COMMENT: Could an individual state finish the wall started by the previous administration? It’s painfully obvious Washington has its own agenda. And at this time, I see no point in even lobbying our federal government to do anything in our border towns/states. Is it legal to have our individual states finish what was started? I know I’m not alone in my concerns and would gladly contribute to a “wall fund”, or something of the sort. Maybe things are so corrupted it would be pointless?
REPLY: Yes, it is the state’s border. Knowing the atmosphere on Capitol Hill, it has simply become war and it has nothing to do with the benefit of the nation. I was impressed by the words of Arizona Sen. Kyrsten Sinema who courageously announced that she was leaving the Democratic Party to register as an independent. It was her words that rang true. She stated that she was abandoning the Democratic Party and turning her back on the “broken partisan system in Washington” that prioritizes denying the opposition party a win rather than “delivering for all Americans.”
This is the very reason why the United States will collapse. There is no longer any sense of guiding the nation for the benefit of all the people. This has turned into a hate game. Neither side will dare to agree that ANYTHING the other side did was just, fair, or in the best interest of the whole. It is just partisan war and in the process, they are destroying the core of the United States and our once culture of freedom that was admired and inspired by the world.
I can confirm that when the US invaded Iraq on the nonsense of weapons of mass destruction, the pro-Americans in Russia lost ground. They were indeed pushing to join NATO and enter the world economy for the benefit of all the Russian people. But that invasion armed the Neocons and they pointed to that invasion that America was imperialistic and was seeking to control the entire world. It also lowered the esteem of America in the eyes of many in China. Ukraine has merely reconfirmed that view.
Politics has degenerated into a very dark era. If history repeats itself, there will be no other choice but to move toward separatism. We will no longer be able to live in peace together because that is not acceptable anymore. All this nonsense of what is your pronoun and men can have babies with a sex change is dividing the country into groups. Once you do that, you do not benefit the right of those people, you cast them as the new enemy of the state just as Hitler did with the Jews. The end is near for the United States. A house as divided as we have become CANNOT stand. That was the view of Lincoln to justify the Civil War.
Gamazda Piano Published originally on Rumble on December 4, 2022
The Sound of Silence is what we will have at the end of World War III as we will all be gone if we can’t find a way to stop the Great Reset and the Build Back Better insanity of Klaus Schwab
Klaus Schwab has shown his true colors of authoritarianism. He is against democracy, freedom, and basic God-given human rights. With his Davos group next month, the World Economic Forum (WEF), Schwab who is a control freak by nature, has endorsed the cancel culture banning Twitter, and listing the various Chinese state-controlled social media apps to “follow along” with Davos Man. Schwab follows Marx and believes that he can create the perfect world and that he is far superior to anyone else and this can shape and design how society should function.
That was the very same attitude of Marx and Lenin. Those ideas resulted in over 200 million people dying. That’s OK. We are just collateral damage on his yellow-brick road to perfection. Schwab looks down upon society as the dirt beneath his feat. He fails to understand why communism even failed because it suppressed human nature and in so doing, it eliminated curiosity and imagination. Children under communism could not imagine their future. They were told by the state what they will be according to the needs of the state.
We are far too stupid to know what is best for us. Only the elite understand how to shape the future. We are to surrender all say in our own lives. This is Schwab’s dream to control society 150%. We are to surrender our very beliefs and our aspirations to the state. These ideas have been tried throughout history so many times. They have always ended in stagnation and total collapse.
There is an onslaught of misinformation about the Federal Reserve from everything that it can go bankrupt, and the Treasury will become a second central bank, and of course, the Fed is really the cause of inflation and its balance sheet. The proposal by Janey Yellen to buy in long-term debt and swap it with short-term is not “creating” money for the Treasury has no such power. It was a proposal for a debt swap to shorten the yield curve. The first proposition that the Fed can go bankrupt only suggests that people do not comprehend that the Fed is different entirely from the European Central Bank.
