Steve Bannon, FBI Raided Homes of 35 Bannon Affiliated MAGA Allies Yesterday


Posted originally on the conservative tree house on September 9, 2022 | Sundance

During a podcast interview between Charlie Kirk (Turning Point USA / Club4Growth) and Warroom host Steve Bannon, Mr. Bannon stated the FBI raided 35 homes, offices and residences yesterday in seemingly coordinated activity timed with his arrest in Manhattan. {Direct Rumble Link}

Bannon was arrested under dubious fraud charges in Manhattan Thursday, connected to claims he duped donors who gave money to a We Build The Wall nonprofit organization established by Bannon and his partners. The case seems to hinge on statements made by the founders of the organization that “every penny” of the $15 to $25 million raised would be spent on the wall. However, according to New York prosecutors, several hundred thousand was used by Bannon and team to pay their own salaries and expenses.

Manhattan District Attorney Alvin Bragg gave Steve Bannon the handcuffed perp walk treatment, parading him through the courthouse like a captured political trophy. Mr. Bannon pled not guilty and was released after his arraignment for money laundering, conspiracy, fraud and other charges related to the “We Build the Wall” campaign.

The statement of 35 simultaneous FBI raids is the first mention of something coordinated like this. Perhaps further details will soon surface.

McConnell Senate PAC Urging MAGA Senate Candidates to Ask Trump PAC for More Money


Posted originally on the conservative tree house on September 9, 2022 | Sundance 

The internecine angle to the intra-party political and financial conflicts come via Politico, so apply that prism accordingly. However, the overarching background of the story (as presented) does align with the internal party power conflict we all know about.

According to the outline, Mitch McConnell has withdrawn spending of the Senate PAC funds from MAGA senate candidates. McConnell is telling his senators who are more favorably aligned with President Trump, to push the Trump PAC to spend more on them if Trump wants to see them win in 2022.

President Trump has, and continues to, support all of the MAGA candidates with direct funding [See FEC Filing], campaign rallies [LINK], and major big donor fundraisers [LINK], including at least one example of excessive funds distributed [LINK].   However, whenever anything involves McConnell, particularly when it involves money, it is critical to apply a Machiavellian prism to McConnell’s DeceptiCon motives.

By now everyone should know Senator McConnell holds no fundamental interest in being in the majority.  Nothing in his power structure changes if Democrats are in the majority.  From McConnell and the club approach, the “control of the senate” argument is a fundraising gimmick.  Give the DeceptiCons control of the senate and nothing structurally changes in the policy or legislative sphere.  Reference the 2014 to 2020 GOPe control, anti-Trump resistance, budgets and support for Obamacare, as examples of the last time the GOPe had senate majorities.

Absent of any real motivation to gain a republican majority in the senate, illusions and pretenses dropped, the “battle for control of the senate” simply comes down to a strategy of what is best to support Big Corps, and downstream fundraising.  However, the fundraising angle does afford Mitch the opportunity to leverage more power and eliminate influence.

By withdrawing financial support and telling MAGA candidates to go get money from Trump, McConnell positions his power in the senate to bleed his opposition of resources, in this example, Donald Trump.

Mitch creates a club narrative that Donald Trump is not supporting the MAGA candidates who gained victories in the primary.  He also seeks to bleed Donald Trump of money so that a more ‘acceptable republican’ can challenge him financially later on.

President Trump has around $100 million in his Super PAC.  Meanwhile Ron DeSantis has around $200 million in his PAC, and the Republican party of Florida (a completely separate club entity) is doing all the campaign spending so that DeSantis keeps his coffers full for the looming 2024 presidential race.

Team DeSantis isn’t spending much on his Florida governor’s race, other than small campaign expenses, because he doesn’t need to.  All those commercials, advertising, marketing and solicitation you see are from alternative groups (like the republican party of Florida), not the DeSantis campaign itself.

With around $200 million in the bank, minimal spending rate and 60 days before the election, why would a state candidate be traveling around the country to collect donations? The simple answer is the collection is not for the current state race.  DeSantis is building a 2024 war chest.

