The Congressional Budget Office warned that US federal debt is expected to rise 185% within the next 30 years. Total debt holdings could double the size of US GDP by 2051. No politician or spender of this debt cares as they have no intention of paying it off. The Congressional Budget Office is calling this an optimistic forecast, given the previous estimate of debt soaring to 202% of GDP by 2051. The fact of the matter is that no one can foresee how much money politicians will continue to spend. Servicing the debt will become more expensive over time, expected to reach 10% of GDP by 2051, 7.4% in 2042, and 5.1% in 2032.
Most do not realize that the national debt is already at monumental levels. US gross federal debt to GDP reached 100% by 2012. The ratio remained somewhat stagnant until capitalism became sick with COVID in 2020, and the GDP to debt ratio rose to 128.1%. The figure stood at 137.2% by December of 2021 and has continued to increase.
China no longer wants US debt and has begun to sell off its holdings. As other currencies decline relative to the dollar, US debt, and all government debt in general, no longer seems like a smart investment. We have reached a point where Congress can continue to pass bills and bribe voters with socialistic promises from their latest puppets because no one cares about the future of America. The US will be the last to fold but expect the inevitable as countries, city-states, and governments are all temporary in the eyes of father time.
Posted originally on the conservative tree house on August 2, 2022 | Sundance
As he outlines the controversial trip by Nancy Pelosi to Tiawan, Tucker Carlson asks many questions that people are thinking. {Direct Rumble Link} WATCH:
COMMENT: Marty; I really do not think people give you enough credit whilst they all pretend to claim they called it correctly just a couple of months ago. I was at your 2011 WEC in Philadelphia. A friend bought the ticket and dragged me there. I have to say, aside from your prediction that war would turn up in 2014 which coincided with Ukraine, the underlying theme was that everything rested upon the confidence in the government. The more I have watched in horror how all our countries have fallen apart so rapidly, the more I understand your research.
My hat is off to you. I wish everyone would stop and acknowledge for once you are the source of fantastic information.
EH
REPLY: Thank you. But as they say, I have to die first before anyone really acknowledges this work. It was the fact that I bought my first Roman coin for $10 when I was about 13 years old, and I was amazed that one could even collect ancient coins. That truly opened a door for research I never knew was possible.
History has been confirmed from the coinage. Imperial Rome pretended that the emperor was still elected as consul every year as if the Republic still existed. Just as we think we live in a democracy but find out the president can issue an executive order that is never submitted to Congress, no less presented to the people for a vote. In that sense, we still live in a dictatorship, just like the Romans. That said, this allows the Roman coins to be dated to every year they were struck.
That established, I realized that the coinage would answer a vital question being a trader – How did Rome fall? Was it like a 747 coming for a landing? Or was it in some sort of panic meltdown? It turned out to be the latter.
I know of NO OTHER WAY that question could have been answered and how VITAL that is to our present-day events.
To everyone’s surprise, other than a trader, bull markets are long drawn out affairs, but bear markets accomplish 90% of the decline in just two to three years. You are witnessing history. The United States is being destroyed rapidly, and unfortunately, even a 100% Republican victory in November will not stop the decline. It will merely present a short-term bounce in confidence. What takes centuries to build vanishes from history faster.
Posted originally on the conservative tree house on August 1, 2022 | Sundance
Everything about the supposed killing of al-Qaeda leader Ayman Al Zawahiri is suspect, weird and fishy.
♦First, Al Zawahiri has been reported as killed or dead at least a half dozen times in the last 10 years; including by natural causes. ♦Second, Ayman Zawahiri was very old. Western citations put his age at 71 (born 1951), however, that is suspect (sounds like his younger brother’s age). ♦Third, the location of his reported killing in Kabul is odd. Zawahiri was known to avoid large populations, and even with the U.S. withdrawal from Afghanistan the tribal conflicts with factions of the Taliban would have been an issue.
♦Fourth, somehow the Taliban waited until after the U.S. intelligence community leaked the strike to the media before they issued a statement condemning the drone attack. Since when does al-Qaeda wait 48+ hours to denounce hostile action in their territory? Coordinating and timed joint press releases between the White House and ‘Taliban‘ to western media outlets is seriously sketchy.