The Fed has the authority to create elastic money for it followed the very idea of J.P. Morgan and how he saved the economy during the Panic of 1907. The Fed can create money when there is a shortage due to economic contractions, and it can then reduce its balance sheet reducing the money supply. When the Fed was created, it was established with branches around the country because the Panic of 1907 exposed that there were regional capital flow problems. The 1906 San Francisco Earthquake drained the cash from the East where all the insurance companies were.
As we can see from this clip of rates in 1927, each branch was independent. There was an excess case in Kansas City so they lowered the interest rates there in hopes that capital would migrate to the other districts to earn more interest. All of that was eliminated by Franklin D. Roosevelt who wanted (1) to stack the Supreme Court to approve his Marxist agenda, which failed, and then he usurped all the power of the Federal Reserve and created the Washington headquarters and the President then was to appoint the head of the Federal Reserve and to illegally lobby him to ensure that his presidential agenda was to be the policy at the Federal Reserve. There was no more independence of the branches.
When Biden was running in 2020, he actually proposed requiring the Federal Reserve to regularly report on what they are doing to close economic gaps that exist along racial lines in the United States. Biden has viewed the Fed as a social tool and he has been making efforts to manipulate the Federal Reserve which will be extremely dangerous if they are carried out. Now, the Biden Administration is talking about closing branches of the Federal Reserve and replacing those board members with his hand-picked political cronies. In January 2022, he was pushing for black economists to be appointed to the Federal Reserve Board. My concern is that academics have ZERO experience and do not really understand the global economy trapped by domestic Keynesian Economics.
It was Paul Volcker who Chaired the Fed into the high in the interest rates back in 1981 who concluded in his Rediscovery of the Business Cycle that “it was not until the events of 1974 and 1975, when a recession sprung on an unsuspecting world with an intensity unmatched in the post-World War II period, that the lessons of the ‘New Economics’ were seriously challenged.” However, former Fed Chair Ben Bernanke has suggested that the Fed’s failure to contain inflation during the 1970s traced back to the political forces that shaped the Fed chairs in charge that he expressed in his book “21st Century Monetary Policy.” He wrote that the inflation of the ’70s puzzled economists relying on the 1958-ventage Phillips Curve, which would have predicted high inflation only in combination with extremely low unemployment rates. Bernanke admitted that the Phillips curve had “broken down” during the 1970s.
The critical problem with the entire way we view inflation rests on the QTM (Quantity Theory of Money) and the assumption that a mere increase in supply must produce inflation. There is absolutely nothing in the economic data that supports these old theories that were based upon (1) fixed exchange rates, and (2) the supply & demand theory dates back to the days of coinage. It was John Law who came up with the supply/demand theory that everyone else plagiarized, including Adam Smith. John Law’s writings influenced many, although they would never admit it. He was clearly the FIRST to use the term DEMAND and he was certainly the FIRST to join it with the word SUPPLY, for only a trader could have seen this connection in the price movements of anything.
The greatest fallacy of Keynesian Economics, Supply v Demand, and the Phillips Curve is that they have ALL failed because the US dollar is the reserve currency of the world and by default, the Federal Reserve has become the central bank of the world. With Biden desperate to get his hands around the neck of the Federal Reserve and force it to yield to his political agenda, threatens more than merely the US economy – but the entire world. Bernanke acknowledges in his book:
“Martin, my boys are dying in Vietnam, and you won’t print the money I need,” President Lyndon B. Johnson reportedly told then-Fed Chair William McChesney Martin Jr. at his Texas ranch after the central bank announced a half-point increase to its key discount rate over inflation fears, Bernanke writes. White House tapes, meanwhile, reveal President Richard Nixon frequently appealing to Fed Chair Arthur Burns’ Republican-party ties to clear the runway for more easy-money policies, with one call going as far as urging the Fed chair not to make any policy decisions that could “hurt us” in the November 1972 election.
I warned the Fed back then that buying in 30-year bonds during the 2007-2009 Financial Crisis, would NOT stimulate the domestic economy for one simple reason and this is why both the goldbugs and central bankers have been wrong. The domestic money supply DID NOT increase to stimulate when China was saying thank you very much and swapping their 30-year holdings for 10-year or less. The assumption that any central bank can control the domestic economy is absurd. The holdings of debt are global. Therefore, buying in 30-year bonds to reduce the supply in hopes of reducing the mortgage rates failed because the money did not stay in the USA. That is why the Fed then began to buy the mortgaged-backed securities because that was a more direct impact domestically.