Insert McConnell and now you can easily make the argument the corporate club ownership is attempting to bleed one candidate (Trump) in order to quietly build another acceptable replacement (DeSantis).  The internal club games on display.

(Politico) – Mitch McConnell is indirectly nudging Donald Trump to help Republicans try to flip the Senate, part of a broader GOP campaign to get the former president to open up his well-stocked coffers for the rest of the party.

[…] The effort to get Trump to unlock his PAC stash is yet another sign of his seismic effect on the Republican Party. He is sucking up a massive portion of GOP donations (including a sizable chunk of the grassroots dollars) in a midterm election year. That, in turn, has given him significant sway while out of office — even after many Senate Republicans, including McConnell, soured on Trump after the insurrection at the Capitol on Jan. 6.

Now they insert the false premise:

[…] The private push to get Trump to financially engage in a number of battleground states comes as the former president sits on roughly $99 million, stored in his PAC. That unused cash is drawing increased attention from GOP leaders as the midterms approach, with Trump’s own endorsed candidates lagging in polls and trailing their Democratic opponents in fundraising.

As previously noted, President Trump continues to support, finance, campaign and fundraise for all the MAGA candidates. However, the Decepticon strategy involves creating a fallacy to assist the agenda.

[…] One Republican senator, granted anonymity to speak candidly about the situation, doubted that Trump would loosen his purse strings even for his own candidates given the long-running tensions between him and Senate Republicans — a sentiment echoed in part by some operatives close to the former president.

“It’s not Trump’s job to elect a Senate majority,” said one Trump world adviser.

But others were more hopeful.

“In at least a couple of those races, there’s a really compelling argument for him to be involved. He’s got a huge wad of cash that could make a difference,” said Minority Whip John Thune (R-S.D.)  (read more)

The only thing more frustrating than watching republican DC politics, is watching republican DC politics unfold while the majority of voting republicans do not accept what is taking place.   Republican voters are in an abusive relationship with the Republican Club, yet so many just cannot accept it.

Once you realize the goals of the people who control the Republican Club are the exact opposite goals of the voters who continue voting to keep them in office, only then can the battered conservative dynamic be broken.   Unfortunately, that level of realization is painful because we start to realize the scale and scope of what the abuser would do in their effort to keep us under their control.

The Time of Separation of the USA is Rapidly Approaching


Armstrong Economics Blog/Gov’t Incompetence Re-Posted Sep 9, 2022 by Martin Armstrong

QUESTION: Marty, is Steve Bannon another pre-election ploy to put a spike in the heart of Republicans for the elections?

ZB

ANSWER: Of course. Claiming that you raised money and then did not disclose you were paying salaries is really stretching it. You can put every charity in prison for the very same thing. How much really goes to the administration and not the people they claim?

The fraud claim is very ambiguous. I advised on so many takeovers and major corps they were sure they could have gotten me on insider trading. HSBC even came to me to ask me about buying Republic National Bank in April 1999. I told them to count their fingers and make sure they still had their arm.

Advising around the world meant I had to comply with everyone’s laws. My lawyers on every continent concluded I just could not have any personal accounts for trading. I had to give that up and that is why I was the highest paid in the world and could walk into all the central banks and government wealth funds BECAUSE they all knew there were no conflicts of interest.

It was so bad that if I had owned one share of Republic Bank and I advised HSBC on the takeover, I would have to disclose my entire portfolio, not just the one share of Republic, and then disclose by my advice to buy meant I could profit $10 or whatever the bid would be. It was totally insane. Our politicians should have to comply with the same laws they imposed on me.

It became a choice between being an investor and an advisor. I could not be both.

After my case began, the lead prosecutor Richard Owens just said, you are one smart SOB. They could not find anything. Instead of running a clean shop, I was just so smart they could not prove anything yet surely I had to have something hidden. For the bank, suddenly he told the truth that the notes were in yen. For me, he kept claiming they were in dollars to impose a higher penalty. He would use different theories all the time it would change and it got to the point I didn’t even know what the case was about.

That is the thinking process of any prosecutor. NEVER let your child ever marry one. They are trained to lie, deceive, and are genuinely dishonest in order to do the job.