♦Fifth, absolutely no official outline from the Pentagon or White House on this “successful counterterrorism strike“? Despite a primetime presidential address, the White House has no announcement, no official statement, nothing, on their website. Additionally, Biden leads off saying the attack was on Saturday, the Taliban waited 48-hours to denounce a U.S. drone strike? Think about it. Doesn’t add up. More sketchy.
♦Sixth, and seemingly just an oddball addendum, Fox News breaks the story using Jennifer Griffin as lead reporter. As I noted several days ago, Griffin had been missing from Fox News since she went bonzo in March attacking Tucker Carlson over his cynicism of the official State Dept and Pentagon narrative in Ukraine.
May, June, July, nothing from pentagon deep state promoter Jenn Griffin at all. Then, suddenly, on the same day Griffin resurfaces, after months of nothing, there’s a major terrorism strike in Afghanistan, killing Zawahiri and she’s leading the coverage?…. With Brett Baier cheerleading? C’mon man. Sketchy, all of it.
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And yeah, somehow there was an unusual “DNS pointing issue” on the CTH servers, serendipitously timed with the Biden speech. The one site with a specific Al Zawhiri track and trace reference library to deconstruct the official narrative and identify the sketchy.
Lastly, about half the terroristic attribution Joe Biden made in his primetime speech is associated with the “Blind Sheik” Omar Abdel-Rahman, not Ayman Al Zawahiri.
I’m glad Zawahiri is dead; I was cool with him being gone from the earth the last six times we were told Zawahiri was dead. Get all those professional jihadists removed, good. However, that has nothing to do with the seriously sketchy background of this story. This is a pantomime playing out for public consumption, and the same strings visible on the Zelenskyy puppets are glowing on the shoulders of this deep state announcement.
Posted originally on the conservative tree house on August 1, 2022
This is weird. Ayman al-Zawahiri, who was always hiding in the same Afghanistan-Pakistan area where Osama Bin Laden was hiding out, was very old ten years ago in 2012 when he established the Libyan branch of al-Qaeda. [SEE CTH Archives] This guy is ancient by now.
Ayman al-Zawahiri was #2 to Bin Laden and elevated to #1 after his death. Ayman has a younger brother named Mohammed al-Zawahiri who was the Muslim Brotherhood organizer of the uprising in Egypt, and very likely the person who helped coordinate the 9/11/2012 protest on the U.S. Embassy in Cairo that happened on the same day as the attack in Benghazi.
According to media reporting, the CIA is claiming to have killed Ayman al-Zawahiri last weekend and Joe Biden is going to give a congratulatory speech about it tonight at 7:30pm ET. Something about this is odd, he was killed in Kabul, Afghanistan? Ayman al-Zawahiri was seriously old if he was still actually alive.
WASHINGTON DC – The United States killed Al-Qaeda leader Ayman al-Zawahri in a drone strike over the weekend, two people briefed on the operation told POLITICO.
In a statement to reporters, a senior administration official said “over the weekend, the United States conducted a counterterrorism operation against a significant Al Qaeda target in Afghanistan. The operation was successful and there were no civilian casualties.”
One of the people briefed on the operation said the strike in Kabul was led by the CIA. President Joe Biden plans to give a speech about “on a successful counterterrorism mission” at 7:30 p.m. (read more)
If, and that’s a big stretch for me at this point, if the story is correct…. then the Taliban wanted to get rid of Zawahiri due to some kind of power conflict. No way Zawahiri travels to Kabul (if he was really alive) and then gets picked-off by the CIA. Was he going there for medical treatment or was in an old folk’s home for retired terrorists?
The Wiki age on this guy is nonsense. He was way older than 71.
Here is a picture of Ayman (with Bin Laden) long before 9/11/01.
Here is the most recent picture of Ayman, attributed to 2021.
Something is fishy about this.
On the left is Ayman and Osama in Afghanistan (late ’90’s?), on the right is Ayman’s brother in Egypt (2012).
