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.
South Africa is desperate for allies, economic allies. The country is failing and the people are suffering. There is international outrage right now misdirected at South Africa for its desire to host the Bric summit with Russia, China, Brazil, and India. The International Criminal Court (ICC) wants to arrest Putin for his war crimes, and President Cyril Ramaphosa is defending his position to invite Putin before the invitations for the event have even gone out. I warned that countries who were previously banned from discussions at the big table would turn to China and Russia for support since the West has abandoned them. “What about Ukraine!” the media cries. Well, what about South Africa? No one comments that the conditions in South Africa are WORSE than in Ukraine during an active war.
South Africa was in a bad spot economically long before COVID. GDP grew by a mere 1% between 2012 and 2021, according to the World Bank. The nation’s entire infrastructure is crumbling, and the power grid is on the verge of complete failure. Blackouts are common, and many blame state-owned power plant Eskom which routinely cuts off the power grid to produce “rolling blackouts” to conserve power. These “rolling blackouts” can last over 12 hours. This affects fuel availability, phone and internet coverage, traffic lights, power to hospitals, etc. It also limits the availability of food and water. Crime is more prevalent during blackouts as there are no cameras or security systems. Rape and crimes against women are disgustingly common. Civil unrest is so prevalent that the president issued a “state of disaster” warning on February 9, long after the situation became irreparable.
(click on the image for higher resolution)
Statistics vary but there are about 82 murders per day in South Africa. The South African Police Service reported 7,555 murders from October to December 2022. As you can see from the chart above, crime is rapidly escalating. People are murdering farmers and anyone with a surplus of food. “Most murders take place in a public place, such as a street or an open field or a parking area – or at the residence of the victim (including places known to the victim or perpetrator),” Business Tech reported. “The Purge” is essentially taking place in South Africa right now.
So what is the world police doing about this situation since they care so much about helpless nations? Nothing. The US government issued a warning that Eskom’s power grid will collapse.They are warning that there will be no water, sewage pumps, or fuel, and the nation will effectively come to a standstill. Eskom said that in the “best case scenario,” it would take 6 to 14 days to restart the power grid. Experts believe it will take longer if they can manage to restore the power at all. “What’s left after a blackout would be what was left after a civil war,” an anonymous source said.
Poverty and the ongoing conflict have destroyed South Africa. The media would like people to believe that the nation is an enemy of the West because it is remaining neutral in the Russia-Ukraine conflict. How exactly is it supposed to offer any aid when its own people are starving? The West even had the audacity to ask South Africa to support the climate change agenda, as if they have access to stable energy. One can only hope that the Bric summit is permitted this year and Xi and Putin can offer aid to South Africa’s people.
The Biden Administration is responding to the panic phone calls that their Marxist philosophy will bring down the entire financial system. My ear is red as can be. I have had enough of the phone calls today to last the balance of the month. Trying just to do the right thing! Three banks have effectively gone down in the week of March 6th, which our computer was targeting. There have been Silicon Vally Bank, Signature Bank, and Silvergat Bank.
The Regulators perhaps saw the handwriting on the wall. This NO BAILOUT claiming that no taxpayer money will be used for a bailout of their hated rich, how about just using the taxpayer’s money you are throwing down the train in Ukraine? Depositors in Signature and SVB they are now saying would be made whole. If they do not cover ALL deposits, the monumental banking failure will be catastrophic.
Our forecast for a Banking Crisis is by NO MEANS confined to the United States. It will be far worse in Europe. We can see our computer not only targeted 2023 for a key turning point with a Directional Change but a Panic Cycle next year in bank stocks, but interest rates will be rising higher as also the risk of banks and governments escalated especially when they insist on waging war against Russia.
The yield curve is critical and we must understand that this insane war against Russia, even economically, will be a major financial disaster not much different from Vietnam which brought down Bretton Woods and forced Nixon to close the gold window on August 15th, 1971. It was that unrestrained spending directed by the Neocons. Then too, it was all about Russia they assumed was behind Vietnam.
Once more, the reckless spending on war promoted by the Neocons is undermining the entire economy. They have lost every war they have promoted – Vietnam, Afghanistan, Iraq, proposed Syria, Libya regime change, and now Ukraine. These people are never held accountable for all the devastation and the lives lost.
War is the primary driver of inflation and the central banks will not even address it for they do not want to “criticize” the Neocons. They might wake up with their dog’s head in the bed as in the Godfather. The central banks will NOT be able to contain this inflation or ever reach their 2% target regardless if the economy turns down just as what happened during Vietnam.
This is a warning to all small banks. Understand the REAL trend or you will NOT survive. Major capital is fleeing the long-term and rising into the short-term because they see rates are rising and any long-term bond investment during a period of war is going to be a major losing trade. Do not get trapped by the yield curve and understand that this trend is in play into 2025.
This Banking Crisis has been caused by Governments who artificially kept interest rates too low since 2008 and in the process, this banking crisis is unfolding because too many banks are UNSOPHISTICATED in forecasting and have been listening to the talking heads on TV and the desperate hope that inflation will decline while ignoring Ukraine entirely. Get that wrong – and you will NOT survive.
I strongly urge small banks to take our business services for access to real forecasting that is not biased or tarnished by human opinion with the two most dangerous words in forecasting:
COMMENT #1: Marty; Thank you so much for your warning at the WEC that we would now face a banking crisis with rising rates into 2024. You are always so far ahead of the pack. Live forever – please!
KQ
REPLY #1: Thank you, but that would sentence me to perpetual taxation indefinitely. No thanks.
COMMENT #2: Hello. I read your FREE blog because I am poor. Would you please stop posting PRIVATE stuff and post stuff that us peons can read?
Thank you kindly.
Ms. Terri
REPLY #2: My concern is since we forecast this last year, they will only blame me. That blog is only $15 a month, but it is blocked by Google so it is more free speech if you get my drift. I simple MUST be guarded in what I say publicly because they simply always view me as having too much influence.