As the money supply increased and the national debt rose consistently, gold declined from 1980 into 1999 for 19 years. All the theories of inflation driving gold higher were simply wrong just as the central bankers relied on the very same theories.
It was World War I and II that drove the gold to flee to the United States so by 1950, there was no choice but to make the dollar the reserve currency. Yet more significant was the realization that the factor which produced that result was ENTIRELY external to the domestic economy. Therefore, all the economic theories were bogus because they were all focused on domestic policy thanks to Karl Marx whose central theory was the government possessed the power to eliminate the business cycle by confiscating all private assets. That altered human nature and created economic stagnation. Nevertheless, Keynes and everyone else have sought to accomplish the very same authority that Marx maintained existed.
This focus on GDP (Gross Domestic Product) has reversed the GNP (Gross National Product), which was more global in its scope. If we attributed world trade to the flag the company flies rather than where it sets up a plant, then you would see that the United States has a trade surplus and not a trade deficit. This is also a backdrop to the reserve status of the dollar. Perhaps the greatest of all the wild proposals is that somehow Bitcoin will rise from the ashes and become the new Reserve Currency of the world. So all governments will issue debt in Bitcoin? Politicians will never be able to run for office and Socialism must collapse.
Rather than betting on the power grid to survive if governments collapse, I think we will see the pre-1965 silver coins return for a medium of exchange and gold for larger transactions. I have said plenty of times, GOLD will NOT rise as a hedge against inflation, it is a hedge against the collapse in confidence of the government.
As I have written before, when the Japanese government lost the confidence of the people, they lost the ability to produce any money for 600 years. The people used the coins of China and bags of rice – no Japanese coins were ever acceptable for 600 years which was the same time interval it took to reestablish gold in Europe following the fall of the Roman Empire.
Everything he says I have confirmed from other sources. French soldiers who volunteered said the same thing, Ukrainians kill Russian prisoners sometimes ruthlessly. It is a total disgrace that we are supporting these Neonazis – the very people still practicing ethnic cleansing.
We accept the named legislation “Inflation Reduction Act” (IRA) is a legislative misnomer intended to obfuscate the true construct of the bill. The IRA was factually the ‘green new deal’ program packaged under the guise of an ‘inflation reduction’ premise. However, in order to discuss the outcome of the content we have to play the game of pretending around the purpose of the legislation.
Within the IRA there was a $7,500 tax credit for American made Electric Vehicles. The intent of the legislation was to provide incentives for U.S. consumers to purchase ‘sustainable’ and environmentally friendly electric cars, trucks, SUV’s etc made in America.
The Congressional Budget Office (CBO) scored the bill with this legislative intent in mind. However, the Treasury Department is now taking apart the granular details of the legislation in order to qualify foreign made vehicles for the $7,500 credit. The rules interpretation from the Treasury Dept essentially negates the CBO score, and the outcome is going to be much more expensive than initially stated.
Because the $7,500 comes in the form of a tax credit, the IRS (Treasury) is the institution making the determinations for qualification. Treasury is changing the qualifications to permit basically any EV to qualify, by parsing a difference between a leased vehicle and a purchased vehicle. Additionally, Treasury is changing the battery sourcing aspect by qualifying essentially any trade agreement as a Free Trade Agreement (FTA), saying the term Free Trade Agreement was undefined in the legislation.
As an outcome & simply cutting to the chase, EV batteries from just about anywhere, inside EV vehicles from basically anywhere, that are purchased as leases from just about any auto manufacturer, will qualify for the $7,500 credit. It’s all a shell game, with the Biden administration determining where the pea is located.
Dec 29 (Reuters) – The U.S. Treasury Department said Thursday that electric vehicles leased by consumers starting Jan. 1 can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible.