There are slips of the tongue, but President Biden cannot speak freely without a teleprompter. Every time he goes off script, he embarrasses his country. The president of the free world has no idea what is going on, and his mental health continues to decline publicly. The American Rescue Plan sent a trivial amount of money to Americans making under $75,000 annually at the expense of taxpayers. The government had no way to pay for this $1.9 trillion plan but implemented $1,400 checks on two separate occasions to pacify the people. Joe Biden thinks he provided Americans with $8,000.
Biden believes the public should ignore inflation and feel grateful for the imaginary money. “There’s reason to be down but I started thinking about it … the first year, we were able with the rescue plan, we were able to send them a check for eight grand,” the president said. “I mean a check. Beyond that by the way, there was more than that.” Biden then chimed in about his middle-class experience, which occurred decades ago when the US economy was unrecognizable compared to today. “That’s a lot of money, and so it helped save a lot of people in terms of getting thrown out of their home and rental housing and a whole range of things,” he said. He used the example of someone earning $120,000 receiving the imaginary $8,000 check, despite anyone in that income bracket being ineligible for a stimulus check.
The president cannot remember basic facts about his own policies. Biden belongs in a home for the elderly and senile, not the White House.
The primary race in Wyoming is August 16th, just about two weeks away. CNN traveled to Wyoming to review the possibility that Republican House Member might lose her primary race. All signs point to “yes”, she’s going to lose her seat. However, CNN was able to find two republicans who said they supported Cheney. WATCH:
Posted originally on the conservative house on August 1, 2022 | Sundance
We are seeing the cascading impacts of the energy-driven inflation starting to ripple throughout the globe, specifically worsening economies who are dependent on the export of non-essential durable goods. South Korea manufacturing is the latest example.
The first quarter of 2022 started with a drop in U.S. consumer spending on non-essential durable goods like electronics. The net result of contracted consumer spending was a 1.6% negative GDP.
Inventories of goods started to build and by April/May of 2022 the Consumer Price Index (CPI) showed negative inflation in those sectors as discounts to move inventory were offered.
In June major manufacturer Samsung, headquartered in South Korea, announced they had told suppliers to stop sending component manufacturing parts for finished goods. (link)
By the end of July, the second quarter GDP in the U.S. again showed a contraction of 0.9%. Energy inflation was now creating a consumer spending recession, demand for non-essential goods dropped fast over the first half of the year.
Today, South Korea announces July manufacturing output contracted for the first time in two years, matching the prior announcement by Samsung:
SEOUL, Aug 1 (Reuters) – South Korea’s factory activity shrank in July for the first time in nearly two years, as output and new orders weakened amid continued inflation and supply chain woes, a private-sector survey showed on Monday.
The S&P Global purchasing managers’ index (PMI) fell to a seasonally-adjusted 49.8 in July from 51.3 in June, falling below 50 for the first time since September 2020. The 50-mark separates expansion from contraction in factory activity from a previous month.
Output fell for a fourth straight month and by the sharpest rate since October 2021, as new orders decreased for the first time in 22 months and those from overseas for the fifth month in a row. (read more)
All economies that are dependent on the manufacturing and export of durable goods are likely now seeing reduced factory outputs as fewer customers exist to purchase the final product. This will lead to a predictable rise in unemployment amid those same nations.
This situation is the reason why the Bank of Japan did not raise their central bank interest rates. They are attempting to offset the drop in global economic activity by keeping their currency value low as compared to the rest of the western countries. This will help move their exported goods at a discount.
Inside countries with large imports, the definition of “non-essential” purchases within each household now starts to shift. Upgrading electronics, jewelry purchasing, and other non-essential goods become the first to feel the impact. That contraction is then followed by appliances, furniture, clothing and eventually vehicles and high-cost durable goods.
As less and less disposable income is available, consumer spending gets increasingly prioritized. The service sector is likely starting to feel the consumer belt tightening, particularly those consumer goods and services that are dependent on middle class families.
Inflation in general is a corrosive issue that eats away at the ability of consumers to purchase products and services. Energy inflation is particularly damaging as it hits every sector of the economy with higher supply-side costs. Food prices, fuel, transportation costs, electricity rates etc. take a larger portion of the paycheck, leaving less room (if any) for non-essential purchases.