I will offer this recommendation (publicly) for my ear is turning red from all the phone calls. As for the Biden Administration, if they DO NOT heed my warning, our forecast will be devastating. The Biden Administration MUST stand behind ALL deposits – not the $250,000 FDIC limit. If they do not, small businesses will pul; excess cash from banks, switch to 30-day T-Bills at a brokerage house, and say screw the FDIC and the Biden Administration’s anti-rich (small business which employs 70% of the workforce).
The compromise here is that we need a shotgun wedding where a larger bank takes over SVB at the raw price of the deposits. The shareholder loses, but ALL depositors are covered. Any value of the shares should be attributed to tangible assets only, not goodwill. You will penalize your “hated rich” and even the small businesses will be saved. If not, you will wipe out numerous businesses that cannot even pay employees. That will set off a contagion as you try to uphold your hatred of the “rich” while you pour money into the most corrupt government in the world at the real expense of taxpayers.
Of course, SVB can simply declare they “identify” as a Ukrainian Bank and then everything would be covered right down to the pensions of the CEO.
Posted originally on the CTH on February 28, 2023 | Sundance
Everything about the progressive worldview of control is connected; the trick is to identify the priority that forms the motive of the connection. In the example of U.S. involvement in assisting the control efforts of Nigerian progressives, the priority is energy and the climate change agenda.
Georgia’s twice-failed leftist gubernatorial candidate, Stacy Abrams, joins the globalist cause in seeking to “assist election efforts” in Africa’s oil rich nation of Nigeria.
If you have followed the geopolitical bouncing ball, you will likely have context for the priorities of western political leadership as it pertains to controlling African democracies.
The larger picture is the World Economic Forum and the Western Leadership alignment to control energy development in the African continent. In addition to vast mineral deposits, there are oil and natural gas interests.
You might remember last year when the G7 were debating geopolitical policy. Some in the EU and western alliance said let the brown people die, climate is more important. Others were saying, if they allow mass starvation just to retain the WEF climate ideology, they may lose influence in the world.
The debate was raging, as noted by Reuters: “the European Union is divided on how to help poorer nations fight a growing food crisis and address shortages of fertilizers caused by the war in Ukraine, with some fearing a plan to invest in plants in Africa would clash with EU green goals.” As the argument unfolded, “the EU Commission explicitly opposed” any effort to enhance African fertilizer development, “warning that supporting fertilizer production in developing nations would be inconsistent with the EU energy and environment policies.” {link}
ABUJA (Reuters) -Nigeria’s ruling party candidate Bola Tinubu has an unassailable lead in a disputed presidential election held over the weekend, a Reuters tally of provisional results from all 36 states and the federal capital Abuja showed on Tuesday.
Tinubu of the governing All Progressives Congress (APC) of outgoing president Muhammadu Buhari got about 35% of the vote, or 8.2 million votes, followed by Atiku Abubakar of the main opposition People’s Democratic Party (PDP), who took a 30% share, or 6.9 million votes.
Peter Obi of the Labour Party [the Nigerian Trump], an outsider popular with the youth and educated voters, got 26% of the vote, or about 6.1 million votes.
Nigerian electoral law says a candidate can win just by getting more votes than their rivals, provided they get 25% of the vote in at least two-thirds of the 36 states and Abuja, which Tinubu also managed to do.
Tinubu’s potential victory extends the APC’s grip on power in Africa’s top oil producer and most populous nation, though he inherits a litany of problems from Buhari.
Nigeria is struggling with Islamist insurgencies in the northeast, armed attacks, killings and kidnappings, conflict between livestock herders and farmers, cash, fuel and power shortages and perennial corruption that opponents say Buhari’s party has failed to stamp out, despite promises to do so.
Opposition parties rejected the results as the product of a flawed process, which suffered multiple technical difficulties owing to the introduction of new technology by the Independent National Electoral Commission (INEC) and on Tuesday called on its chairman Mahmood Yakubu to resign.
Tinubu asked voters to elect him on his track record during his two terms as Lagos state governor at the turn of the century, during which he managed to reduce violent crime, improve the city’s traffic jams and clean up rubbish.
The 70-year-old has, however, sometimes appeared frail in public, slurring his speech and answering questions with platitudes, and skipping several campaign events, leaving some to doubt how effective he would be.
Obi’s campaign attracted young people and urban, more educated voters fed up with corrupt politics of the past, the two parties that have represented it since the end of military rule in 1999 and old men who have tended to dominate them.
OPPOSITION CRIES FOUL
Both the PDP and the Labour Party as well as the smaller opposition ADC rejected the results.
“The results being declared at the National Collation centre have been heavily doctored and manipulated and do not reflect the wishes of Nigerians expressed at the polls,” they said in a joint statement. (read more)
Ultimately, from the position of the western alliance, it’s all about control. Domestically, or extended into U. S foreign policy, the outlook is exactly the same, “CONTROL.” Controlling elections, ultimately controlling who is installed such that globalist policy is maintained, the western alliance and WEF priority.
Stacy Abrams in Nigeria or Jeff Flake in Zimbabwe, the intentions are exactly the same. Globalists must be installed, and economic nationalists must not hold power.
As it appears the US is marching toward war, what is notable this time, unlike what happened in the run-up to US participation in WW2, was the sense of isolationism in this country. Roosevelt was clearly walking a fine line, knowing there was no stomach for US involvement in Europe. US involvement in WW1 also started out similarly with many in the US, in particular those of Irish descent who opposed helping the British in their battle in Europe. Wilson, another Democrat, also walked the straight and narrow, professing neutrality which history shows was a lie. Later, his 14 points, the forerunner to an imposed peace on Germany, would backfire. The League of Nations would die off.