The announcement is a win for South Korea and some automakers that earlier this month sought approval to use the commercial electric vehicle tax credit to boost consumer EV access. Automakers said the credit could be used to reduce leasing prices.
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for purchases of electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others. The new Treasury guidance does not change the definition of what constitutes North American assembly to make more vehicles eligible for EV purchases.
Treasury said it was using “longstanding tax principles” to determine consumer leasing could qualify for the EV tax credit.
The IRA also imposes significant battery minerals and component sourcing restrictions, sets income and price caps for qualifying vehicles and seeks to phase out Chinese battery minerals or components. The commercial credit does not, however, have the sourcing restrictions of the consumer credit.
Senator Joe Manchin, a Democrat who chairs the chamber’s energy panel, urged Treasury to pause implementation of both commercial and new consumer EV tax credits and said they had bent “to the desires of the companies looking for loopholes” and would seek new legislation that “prevents this dangerous interpretation from Treasury from moving forward.” (read more)
From the Wall Street Journal, “One of the documents released Thursday pointed out that because the legislation doesn’t define what a free-trade agreement is, the Treasury Department might consider other types of trade agreements to expand the eligibility. The department didn’t provide examples of such agreements, but trade lawyers have suggested that the 2019 bilateral trade agreement with Japan and the World Trade Organization’s government procurement agreement could be candidates.” (link)
I am reminded of the words from Democrat Congressman Alcee Hastings during the construction of the ObamaCare legislation. WATCH (10 secs):
Texas Senator Ted Cruz warns Attorney General Merrick Garland’s handpicked special counsel to probe former President Trump, Jack Smith, has a history of targeting Tea Party activists. One America’s John Hines has more from Capitol Hill.
Russia announced yesterday that it will increase its military strength from 1 million to 1.5 million. The Western Press keeps putting out the propaganda that that this is all because Russia has lost momentum and many soldiers in Ukraine. I reported before that sources from Ukraine, not Russia, put the death toll at over 100,000 Ukrainian soldiers. That was also in the draft speech of the head of the EU, but it was removed to keep up the image that Ukraine is winning.
What is not being said here is that Poland has been instructed by the US to increase its military from 100,000 to 250,000 making it the largest force in NATO. It is only a 14-hour drive from Warsaw to Moscow. This in addition to NATO’s plans to incorporate Finland and Sweden, has also played a role in this decision.
The Russian Defense Minister Sergei Shoigu declared that the country needs a force of 1.5 million “to guarantee the fulfillment of tasks to ensure Russia’s security.” China has about 2 million and the USA has about 1.4 million. North Korea has 1,280,000 active with another 600,000 in reserve. Belarus has an army of only 62,000 with 344,750 in reserve.
Currently in Russia, the regular draft, calls up 120,000 to 140,000 men twice a year for a one-year tour of compulsory service. What is becoming very obvious is that the West wants war. There is no desire for peace whatsoever. This has changed the game. The Western Press keeps just putting out propaganda about Ukraine winning, while it is ignoring the mobilization of NATO which is clearly anticipating war. This is not going to be just about Ukraine as we head into 2023. You have to be blind not to see that the West is clearly preparing for war. This is what Russia is now responding to. With Poland raising its army to 250,000, that presents a serious threat to Russia for the exceeds the active personnel in Belarus.
On top of all of this, Putin has wisely instructed that they should be studying how the weapons the US has been handing Ukraine and to regard these as valuable lessons to be learned during the fighting to modernize the armed forces. Thus, Ukraine has been an experiment to study the weapons systems of one’s opponent on both sides.
Putin also made it clear that Russia will start to deploy more hypersonic weapons, noting that the first warship equipped with state-of-the-art Zircon hypersonic missiles will be commissioned by the navy next month. There is no question that defense against Russia’s hypersonic weapons is not something that may be possible. Russia has been using some hypersonic missiles in Ukraine. It is believed among our sources that this may have been more to intimidate NATO and the United States. Obviously, the conventional wisdom has been that there is just no effective defense against hypersonic weapons. Hence, their use has been to intimidate the USA and NATO, but this does not seem to have succeeded.