A shrinking global economy is the outcome of an intentionally managed decline to support the Build Back Better, climate change, agenda.
Posted originally on the conservative tree house on July 31, 2022 | Sundance
West Virginia Senator Joe Manchin was on every Sunday talk show today (CNN, NBC, ABC, CBS and Fox) responding to his reversal of position on the Build Back Better legislative package (Green New Deal spending) that is part of the senate budget reconciliation bill. There is something very interesting in his justification. [Do not skim read this, all citations included]
Fox News Brett Bair does the best job challenging Manchin on his prior statements saying there would be no spending deal without first seeing the August inflation data. [LINK]. Manchin never answered that hypocrisy directly but says there are two components of the deal, two parts of a new future legislative bill, that brought him to the agreement on the $370 billion current spend.
The current Senate bill is a reconciliation bill, meaning it involves taxes and spending – AND ONLY taxes and spending, because the bill originated in the House.
The constitutional framework for taxes & spending requires the House to originate all spending bills. If a desired additional measure does not involve taxes and spending (a budgetary impact) it cannot be added to a reconciliation bill. The senate must originate a new bill and then send it to the House.
According to Manchin the deal between himself, Chuck Schumer, Nancy Pelosi and Joe Biden includes his support for the current green energy spending, in exchange for two new items in future legislation: 1) Streamlined energy permitting/regulation; and 2) Increased development of Oil, Coal, Gas. Both of these pieces of legislation have to be handled in a separate Senate bill.
According to Manchin, his agreement to the current spending bill was contingent upon a promise that: (A) Senate Majority Leader Chuck Schumer will generate a new bill for streamlined energy permitting and increased oil, gas and coal development; (B) House Speaker Nancy Pelosi will take up the Senate bill and whip enough of her House Democrat membership to join with Republicans in support of that Senate bill; and (C) Joe Biden will sign that increased energy production bill.
Here’s the important part. Senator Manchin claims he has leverage over Biden, Pelosi and Schumer to ensure a new bill with those priorities is created and advanced. Manchin further claims there are “consequences” for Biden, Pelosi and Schumer if they were to renege on the deal. He is quite emphatic about that point if you listen to the NBC interview.
Now ask yourself…. What leverage would Senator Manchin have over Biden, Schumer and Pelosi that would ensure they would not double-cross him?
There is only one Occam’s razor answer:
Joe Manchin threatened to switch political parties if any of them reneged on the deal.
The NBC interview with Chuck Todd questioning Joe Manchin is very interesting. It is actually the best interview of all five conducted, in part because it seems like Chuck Todd has full knowledge of the Manchin threat component.
Manchin was challenged in three of the five interviews about this promised future legislative component. In each of the interviews Manchin affirms and reaffirms there would be consequences if Schumer, Pelosi and Biden try to renege on the deal. However, it is the Meet the Press Chuck Todd interview that really gets in deeper and overlays some sunlight on this issue.
WATCH at 04:03 of the video below, Chuck Todd has knowledge of the “deal” in detail and pushes Manchin on his “consequences” statement. Then watch the very end of this interview (09:05) when Chuck Todd tries to pin Manchin down on the importance of Democrats holding the Senate. Chuck Todd knows the unspoken threat that Manchin outlines as consequences.
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Chuck Todd knows the “consequences”. He tried to pin Manchin down. Manchin obfuscated.
You put it all together and it starts making sense.
Senator Joe Manchin cut a deal for removal of regulatory roadblocks to current energy programs and expanded energy development. Schumer has to generate the legislation permitting faster investment in current oil, gas, coal. Nancy Pelosi has to pass it in the House. Joe Biden has to sign it and change EPA/Interior Dept policy. In exchange for that, Joe Manchin has agreed to the $370 billion green new deal energy spending programs.
If Schumer, Pelosi or Biden renege, then Manchin switches parties and the Senate flips into Republican control immediately. That’s his leverage.
Someone needs to ask Manchin: (A) what is the timeframe for the new legislative package; and (B) is this an accurate assessment of the “consequences” he outlined.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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