But today, unlike the prior two world wars, both democrats and republicans appear to embrace an escalation in conflict. And with an old, decrepit mannequin in the WH, it looks like there’s nothing stopping this push toward war. Republicans especially are a total disgrace. They stabbed Trump in the back repeatedly or let him twist in the wind for 4 years and for the first two when they were the majority party…did little to show their one chance to lead. Trump did more for peace than any president since Kennedy. Trump at least tried to engage Xie, met with the North Korean leader and focused more on building up the US domestic economy. He tore up US participation in these climate pacts. He focused on building the wall to stem the flow of illegals crossing the border. Her met with the Mexican president and forced his counterpart to accept an arrangement that kept illegals inside Mexico pending and petitions later to the US government for entry based on their applications. And for all this, he was the target for a fraud based on collusion to get elected with Russian help. Which turned out to be baseless. Later, he was implicated in the Jan 6 insurrection…courtesy of both parties. Which itself was a total fabrication.
Both Dems and R’s are now marching lockstep toward war. It’s no wonder public opinion toward the government is sinking to all-time lows. In both parties. Both of which will be swept away in the years ahead for betraying this country on so many levels.
MS
REPLY: Hillary, started this whole mess by launching the fake dossier and blaming Putin for interring in the election. She managed to convince 70% of Democrats that Russia was the enemy. RussiaGate, despite being discredited, set in motion this hatred for Russia. Still, 65% of Americans support Ukraine when in fact what they are doing is relying on a border drawn by Kruschev for administrative purposes and demanding that the Donbas is their territory when NEVER for even a single day have Ukrainian people ever been the majority in that region. This is a land grab and nothing more that is engulfing the entire world all because our idiot politicians want to destroy the world economy so they can blame it on war and default on all the debt.
I get hate mail and death threats from Ukrainian Nazis pretty regularly now. This only shows that we are historically on the wrong side. In WWII, we fought against the Nazo movement. This time, we support ethnic cleansing.
Americans fled here to escape the political chaos and warmongering in Europe. So when WWI and WWII took place, the American people saw no reason to go support a political movement that they had fled. Indeed, FDR’ solemn campaign promise was no boys would be sent to fight in a foreign war. That is why he did everything possible to get Japan to attack Pearl Harbor for that was the ONLY way to overcome the anti-war position of Americans. They have done the same to get Russia to act to protect the Donbas from the Ukrainians who began the civil war.
FDR repeated that solemn promise in Boston which was predominantly Irish. They refused to defend Britain openly recalling what the English did to the Irish. That was why FDR needed Japan to attack Pearl Harbor. Today, they needed Russia to launch its special operation which was absolutely legal under the United Nations Rules for he was protecting the Donbas, not seeking to conquer Ukraine.
All of those memories of past wars are long gone. Today, we cheer on war because we think it will be like watching Iraq on CNN after nightly dinner. As they say:
Posted originally on the CTH on February 12, 2023 | Sundanc
It’s not just random data points. It is an alignment of multiple datapoints, appearing at random intervals, that all align in one very specific direction.
The key is being able to spot them. WATCH (1 min):
[BACKGROUND] … “This is where the RGA looks to have been recruited for a larger role in 2024 than was deployed in 2016. Keep an eye on Republican governors and how they position their advocacy and endorsements.” {GO DEEP}
An ideological alignment of individual people, institutions and organizations working in concert toward a common goal is not a conspiracy. Once the objective of the common interest is identified, all benefactory components operate individually. What becomes visible is the similarity of the actions.
This is where we see patterns and common actions taken toward a common goal. This reality is the context to understand how the political dynamic is constructed in opposition to Donald Trump, and more specifically how the America First policy platform of Presidential candidate Donald Trump is viewed as a common threat.
Individuals, institutions, government ‘stakeholders’, and generally all status-quo interests stand in opposition, as reflected in the historic Niccolò Machiavelli quote:
“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.”
When the new system is constructed to the benefit of the many yet disrupts the status of the few (the proverbial elite) who benefit from retention of the old, those in the at-risk minority must pretend not to know things. Additionally, through passive aggressive undermining that same elite group frame their opposition to provide themselves plausible deniability.
It is in this political mix of eclectic interests where a person needs an intellectual filtration system, tuned to the granular nuances, in order to make sense of the landscape and see the big picture.
Posted Originally on the CTH on February 12, 2023 | Sundance
If you accept the likelihood of the 2024 Wall Street Republican roadmap being the defining difference between 2016 and 2024, then you can easily see how the Republican Governor’s Association (RGA), the state level system where the policy of GOP governors are purchased by big money, will be the driving influence. It is into this mixed manipulation where New Hampshire Governor Chris Sununu becomes of strategic value.
Someone has to try and maintain the narrative of “free markets” as a Republican priority, enter Chris Sununu. Readers here and middle-class workers of America have decades of experience seeing exactly what the outcome of Republican “free market” capitalism creates. Selling out the U.S. worker and manufacturing base in favor of globalism, multinational corporate exploitation and profits at any cost are the result. In modern economic reality, there is no such thing as a “free market,” there are only controlled markets {GO DEEP}.
Pushing the conservative ‘free market’ narrative, the corporate controlled Chris Sununu appears on Face the Nation to gaslight the base republican voter with old catchphrases that used to work; they no longer do. People can now see through the rustbelt prism and identify the destruction created by the Wall Street funded UniParty apparatus. This is what 2024 presidential candidate Chris Sununu is trying to lie about. However, no republican candidate is an economic nationalist, except President Donald Trump. WATCH:
[Transcript] – MARGARET BRENNAN: Welcome back to Face the Nation. We’re joined now by the Republican governor of New Hampshire, Chris Sununu. And it’s good to have you here…
GOVERNOR CHRIS SUNUNU (R-New Hampshire): Thanks.
MARGARET BRENNAN: … in person.
GOVERNOR CHRIS SUNUNU: Great to be here. Better here than the rest of Washington, because this whole town gives me the — it gives me the chills sometimes.