The USA is exploring how to defend itself against hypersonic missiles. One theory is the exploration of “boundary layer phenomenology,” which is the idea that disrupting the airflow surrounding a hypersonic projectile may throw it off course. Disrupting the airflow may send it off course, but it will still hit something. The other hope is to deploy lower-flying networked satellites in an effort to establish a continuous targeting track of an approaching hypersonic weapon.
The reason there is no defense is that a hypersonic projectile will travel much too fast to track them because it will move from one radar aperture to another, making it virtually impossible to establish a consistent targeting track or lock.
Meanwhile, our brilliant world leaders are playing with everyone’s life all because they prefer war rather than reform whereby they might lose power.
Posted originally on the CTH on December 22, 2022 | Sundance
For seven years the media have walked the American people through a journey to publicize President Donald J Trump’s tax returns, using phrases like “bigger than Watergate.” Promising, almost daily, the results of their quest would be “the beginning of the end” of Trump.
Thousands of hours of media punditry shouting about the holy grail paper trail sure to culminate in a result “devastating beyond all imaginings.”
Meanwhile, millions of column inches were filled with “bombshell” promises of deep expose’s, certain to highlight how the universal villain of all things universally villainous would be crushed under the weight of financial nakedness.
This moment, they promised, would be second only in political consequence to origin of our constellation. The quest for Trump’s taxes was the culmination of thousands of hours of deep Lawfare expertise, an epic battle worthy of Homer.
A horrible human would explode in shame they said. Yes, Trump was about to be exposed by professionals, DC experts who build careers understanding the complex system of tax filings, financial schemes and arcane laws. WATCH:
These were the Gandolfian wizards, heroes as proclaimed by the pretorian guard media, the gatekeepers who would finally gain access to the epicenter of the one true financial enlightenment that would forever destroy Godzilla Trump and crush the empire beneath him.
Breaths were held as “soon” they swore. Pearls were clutched as ticks were tocked. ‘Any moment now’, the masses began to shout. Busses and trains stopped. Swarms of people rushed home to watch television. Flights were being cancelled as the moment drew near. The economy came to a halt as thrills were pronounced to be running up legs.
The world’s most investigated human in all humanity was on the cusp of the abyss. The moment had finally arrived. The culmination of years of baited anticipation. This was THE moment; this was THEIR moment….
Boxes were spotted passing through the halls of congress. “That’s them,” people muttered clamoring for a glimpse. MSNBC finally, after years of anticipation, triggered the countdown clock – as a visibly climaxing Rachel Maddow could no longer contain the spontaneous ecstasy.
And then…
Nothing.
The world’s most anticipated and promoted financial disclosure in the history of the modern universe, was a complete nothingburger.
The only person who seems happy is Geraldo Rivera, who likely thinks that perhaps now his opening of Al Capone’s empty vault has finally been eclipsed in its ridiculous nothingness.
President Donald Trump’s taxes show an ordinary schedule of incomes and losses that fit within the four corners of every other tax filing by every other private company owner. Incomes that rose and fell with the U.S. economy. Worse yet, the filings show income losses that were amplified by Donald Trump’s decision to put aside his business interest and run for public office.
Yes, Donald Trump is the first President of the United States who lost money as an outcome of his political ascendency because he never sold his office to any individual, corporation, multinational or financial interest. President Donald J Trump worked for the American people, using policies that were designed to benefit the American people, from within an office that was created to benefit the American people.
COMMENT: Mr. Armstrong; I know you are very familiar with Ukraine. A friend of mine believes he met you in Kiev back in 2013. You and Henry Kissinger are the lone voices who have told the truth and how the West cares nothing about the people in the Donbas. When you attack a people’s religion, language, and culture, there is never any hope for peace. Zelensky and the West are trying to destroy us the same as the Romans attacking Jerusalem.
Thank you for telling our plight.
Anonymous
REPLY: You bring up an interesting analogy. Ukraine is being used as a pawn in this entire scheme to create World War III to justify defaulting on all debt – i.e. Schwab’s You’ll Own Nothing & Be Happy. You certainly have brought up a very good scenario.
