citizens immediately panicked and rushed to obtain these pills. The fear of a potential nuclear disaster is now embedded in the minds of many Eastern Europeans.

Aug 15 2022

Something Smells About the Raid of Trump


Armstrong Economics Blog/Corruption Re-Posted Aug 14, 2022 by Martin Armstrong

Back in October 2020, Trump issued had issued a major declassification order for every Russiagate document. He also included every former Secretary of State Hillary Clinton document to be declassified. Sources in Washington suggest that the National Archives is playing politics and has ignored the declassification of all the RussiaGate documents. The raid of Trump appears to be a move to protect the full disclosure of what took place under RussiaGate. This may get far worse if the true scope of the seized documents ends up being revealed. Let’s see what surfaces. The president has the power to declassify any document. This is raising serious questions as to what is going on at the National Archieves.

Aug 15 2022

Sunday Talks, Devin Nunes and Kash Patel Discuss the FBI Raid on Trump and DOJ Targeting 4.0


Posted originally on the conservative tree house on August 14, 2022 | sundance 

It’s likely the most important interview this Sunday, ergo Fox News -in an effort to support the overall agenda- doesn’t put it on any of their replay media. The scheme against our republic is so tentacled there are no corporate media out of alignment.  The anti-Trump/anti-MAGA effort doesn’t just stem from ideological communists and leftists, the republican apparatus is 100% part of the enterprise.  Don’t fool yourself, we have yet to see the full scope of the enemy.

If you think masks dropped in the past 6 years, we are only about 60% of the way there…. Many more masks will be dropping and some of them are likely to stun people. Decades of entrenched Machiavellian club manipulation, and years of coat tailing the base by left-wing republicans, has yet to surface.  Remember, two-thirds of the iceberg are hidden under water. [Direct Rumble Link Here]

In this interview Devin Nunes lays out the history of DOJ and FBI corruption under Obama, the originator of the modern Fourth Branch of Government.  Nunes accurately points out the continuum of the DOJ/FBI corruption, but missed one element, the formation of the DOJ-National Security Division. That’s where it all starts.

From Eric Holder and Robert Mueller’s, Fast n Furious gun running operation (08/’09); to the DOJ use of the IRS for targeting (Lois Lerner, Eric Holder ’10, ’11); to the 19 days it took the FBI to reach Benghazi (’12); to the DOJ/FBI using NSA databases for surveillance (2012-2016); to the Crossfire Hurricane operation (Yates/Lynch ’16); to Robert Mueller resurfacing (’17, ’18, ’19); to the DOJ targeting Trump now (’20, ’21, ’22); it has all been one long continuum since the DOJ-NSD was formed.  WATCH:

Kash Patel then overlays the people who use the weaponized DOJ-NSD to create the “ongoing investigation” document blocks.  Including, John Carlin, Mary McCord, Lisa Monaco (DOJ-NSD); as well as Jake Sullivan and Susan Rice (White House).  Again, same names in Obama administration, exit then return with Biden administration; it’s the same continuum.

This was the reason for writing the four-part series outlining the network:

♦Part One outlines the background of the modern Deep State, and the formation of the DOJ-NSD {Go Deep}.

♦In Part Two you see the specifics of how President Trump was targeted by political operatives using the DOJ-NSD {Go Deep}. 

♦In Part Three you see how and why President Trump was blocked from releasing documents against the DOJ-NSD {Go Deep}.   

♦And in Part Four, we outlined exactly what those specifics documents are that likely existed in Mar-a-Lago. {Go Deep}

Everything I research, write and share is free for the taking.

Download it into a pdf form, modify the internal citations as footnotes, proofread, add, subtract, modify it, change the language, simplify it, do whatever you want to make it your own in whatever format suits your needs. No attribution or citation is needed.

This is a battle to save our nation from a corrupt enterprise. I put no parameters on any tool or intellectual weapon you may find of benefit. That just isn’t me.  Those who have been around a while know where I stand…. which is right next to anyone who is in the fight.  Getting the message out is the urgent and important part; how it arrives, is of no issue for me.

We are not on a last hill; we are far beyond that.  We are on the precipice.

It would be against every intent of the Treehouse for me to put limits on any information that might help.

Love to all and abundant appreciation for most,

Sundance

Aug 15 2022

Sunday Talks, Representative Scott Perry Discusses His Encounter with a Tyranical DOJ


Posted originally on the conservative tree house on August 14, 2022 | sundance

Representative Scott Perry, R-Penn., appears with Maria Baritomo to discuss his experience with the FBI after agents confiscated his cell phone. Additionally, Mr Perry discusses the Biden administration’s handling of national security issues including China, Iran and the U.S-Mexico border. {Direct Youtube Link}

.