(LAUGHTER)
MARGARET BRENNAN: Well, you might need to go get over that if you’re going to run for 1600 Pennsylvania Avenue, as, apparently, you are considering doing.
GOVERNOR CHRIS SUNUNU: Well, look, a lot of opportunity to change things, right?
I think New Hampshire has this awesome model of live free or die, limited government, local control, individual responsibility, really putting the voters first, send them some money, which is nice, but send them the regulatory authority too.
So a little decentralizing out of Washington and maybe a little better attitude would be — would be a good thing for America.
MARGARET BRENNAN: What’s the proactive reason you want to be president, not something that President Biden is doing wrong…
GOVERNOR CHRIS SUNUNU: Sure.
MARGARET BRENNAN: … but something you want to achieve?
GOVERNOR CHRIS SUNUNU: Yes, which is the right question you’re asking, by the way, because I — it drives me crazy when Republicans talk in an echo chamber about how bad the president is, and Democrats.
We got the memo, as Republicans. You got to be for something. What I’m trying to do is kind of show that New Hampshire model, show the opportunity to get stuff done. I have had Republicans in my legislature. I have Democrats in my legislature. I always get my conservative agendas done.
We always cut taxes. We always balance a budget. And I can explain to folks in Washington what a balanced budget actually means. So, there are paths. And I think America is looking for results. We need results-driven leadership, not just leadership that…
MARGARET BRENNAN: Like what?
GOVERNOR CHRIS SUNUNU: Look, whether it’s cutting taxes, being pro- business, the regulatory reform, the immigration stuff that we were told was going to happen in 2017 and 2018 as Republicans, and it didn’t.
We were told health care reform would happen. It didn’t. We were told we were going to secure the border, and we didn’t. So, there’s all this great opportunity that has a domino effect. They’re not just things to check off a list, but those things have huge impacts on the American economy and, most importantly, American families, right?
They just want flexibility to do what they do. And, frankly, they’re tired of the nonsense in D.C. They’re tired of — of extreme candidates. They’re tired of gridlock. They want somebody to come to the table. And it could be myself. It could be other governors. It could — but it has to be leadership with proven results.
MARGARET BRENNAN: Yes.
GOVERNOR CHRIS SUNUNU: I have been in the private sector as an engineer and a business leader. I have been in the public sector. You got to be able to deliver.
And you got to, hopefully, be inspirational and hopeful, as opposed to all this negativity you see.
MARGARET BRENNAN: But you still have to get the Congress to work with you to do that very long laundry list of things you just read off to us.
So, when you were here in November, you told us that President Biden would not run for president, in your estimation. You just saw him up close for the past few days.
GOVERNOR CHRIS SUNUNU: Yes.
MARGARET BRENNAN: Is that still what you believe?
GOVERNOR CHRIS SUNUNU: Well, I know other people will definitely run. They’re going to get in the race.
MARGARET BRENNAN: Democrats, you believe, will challenge him?
GOVERNOR CHRIS SUNUNU: Oh, absolutely, yes, yes, because…
MARGARET BRENNAN: Why do you say that? Did someone tell you that in the last few days?
GOVERNOR CHRIS SUNUNU: Well, Joe Biden has tried to move the first-in-the- nation primary from New Hampshire, right? But we’re going to — we’re going first, whether the president likes it or not.
And so that’s going to be a huge opportunity for anybody who wants to step up and challenge him. And if you look at the polls across the country, the average Democrat says, yes, thanks for your service on one term, but let’s keep it to one term, President Biden.
And I just don’t believe the Democrat left-wing elite is going to sit on the sidelines, knowing you could come to New Hampshire, get all the earned media, all the attention…
MARGARET BRENNAN: OK.
GOVERNOR CHRIS SUNUNU: … without a whole lot of money, all that political momentum. He’s opened up his political flank, so to say, to give someone else a huge opportunity to charge right through and take that nomination from him.
MARGARET BRENNAN: Well, we’ll see if your — if your projection plays out.
You’ve been talking about trying to sort of remind the party that Republicans are about limited government.
GOVERNOR CHRIS SUNUNU: Yes.
MARGARET BRENNAN: You said recently: “Republicans are almost trying to outdo Democrats at their own game of being big government and having a solution and a say on everything.”
Who were you thinking of when you say that?
GOVERNOR CHRIS SUNUNU: Oh, there’s a lot — look, I think there’s a lot of leadership out there that forget — that forgets.
At heart, I’m a principled free market conservative. Let the markets decide. So there’s no individual, per se, but there’s a lot of leadership that says, you know what, when we’re not getting that result out of a private business or locality, we’ll just impose from the top down our conservative will.
MARGARET BRENNAN: You’re not talking…
GOVERNOR CHRIS SUNUNU: Yes.
MARGARET BRENNAN: … about the Florida governor and Disney, for example, are you?
GOVERNOR CHRIS SUNUNU: Well, that’s a bad example. Yes, that’s — that’s an example, one of the many examples you see out there.
MARGARET BRENNAN: Ron DeSantis may be running for president as well.
GOVERNOR CHRIS SUNUNU: Sure. Yes.
Yes, look, Ron’s a very good governor. He is. But I’m just trying to remind folks what we are at our core. And if we’re trying to beat the Democrats at being big government authoritarians, remember what’s going to happen. Eventually, they’ll have power in a state or in a position, and then they’ll start penalizing conservative businesses and conservative nonprofits and conservative ideas.
That is the worst precedent in the world. That’s exactly what the founding fathers tried not to — tried to avoid. And so I’m trying to remind my conservative friends about federalism, free markets, and being for the voter first, being for the individual.
Do I like what every private business says? No, I hate this woke cancel culture. But it’s a cultural…
MARGARET BRENNAN: What does that mean to you then?
GOVERNOR CHRIS SUNUNU: Woke cancel culture?
MARGARET BRENNAN: Yes.