The Great Jewish Revolt began during the reign of Nero (54-68AD) which was the first major rebellion of the Jewish people against the Roman occupation of Judea. It lasted from 66 – 70 AD and resulted in probably hundreds of thousands of lost lives and the ultimate destruction of their Temple. Most of our knowledge of the conflict comes from Roman-Jewish scholar Titus Flavius Josephus (37-100AD), who first fought in the revolt against the Romans, but was then kept by future Emperor Vespasian as a slave and interpreter. Josephus was later freed and granted Roman citizenship, writing several important histories on the Jews.
The fact is that the Romans had occupied Judea from 63 BC onward. While there were some tensions among the advocates of independence, the freedom of religion that had become the cornerstone of Rome was really its backbone. Yes, they conquered many lands. They allowed the people to retain their own religious beliefs and this the Christians would call paganism because there were many gods but none of them were viewed as a creator – more of superbeings who protected them.
Some complained about having to pay taxes to Rome. The story of the zealots trying to entrap Jesus into a conspiracy asking him where he stood on the question of taxation he resolved by asking whose portrait was on the coin. It was most likely Tiberius at the Time. He simply said give unto Caesar what is Caesar’s
The tension began to rise when Emperor Caligula (37-41AD) demanded in 39AD that his own statue be placed in every temple of the Empire. Caligula was rather mad and many say he saw himself as a god. Indeed, Zelensky has outlawed your religion as part of the Moscow Russian Orthodox Church demanding you now obey his replacement of a Kyiv Patriarch. The Romans did the same insofar as they appointed the High Priest of the Jewish religion.
Though the Zealots were always rebellious, Jewish tensions rose sharply when Nero plundered the Jewish Temple of its treasury in 66 AD. This followed the Great Fire of Rome and Nero was short of cash and he was the first to begin debasing the coinage. Like Henry VIII who also was broke raided the Catholic Church, Nero did the same to the Jews. He seized large amounts of silver from the Temple. The story of how the Jews also wanted their autonomy like the Donbas from Ukraine, in both cases there was a rise in nationalism with the aim of freeing the Holy Land from the earthly powers of the Romans, and in the case of the Donbas, the oppression of Ukrainians to the blind eye of the West.
In addition to the Romans, the Jewish peasantry was also angry with the corruption in the Jewish priesthood class as they were pawns of the Romans. It was the Jewish priests who turned Jesus over to the Romans. They were indeed very corrupt not unlike the corruption that had plagued the high priest in Rome who Julius Caesar was forced to overthrow. At the end, when Nero died leaving no heir, the Roman Empire fell into civil war. Vespasian (69-79AD) was forced to crush the Jews out of fear that if he did not, other provinces might rise up and demand freedom as well.
It is an interesting comparison as Kyiv has sought to oppress the Donbas and any student of history knows the hatred of Ukrainians v Russians. Why should the Donbas remain a second-class group of people oppressed by Ukrainians? The West only cares about destroying Russia and you are the pawn in the middle.
While the NY Times was still supporting Bankman-Fried, if the truth is ever really allowed to surface, you will find that FTX was I believe funneling kickbacks to the Democrats from the billions they handed Zelensky. Ukraine pleads for money and I have warned DO NOT SEND ANY FUNDS TO UKRAINE. If you want to help the people, donate to Red Cross – not the Ukrainian government. It is the most corrupt government at least in Europe if not the world. They keep putting out total BS to keep the money flowing. Why was Ukraine pouring money into FTX rather than taking care of its own people?
I was asked by a reporter from the NY Post did I think Republic National Bank was laundering money through my accounts with all the errors, AS THEY WERE DOING IN MADOFF! I told them I had no idea. The error would be backed out the next day and I did not see where it came from and if it went back to the same account or anyone. They do this ALL THE TIME! Madoff simply pled guilty and that prevents a trial so you will never know the truth. I believe he did so to protect his family. The banks claimed they had no idea! That was simply a lie. What about the regs – know your client? They do not apply when the banks are laundering money for someone in power.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 