Category Corrupt Oligarchics

Aug 26 2022

US Embezzles an Additional $3 Billion to Ukraine


Armstrong Economics Blog/Corruption Re-Posted Aug 26, 2022 by Martin Armstrong

America has pledged to embezzle (donate) another $3 BILLION into Ukraine. The Associated Press claims that this money will be used for equipment and training Ukrainian troops. Additional NATO countries are also offering additional funds, such as Germany who pledged an additional $500 million to the proxy war. Yet, America is donating more money than any other NATO country to a non-NATO country. How does this benefit American taxpayers? Answer – it does not. It steals resources from our nation as the average American grapples with record-high inflation amid a recession that is expected to worsen into next year.

This is taxation without representation. Joe Biden is not reaching into his personal wallet to funnel money into Ukraine. The defense contractors, US and Ukrainian governments are finding a way to line their pockets with these large “donations.” America has already sent 19 packages of weapons from the Defense Department’s arsenal to Ukraine. So far, the US has sent $10.6 billion to Ukraine to fund what many are calling the new “forever war.”

The last US census stated there were 123.6 million households in the US. At $13.6 billion total, this means that every household in the nation could have donated $110 directly to Ukraine. Zelensky is basking in the funding and fame. He has indicated that he intends to provoke Russia and worsen relations. He originally wanted to protect the Donbas region, but now he also wants Crimea to be fully within Ukraine. There is no winning this war as it has become too profitable for the people behind the curtain.

Aug 26 2022

Biden’s Student Loan Forgiveness Bribe


Armstrong Economics Blog/Education Re-Posted Aug 26, 2022 by Martin Armstrong

While many are praising Biden for maintaining his campaign promise to cancel student debt, others are furious that the costs will be passed on to the taxpayers. Even Mitt Romney accused Biden of bribing voters before the midterms. “Biden’s student loan forgiveness plan may win Democrats some votes, but it fuels inflation, foots taxpayers with other people’s financial obligations, is unfair to those who paid their own way & creates irresponsible expectations,” the perhaps most liberal Republican senator wrote on Twitter.

Under the plan, borrowers earning under $125,000 annually will receive a $10,000 debt cancelation, while Pell Grant recipients will see a $20,000 reduction. The Penn Wharton School conducted a study in which they believe this program will cost the average taxpayer $2,000. The study found:

"We estimate that a one-time maximum debt forgiveness of $10,000 per borrower will cost around $300 billion for borrowers with incomes less than $125,000. This cost increases to $330 billion if the program is continued over the standard 10-year budget window. Eliminating the borrower income limit threshold produces a 10-year cost of $344 billion. Increasing the maximum amount forgiven to $50,000 per borrower increases the total cost to as much as $980 billion."

Yet, this does nothing to prevent predatory lending, albeit dismissing some interest on loans. This does not reinstate Glass Stegall, the provision that Bill Clinton erased to make student debt non-dischargeable in the case of bankruptcy. In fact, Clinton’s top financial advisor, Larry Summers, believes that this measure will increase inflation. “It consumes resources that could be better used helping those who did not, for whatever reason, have the chance to attend college. It will also tend to be inflationary by raising tuitions,” Summers wrote on his Twitter page. He also warned against continuing the moratorium of benefits expected to last until the end of the year.

Some state that we should be happy for those who are receiving relief, but the true culprits are the predatory lenders offering asinine interest rates and the universities that continually raise their fees. It also causes a disconnect between classes as those who chose trade school or blue-collar roles to avoid college fees will not be too fond of this initiative. It certainly will not help America’s plea to recruit more military personnel either. This is a temporary solution to a deeper problem.

Aug 26 2022

The Inflation Reduction Act – A Change We Don’t Believe In


Armstrong Economics Blog/Inflation Re-Posted Aug 26, 2022 by Martin Armstrong

President Biden agreed to waste billions on the Democrat-supported Inflation Reduction Act. According to a survey of 1,500 Americans as presented by the Epoch Times, neither Democratic nor Republican citizens believe this expensive act will combat rising prices.

Respondents were asked if they believed that the bulk of the package, the $369 billion set aside for climate change initiatives, would reduce inflation. Only 13% said they believed fighting climate change would combat inflation, while 26% admitted they had no clue. Yet, 38% replied by saying it will increase inflation, and an additional 22% think it will have no impact.