GOVERNOR CHRIS SUNUNU: Oh, it’s — it’s — look, it’s…
MARGARET BRENNAN: Because you’re not a culture warrior, really.
GOVERNOR CHRIS SUNUNU: No, no, no. No, but it’s there.
MARGARET BRENNAN: What does woke cult — what does that mean in your platform?
GOVERNOR CHRIS SUNUNU: It’s the — it’s the divisiveness — divisiveness we see not just in our schools, but in our communities, where it is me vs. you, whereas, if you are not adhering to my ideals, then I’m going to cancel you out.
It is us vs. them. It is this binary where everything’s a war. That’s a cultural problem we have to fix in America. And it starts with good leadership, good messaging, more hopeful and optimistic. But government never solves a cultural problem.
MARGARET BRENNAN: OK. Well…
GOVERNOR CHRIS SUNUNU: We can lead on it, but we never solve it.
MARGARET BRENNAN: Interesting idea, but you are contradicted by the Republican governor of Arkansas, who gave the response for your party after the State of the Union, who embraced culture war.
She says America’s in one.
GOVERNOR CHRIS SUNUNU: Yes, we are.
MARGARET BRENNAN: She says it’s been waged by the left wing, “a woke mob that can’t even tell you what a woman is.”
GOVERNOR CHRIS SUNUNU: That’s absolutely right. And that’s…
MARGARET BRENNAN: I mean, are you going to engage on things like this, like — like Sanders and DeSantis has in terms of issues on gender and issues of race?
GOVERNOR CHRIS SUNUNU: There should be absolute leadership on that about what that’s about.
And this idea that you have to — you know, we have forced language, that we have forced ideas on our kids, that we’re going to force anything…
MARGARET BRENNAN: So you are going to be a culture warrior?
GOVERNOR CHRIS SUNUNU: No, we have to talk about that, but it isn’t the government’s role to solve it.
The government is not here to solve your problems. It’s not. The government is here to include as many…
(CROSSTALK)
MARGARET BRENNAN: So, governors shouldn’t be actually talking and engaging and telling school boards and doing things like this or trying to pass laws like they are?
GOVERNOR CHRIS SUNUNU: I don’t think governors should be trying to pass laws to subvert the will of the voters that know better than us.
Voters are — know more than I do. The voters on that school board know, the voters in those towns know a lot more. And if — that’s the free market of politics. If they don’t like the school board, they get — they go to a town meeting, they fire them.
MARGARET BRENNAN: You are — you call yourself a pro-choice Republican.
You still have to win in a Republican primary.
GOVERNOR CHRIS SUNUNU: Sure.
MARGARET BRENNAN: Is there room for someone who calls himself a pro-choice Republican?
GOVERNOR CHRIS SUNUNU: Oh, yes, look, that issue is — look, that issue is going to change three different ways now that Dobbs has happened, right? States can decide what they want to do, right?
So, I think the definition of pro-life and pro-choice and pro-abortion are — are going to be very different, because if you’re a pro-life Republican, that’s fine. That’s — as a governor, you can do that. You can ban it in your state, and you can stay — stand behind those ideals. And maybe that’s exactly what your state wants. No problem.
I’m a pro-choice Republican in a very pro-choice state. But, at the end of the day, you’re going to have the pro-lifer over here…
MARGARET BRENNAN: Yes.
GOVERNOR CHRIS SUNUNU: .. pro-abortion over here, and then the rest of us are, well, we have a 24-week ban, and you have a 22-week…
MARGARET BRENNAN: Yes.
GOVERNOR CHRIS SUNUNU: … and an 18-week ban.
So, the rest of us are kind of in this spectrum of debating about weeks. So that the whole conversation is going to change.
MARGARET BRENNAN: We want to talk about some of these issues in-depth with you in a moment, so stay with us, Governor.
And we’re going to bring in a panel of bipartisan governors with us.
Positive debate on solutions and constructive criticism of approach is always appropriate for our elected officials; heck, that is the essence of our discussion. However, recently there have been many critics of President Trump; many people only just now understanding the problem and proclaiming that President Trump specifically did not do enough to block, impede, stop and counteract the globalist forces that were/are aligned against his effort to Make America Great Again.
Hindsight is 20/20, but there are people who proclaim that Donald J Trump should have been more wise in his counsel; more selective in his cabinet; more forceful in his confrontation of corporate globalists. Let me be clear….
I will never join that crew of Trump critics because I have understood his adversary for decades. CTH did not just come around to the understanding of the enemy. CTH has been outlining the scope of the enemy, the scale of the specific war and the financial and economic power of the opposition for over a decade. We understand the totality of the effort it will take to stop decades of willful blindness amid the American people. We also see with clear eyes exactly what they are doing now, even with President Trump forcefully removed from office, to destroy the threat he still represents.
Donald J Trump was/is a walking red-pill; a “touchstone”: a visible, empirical test or criterion for determining the quality or genuineness of anything political. I have been deep enough into the network of the Deep State to understand the scale and scope of this enemy. To think that President Trump alone could carry the burden of correcting four decades of severe corruption of all things political, without simultaneously considering the scale of the financial opposition, is naive in the extreme.
♦ POTUS Trump was disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. He was fighting, almost single-handed, at the threshold of the abyss. Our American interests, our MAGAnomic position, was/is essentially zero-sum. His DC and Wall-Street aligned opposition (writ large) needed to repel and retain the status-quo. They desperately wanted him removed so they could return to full economic control over the U.S, because it is the foundation of their power.
You want to criticize him for fighting harder against those interests than any single man has ever done before him? If so, do it without me.
I am thankful for the awakening Donald J Trump has provided.
I am thankful now for the opportunity to fight with people who finally understand the scale of our opposition.
Without Donald J Trump these entities would still be operating in the shadows. With Donald J Trump we can clearly see who the real enemy is.
In these economic endeavors President Trump was disrupting decades of financial schemes established to use the U.S. as a host for their endeavors. President Trump was confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of the host (USA) ie YOU. There are trillions at stake; it is all about the economics; everything else is chaff and countermeasures.
The road to a “service-driven economy” is paved with a great disparity between financial classes. The wealth gap is directly related to the inability of the middle-class to thrive.
Elite financial interests, including those within Washington DC, gain wealth and power, the U.S. workforce is reduced to servitude, “service”, of their affluent needs.
The destruction of the U.S. industrial and manufacturing base is EXACTLY WHY the middle class has struggled, and exactly why the wealth gap exploded in the past 30 years.
Behind this dynamic we find the international corporate and financial interests who are inherently at risk from President Trump’s “America-First” economic and trade platform. Believe it or not, President Trump is up against an entire world economic establishment.
When we understand how trade works in the modern era we understand why the agents within the system are so adamantly opposed to U.S. President Trump.
♦The biggest lie in modern economics, willingly spread and maintained by corporate media, is that a system of global markets still exists.
It doesn’t.
Every element of global economic trade is controlled and exploited by massive institutions, multinational banks and multinational corporations. Institutions like the World Trade Organization (WTO) and World Bank control trillions of dollars in economic activity.
Underneath that economic activity there are people who hold the reigns of power over the outcomes. These individuals and groups are the stakeholders in direct opposition to principles of America-First national economics. Collectively known as “The Big Club”.
The modern financial constructs of these entities have been established over the course of the past three decades. When you understand how they manipulate the economic system of individual nations you begin to understand why they are so fundamentally opposed to President Trump.
In the Western World, separate from communist control perspectives (ie. China), “Global markets” are a modern myth; nothing more than a talking point meant to keep people satiated with sound bites they might find familiar. Global markets have been destroyed over the past three decades by multinational corporations who control the products formerly contained within global markets.
The same is true for “Commodities Markets”. The multinational trade and economic system, run by corporations and multinational banks, now controls the product outputs of independent nations. The free market economic system has been usurped by entities who create what is best described as ‘controlled markets’.
U.S. President Trump understood what had taken place. He used economic leverage as part of a broader national security policy; and to understand who opposes President Trump specifically because of the economic leverage he creates, it becomes important to understand the objectives of the global and financial elite who run and operate the institutions. The Big Club.
Understanding how trillions of trade dollars influence geopolitical policy we begin to understand the three-decade global financial construct they seek to retain and protect.
That is, global financial exploitation of national markets.
FOUR BASIC ELEMENTS:
♦Multinational corporations purchase controlling interests in various national outputs (harvests and raw materials), and ancillary industries, of developed industrial western nations. {example}
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks. (*note* in China it is the communist government underwriting the purchase)
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
Against the backdrop of President Trump confronting China; and against the backdrop of NAFTA renegotiated; and against the necessary need to support the key U.S. steel and aluminum industries; revisiting the economic influences within the modern import/export dynamic will help conceptualize the issues at the heart of the matter.
There are a myriad of interests within each trade sector that make specific explanation very challenging; however, here’s the basic outline.
For three decades economic “globalism” has advanced, quickly. Everyone accepts this statement, yet few actually stop to ask who and what are behind this – and why?
Influential people with vested financial interests in the process have sold a narrative that global manufacturing, global sourcing, and global production was the inherent way of the future. The same voices claimed the American economy was consigned to become a “service-driven economy.”
What was always missed in these discussions is that advocates selling this global-economy message have a vested financial and ideological interest in convincing the information consumer it is all just a natural outcome of economic progress.
It’s not.
It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates, lobbyists, purchased politicians and massive financial corporations.
Again, I’ll try to retain the larger altitude perspective without falling into the traps of the esoteric weeds. I freely admit this is tough to explain and I may not be successful.
Bulletpoint #1:♦ Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
This is perhaps the most challenging to understand. In essence, thanks specifically to the way the World Trade Organization (WTO) was established in 1995, national companies expanded their influence into multiple nations, across a myriad of industries and economic sectors (energy, agriculture, raw earth minerals, etc.). This is the basic underpinning of national companies becoming multinational corporations.
Think of these multinational corporations as global entities now powerful enough to reach into multiple nations -simultaneously- and purchase controlling interests in a single economic commodity.
A historic reference point might be the original multinational enterprise, energy via oil production. (Exxon, Mobil, BP, etc.)
However, in the modern global world, it’s not just oil; the resource and product procurement extends to virtually every possible commodity and industry. From the very visible (wheat/corn) to the obscure (small minerals, and even flowers).
Bulletpoint #2 ♦ The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
During the past several decades national companies merged. The largest lemon producer company in Brazil, merges with the largest lemon company in Mexico, merges with the largest lemon company in Argentina, merges with the largest lemon company in the U.S., etc. etc. National companies, formerly of one nation, become “continental” companies with control over an entire continent of nations.
…. or it could be over several continents or even the entire world market of Lemon/Widget production. These are now multinational corporations. They hold interests in specific segments (this example lemons) across a broad variety of individual nations.
National laws on Monopoly building are not the same in all nations. Most are not as structured as the U.S.A or other more developed nations (with more laws). During the acquisition phase, when encountering a highly developed nation with monopoly laws, the process of an umbrella corporation might be needed to purchase the targeted interests within a specific nation. The example of Monsanto applies here.
Bulletpoint #3 ♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
With control of the majority of actual lemons the multinational corporation now holds a different set of financial values than a local farmer or national market. This is why commodities exchanges are essentially dead.
In the aggregate the mercantile exchange is no longer a free or supply-based market; it is now a controlled market exploited by mega-sized multinational corporations.
Instead of the traditional ‘supply/demand’ equation determining prices, the corporations look to see what nations can afford what prices. The supply of the controlled product is then distributed to the country according to their ability to afford the price. This is essentially the bastardized and politicized function of the World Trade Organization (WTO). This is also how the corporations controlling WTO policy maximize profits.