Only 8% of Republicans polled agreed with the act (no voting Republican lawmakers supported the measure), while 23% of Democrats were in favor. Around 68% of Republicans warned that the bill would increase inflation; 40% of Independents agreed, as did 17% of Democrats.

This leads one to believe that the measure would never have passed if the taxpayers had the opportunity to vote on how their money was spent. The Congressional Budget Office admitted that the measure would have a negligible effect on inflation. Currently, American households are paying an additional $717 per month due to inflation. This act will only cause Americans to be treated as criminals by the growing and armed IRS, which is training to use lethal force against civilians. Audits will soar, small and medium businesses will suffer, and no one besides those supporting the Green agenda will benefit from the Inflation [Expansion] Act.

Aug 26 2022

Study, No Quantifiable Benefits from COVID Treatment Drug Paxlovid for People Aged 40 to 65


Posted originally on the conservative tree house on August 25, 2022 | Sundance 


In April 2022, the Biden administration ordered 20 million doses of Pfizer’s antiviral Covid-19 treatment called Paxlovid.

Now a study published in the New England Journal of Medicine shows the medication shows “no measurable benefit” for the treatment of COVID-19 in patients 40 to 65-years of age.

WASHINGTON — Pfizer’s COVID-19 pill appears to provide little or no benefit for younger adults, while still reducing the risk of hospitalization and death for high-risk seniors, according to a large study published Wednesday.

The results from a 109,000-patient Israeli study are likely to renew questions about the U.S. government’s use of Paxlovid, which has become the go-to treatment for COVID-19 due to its at-home convenience. The Biden administration has spent more than $10 billion purchasing the drug and making it available at thousands of pharmacies through its test-and-treat initiative.

The researchers found that Paxlovid reduced hospitalizations among people 65 and older by roughly 75% when given shortly after infection. That’s consistent with earlier results used to authorize the drug in the U.S. and other nations.

But people between the ages of 40 and 65 saw no measurable benefit, according to the analysis of medical records. (read more)

“Huh, imagine that”…

Aug 26 2022

Two Florida Residents Plead Guilty in Federal Court in New York to Stealing Ashley Biden Diary


Posted originally on the conservative tree house on August 25, 2022 | Sundance 

The reason the FBI raided the home and office of Project Veritas founder James O’Keefe, was to discover the source of the Ashley Biden diary.  The feds then went to work on prosecuting the suspects who “stole” the diary, and a guilty plea in New York was entered today.  [Ashley in green shirt below]

[Creepy Joe] Look carefully, everything about this narrative presentation by national media is sketchy; including two Florida residents being prosecuted in New York, when the claimed illegal action, the theft,” took place in Florida.

Also, the “stolen” goods aspect is suspect, despite the plea.  As previous wide-spread discussion outlined, the Ashley Biden material was left behind in a rental home and discovered by the next occupant.  It looks like the admission of “theft” is a Main Justice pressure angle to support a “stolen” narrative.

The Florida residents, Aimee Harris and Robert Kurlander, plead guilty to “conspiracy to commit interstate transportation of stolen property.”  The creepy and disturbing content of the diary is now obscured.

(New York) – […] The president’s daughter, Ashley Biden, had stored the items in question (including a “highly personal” diary, “tax records, a digital storage card containing private family photographs, and a cellphone, among other things”) in a Florida home where Harris later took up temporary residence, Fox News summmarizes, per court documents. Harris then reportedly stole the items, and asked Kurlander to help her sell them.

Kurlander’s plea deal also includes cooperating with the Justice Department’s investigation into how Project Veritas obtained the diary, notes The New York Times. The conservative group maintained in a statement that their “news gathering was ethical and legal.”

“I know what I did was wrong and awful, and I apologize,” Kurlander said in court. “I sincerely apologize for any actions and know what I did was illegal,” Harris added. (read more)

Aug 26 2022

DOJ Submits Proposed Redactions for Mar-a-Lago Raid Affidavit


Posted originally on the conservative tree house on August 25, 2022 | Sundance

The DOJ had until noon today to submit their proposed redactions to the search warrant used in the Mar-a-Lago raid in order for the documents to be made public.  Highlighting the effort of Main Justice to delay any sunlight, the DOJ waited until the last moment to submit their filing.