Back to the lemons. A multinational corporation might hold the rights to the majority of the lemon production in Brazil, Argentina and California/Florida. The price the U.S. consumer pays for the lemons is directed by the amount of inventory (distribution) the controlling corporation allows in the U.S.
If the U.S. lemon harvest is abundant, the controlling interests will export the product to keep the U.S. consumer spending at peak or optimal price. A U.S. customer might pay $2 for a lemon, a Mexican customer might pay .50¢, and a Canadian $1.25.
The bottom line issue is the national supply (in this example ‘harvest/yield’) is not driving the national price because the supply is now controlled by massive multinational corporations.
The mistake people often make is calling this a “global commodity” process. In the modern era this “global commodity” phrase is particularly nonsense.
A true global commodity is a process of individual nations harvesting/creating a similar product and bringing that product to a global market. Individual nations each independently engaged in creating a similar product.
Under modern globalism this process no longer takes place. It’s a complete fraud. Massive multinational corporations control the majority of production inside each nation and therefore control the global product market and price. It is a controlled system.
EXAMPLE: Part of the lobbying in the food industry is to advocate for the expansion of U.S. taxpayer benefits to underwrite the costs of the domestic food products they control. By lobbying DC these multinational corporations get congress and policy-makers to expand the basis of who can use Food Stamps, EBT and SNAP benefits (state reimbursement rates).
Expanding the federal subsidy for food purchases is part of the corporate profit dynamic.
With increased taxpayer subsidies, the food price controllers can charge more domestically and export more of the product internationally. Taxes, via subsidies, go into their profit margins. The corporations then use a portion of those enhanced profits in contributions to the politicians. It’s a circle of money.
In highly developed nations this multinational corporate process requires the corporation to purchase the domestic political process (as above) with individual nations allowing the exploitation in varying degrees. As such, the corporate lobbyists pay hundreds of millions to politicians for changes in policies and regulations; one sector, one product, or one industry at a time. These are specialized lobbyists.
It is ironic when we discuss corporate financial payments to government officials in foreign countries we call them corrupt. However, in the United States we call it lobbying, the process is exactly the same.
EXAMPLE: The Committee on Foreign Investment in the United States (CFIUS)
CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States.
CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.
The CFIUS process has been the subject of significant reforms over the past several years. These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008 (more)
Bulletpoint #4 ♦ With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
The process of charging the U.S. consumer more for a product, that under normal national market conditions would cost less, is a process called exfiltration of wealth. This is the basic premise, the cornerstone, behind the catch-phrase ‘globalism’.
It is never discussed.
To control the market price some contracted product may even be secured and shipped with the intent to allow it to sit idle (or rot). It’s all about controlling the price and maximizing the profit equation. To gain the same $1 profit a widget multinational might have to sell 20 widgets in El-Salvador (.25¢ each), or two widgets in the U.S. ($2.50/each).
Think of the process like the historic reference of OPEC (Oil Producing Economic Countries). Only in the modern era massive corporations are playing the role of OPEC and it’s not oil being controlled, thanks to the WTO it’s almost everything.
Again, this is highlighted in the example of taxpayers subsidizing the food sector (EBT, SNAP etc.), the corporations can charge U.S. consumers more. Ex. more beef is exported, red meat prices remain high at the grocery store, but subsidized U.S. consumers can better afford the high prices.
Of course, if you are not receiving food payment assistance (middle-class) you can’t eat the steaks because you can’t afford them. (Not accidentally, it’s the same scheme in the ObamaCare healthcare system)
Agriculturally, multinational corporate Monsanto says: ‘all your harvests are belong to us‘. Contract with us, or you lose because we can control the market price of your end product. Downside is that once you sign that contract, you agree to terms that are entirely created by the financial interests of the larger corporation; not your farm.
The multinational agriculture lobby is massive. We willingly feed the world as part of the system; but you as a grocery customer pay more per unit at the grocery store because domestic supply no longer determines domestic price.
Within the agriculture community the (feed-the-world) production export factor also drives the need for labor. Labor is a cost. The multinational corps have a vested interest in low labor costs. Ergo, open border policies. (ie. willingly purchased republicans not supporting border wall etc.).
This corrupt economic manipulation/exploitation applies over multiple sectors, and even in the sub-sector of an industry like steel. China/India purchases the raw material, coking coal, then sells the finished good (rolled steel) back to the global market at a discount. Or it could be rubber, or concrete, or plastic, or frozen chicken parts etc.
The ‘America First’ Trump-Trade Doctrine upset the entire construct of this multinational export/control dynamic. Team Trump focused exclusively on bilateral trade deals, with specific trade agreements targeted toward individual nations (not national corporations).
‘America-First’ is also specific policy at a granular product level looking out for the national interests of the United States, U.S. workers, U.S. companies and U.S. consumers.
Under President Trump’s Trade positions, balanced and fair trade with strong regulatory control over national assets, exfiltration of U.S. national wealth is essentially stopped.
This puts many current multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding contracted interest of an asset they can no longer exploit.
Perhaps now we understand better how massive multi-billion multinational corporations, and the political institutions they pay for, were/are aligned against President Trump; and they will never relent in their need to see the risk he/we represents destroyed.
I will never relent in my support for anyone who fights this enemy.
I will align with and encourage anyone who joins this fight.
If you are looking for criticism against the only person I have ever witnessed who actually fought our correct enemy, look elsewhere.
Posted originally on the CTH on February 12, 2023 | Sundance
Appearing on Face the Nation with Margaret Brennan, House Foreign Affairs Committee Chairman, Mike McCaul, discusses the ongoing Biden administration battle in the sky with balloons, objects and various Unidentified Flying Objects (UFO’s).
McCaul identifies China as the most likely culprit for sending the spy and surveillance equipment over North America, claiming the timing of the spycraft arrival against the backdrop of the military revealing the latest stealth bomber, the “B-21 Raider,” does not seem coincidental.
Additionally, because of course he does, Chairman McCaul notes that if we do not continue to send billions to Ukraine, then China and Russia will continue sending spy missions over the United States. The way we defeat the UFO’s is to send more money to Ukraine. That’s his logic, and he’s sticking to it. WATCH:
MARGARET BRENNAN: We go now to Congressman Michael McCaul. He is the Chairman of the House Foreign Affairs Committee. Good morning to you.
REPRESENTATIVE MICHAEL MCCAUL (R-Texas): Morning, Margaret. Thanks for having me.
MARGARET BRENNAN: I want to start on this unusual activity, three takedowns in eight days. In the case of the spy balloon, this was Chinese surveillance, according to the administration. On Friday, they put restrictions on six Chinese companies that allegedly helped China’s military build that balloon. Is this the right move, to just try to make it harder for them to get U.S. technology, or does Congress need to do something that’s more broad?
REPRESENTATIVE MICHAEL MCCAUL: Well, it’s certainly the right move.
It will be one of my number one priorities, as the chairman of the Foreign Affairs Committee in this Congress, to stop the export of technology to China that then goes into their most advanced weapons systems, in this case, a sophisticated spy balloon that went across three nuclear sites, I think it’s important to say, in plain view of the American people, you know, in Montana, the triad site, air, land, and sea nuclear weapons.
In Omaha, the spy balloon went over our Strategic Command, which is our most sensitive nuclear site. It was so sensitive that President Bush was taken there after 9/11. And then, finally, Missouri, the B-2 bomber, that’s where they are placed. It did a lot of damage.
MARGARET BRENNAN: Is that what U.S. intelligence told you? They have been saying they mitigated the impact.
REPRESENTATIVE MICHAEL MCCAUL: They say they mitigated it.
But my assessment, and — and I can’t get into the detail of the intelligence document — is that, if it was still transmitting going over these three very sensitive nuclear sites, I think — I think, if you look at the flight pattern of the balloon, it tells a story as to what the Chinese were up to as they controlled this aircraft throughout the United States.
Going over those sites, in my judgment, would cause great damage. Remember, a balloon could see a lot more on the ground than a satellite.
MARGARET BRENNAN: So, you said you want to try to stop the export of technology that can be used by China’s military.
As a conservative, though, how much — this has to make you a little uncomfortable to have government try to control private business investment. How do you do that?
REPRESENTATIVE MICHAEL MCCAUL: Well, we have what’s called an entities list. The Department of Commerce had jurisdiction over the office within their — the Department of Defense has one.
We need to harmonize those, make it more security-focused. You know, capital flows is one issue, but technology exports into China that they use to turn — that maybe eventually turn against us, we have to stop doing that.
And I think we can do it by sectors. They do it by companies now. Obviously, they identified the six. I think, shockingly, when the balloon was recovered, it had American-made component parts in there with English on that. It was made — you know, parts made in America that were put on a spy balloon from China. I don’t think the American people accept that.
MARGARET BRENNAN: Do you believe that this was a strategic choice by Xi Jinping’s government in Beijing, or do you believe that it was just the left and right hand not knowing what was going on?
REPRESENTATIVE MICHAEL MCCAUL: When I saw the sites that it was flying over, it was very clear to me this was an intentional act. It was done with provocation to gather intelligence data and collect intelligence on our three major nuclear sites in this country.
Why? Because they’re looking at what — what is our capability in the event of a possible future conflict in Taiwan? They’re really assessing what we have in this country. I find it extraordinary the timing of this flight as well, right before the State of the Union speech, and also right before Secretary Blinken was scheduled to meet with Chairman Xi.
I think it was very much an act of belligerence on their part. And perhaps they don’t care what — what the American people think about that.
MARGARET BRENNAN: Before I let you go, I want to ask you.
You voted in the last Congress to provide a lot of assistance to Ukraine. But, this past week, at least 10 of your members, Republican members, introduced a bill called the Ukraine Fatigue Resolution to try to cut off aid.
How hard is it going to be to have a Republican-led House continue to help Ukraine?
REPRESENTATIVE MICHAEL MCCAUL: I still believe, Margaret, there are many, on both sides of the aisle, a majority of the majorities in support of this.
We have — we have factions on the left and right that do not support Ukraine…
MARGARET BRENNAN: This WAS a Republican bill.
REPRESENTATIVE MICHAEL MCCAUL: … assistance, and that will probably continue.
Right. And I do think, for me, particularly, it’s — we have to educate, where has the money gone? You know, the audits that are in place right now, there are four of them on Ukraine funding. And we have to explain, why is Ukraine so important?
You know, what happens in Ukraine impacts Taiwan and Chairman Xi, that China’s aligned with Russia, Iran and North Korea against freedom, democracy in the West. And I think that’s a debate we’ll have, but I still feel very confident that we will give them the assistance they need.
MARGARET BRENNAN: Yes.
REPRESENTATIVE MICHAEL MCCAUL: I would like to see it faster, so they can win this faster.
MARGARET BRENNAN: So, you — you think Matt Gaetz, Marjorie Taylor Greene, others who signed this need to be educated?
REPRESENTATIVE MICHAEL MCCAUL: I — you know, look, we took Marjorie Taylor Greene into a briefing.
She was satisfied, I thought, with what — the controls that have been put in place on the spending. But I don’t think that they will be — ever be persuaded that this cause is something that they would support.
I think they have this false dichotomy that somehow we can’t help Ukraine beat back the Russians, who invaded their country and — and secure the border. We can do both. We’re a great nation. And the fact of the matter is, unfortunately, this administration has chosen not to secure the border. He can’t even control and secure our airspace now, it looks like.
MARGARET BRENNAN: Congressman McCaul, thank you for your time today.
REPRESENTATIVE MICHAEL MCCAUL: Thanks, Margaret. Thanks for having me.
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