With the DOJ submission in hand, Florida Magistrate Judge Bruce Reinhart will now review the proposal and decide which, if any, parts of the affidavit will now be released to the public.   Judge Reinhart was the judge who originally signed-off on the search warrant.  It is likely he will go along with the redactions, although there is a slight possibility, he may propose an alternative.

Lawyers for media have requested the full unredacted release of the affidavit, and representative of President Trump have also requested a full unredacted release.  Unfortunately, that scenario is extremely unlikely.

Aug 25 2022

Democrats discuss hunger problem in US


One America News Network Published originally on Rumble on August 24, 2022

House Speaker Nancy Pelosi and others gathered in San Francisco to discuss the issue of hunger in the US. One America’s James Meyers has more.

Aug 25 2022

Tucker Carlson Interviews Ron DeSantis After Massive Wins in Florida Primary Races


Posted originally on the conservative tree house on August 24, 2022 | Sundance

Fox News host Tucker Carlson interviews Ron DeSantis following the Florida primary election on Tuesday. Governor DeSantis notes the excellent statewide results from schoolboard races that were a big part of his focus for the primary season.

Governor DeSantis will now head into the November election facing former Florida Governor Charlie Crist. WATCH:

https://youtube.com/watch?v=r8v_13JlG08%3Ffeature%3Doembed

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Aug 25 2022

Horrific Biden Consequence, 20 Million American Households Behind on Electricity Bills, Pending Shutoff


Posted originally on the conservative tree house on August 24, 2022 | Sundance

Long-term CTH readers might remember in 2014 when President Obama claimed U.S. families had been paying too little for electricity for too long.  As soon as Joe Biden took office, he began implementing the Green New Deal energy policy that, (a) directly forces higher costs for energy; and (b) is now creating massive problems.

In July I noted my own electricity bill had jumped 28% in a single month.  That bill was followed by another almost identical increase this month.  A review of the Consumer Price Index (CPI) for July [Data Here] shows that nationally the same thing is happening.  The year-over-year electricity price has increased 15.2%. However, worse still, the July increase alone was 1.9%, which figures to an annualized rate of 22.8%.

When the growth rate of monthly increase is exceeding the year-over-year result, that means future higher prices are coming.  This is a serious problem that cannot be overstated. Already struggling with a doubling of gas prices, massive food price increases at the grocery store and the pain of all costs for goods far outpacing any rate of wage increase, this type of uncontrollable increase in price of electricity is going to hit the middle class hard.

Steve Cortes calls this the backside of the Biden created inflation hurricane.  The backside of a hurricane is the worst because it hits from the opposite direction upon already weakened infrastructure.

The hurricane metaphor is apt because any increase in energy costs will be accompanied by the simultaneous arrival of another wave of food inflation, as the massive increases in field and crop prices start to feed into the food supply chain headed to our forks next month.

Making matters that much worse, Bloomberg is now reporting that 20 million households are now behind in their utility bills, specifically electricity bills, and the moratorium on shut offs has ended.  [Paywall Article]  Steve Cortes has written about the issue on his substack [Here].

One in six U.S. households, that is tens-of-millions of Americans, are now facing having their electricity turned off due to lack of payment.  It is certainly understandable how this horrific outcome would happen. Joe Biden’s energy policies are destroying working class families with unsustainably higher prices.

20 million households is a catastrophic level of utility default.  This is a serious issue with major social implications created by the desperation of those families.  Middle- and lower-income families cannot survive this level of financial pressure.

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Rents are behind. Mortgages are behind.  Car payments are behind. And now this report on utility bills.

Steve Cortes appeared with Steve Bannon to discuss {Direct Rumble Link} – WATCH:

Aug 25 2022

Joe Biden Claims He Had No Advance Notice of FBI Raid on Donald Trump Home, None, Zero, Not One Little Bit


Posted originally on the conservative tree house on August 24, 2022 | Sundance

Earlier this afternoon Joe Biden was questioned about how much notice he had regarding the FBI raid on President Trump’s home at Mar-a-Lago in Florida.

Question: “Mr. President, how much advanced notice did you have of the FBI’s plan to search Mar-a-Lago?“

BIDEN: “I didn’t have any advanced notice. None, zero, not one single bit.”

{Direct Rumble Link} – WATCH:

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