I submitted a motion to compel him to explain even what my case was about it had become so confusing. They tried to claim I was pro see and I did not know the law to defend myself. I moved for dismissal because if I did not know the law to defend myself, then I could not knowingly violate any law. Judge McKenna smiled and ordered them to respond. He then went to the Chief Judge, had my case taken away from that Judge, and reassigned to Judge Kennan who immediately denied that motion. They sealed the docket so I cannot see how they did that, which violated my Due Process Rights. In his mind, the Constitution seemed to become just a “guideline” – not binding to these people.

He even had to admit to my face, well we know you didn’t take any money but still refused to drop the charges. I looked at them as idiots. How could you get $1 billion out of a bank and nobody knew where it was? There had to be a wire, a check some evidence of a withdrawal. They finally figured out that the bank lied. How idiotic to even start a case on such an absurd theory of the bank claiming they had no idea where the money was when they stole it, to begin with. The only reason the bank had to plead guilty, and not one banker went to jail, was because my clients listened to me and filed suits against the bank which they could not cover up.

That is the real world of law – it is as corrupt as you expect in China, Nicaragua, or Venezuela. As Thrasymachus warned Socrates even in a Democracy, justice will be only what the government says it is. This is what we are seeing with Trump and Bannon right now. They are desperate to criminally indict Trump BEFORE the midterms and they will then plaster all the headlines that these people Trump has endorsed are all criminals like him. He will be tried and convicted in the mainstream press all without any trial before the midterms. That is their goal and they will destroy the country in the process. Instead of He’s Not My President, we will see This is Not My Country.

Once the Rule of Law collapses, the end is not too far down the road. They are destroying our country right before our eyes. As I have said, the computer warns that we may not even see a presidential election in 2024. Next year will be the year from Political Hell. This quest to win at all costs here in 2022 will divide the country deeply and this WOKE agenda is destructive dividing everyone so there is no more We the People.

Our computer has NEVER been wrong. This was the computer forecast from 2018. It has been showing 2023 as the start and 2026 would be the Panic Cycle. I am not looking forward to 2023 in the least. The Democrats are desperate and they will NOT tolerate a Republican victory that might overturn their agenda that has been choreographed by the World Economic Forum.

This is the Array you can find on our old site with the Wayback Machine. In 1998 it projected a Panic Cycle in 2008, which was right on target. There are plenty of people who hate my guts. I really do not give a shit. This is NOT my personal opinion. They hate me because it projects something they usually want the opposite to happen like in gold. The markets are here to TEACH us how to read them and see what lies ahead. The past whispers to us quietly. We have to pay attention if you want to hear the message.

Scream all you want. Hate me all you want. What will be will be. I cannot stop that and silencing me will not change the future. I was in prison when the model peaked in 2007.15, which was the precise day of the peak in the Schiller Real Estate Index and then the Panic of 2008. That proved it was not me and personal influence.

Julius Caesar said long ago, that men are willing to believe what they wish. I know it is IMPOSSIBLE to argue with a fool or someone indoctrinated into whatever the belief. You can only help those with an open mind and willingness to look at the facts from an UNBIASED perspective.

Obama won the general election with 52.9% of the popular vote. I have said many times, that the only presidents ever elected with more than 60% were FDR, Johnson after the Kennedy Assassination, and Richard Nixon. Everyone else wins with typically less than 55%. This is NOT a Democracy. We live in a Republic. ALL republics collapse from within. There will be no enemy that defeats America, we are doing that quite well without the help of Putin or Xi. You cannot do what Biden is doing using a couple of percents to impose a dictatorship.

We are approaching that fateful day when it will be time to just turn out the lights on the American Dream than has turned into an American Nightmare. The attitudes in California, Oregon, and Washington State, are so foreign to those in the South, that they might as well be their own separate country. The time of separation is approaching, for that is the only way freedom to pursue your own happiness and live your life the way you want to instead of how someone else tells you you must comply with their ideas. Freedom will never be possible again. It pains me to be around on this planet when it is time to write the eulogy on the American Dream.

Deutsche Bank CEO Says a Recession is Inevitable


Armstrong Economics Blog/Germany Re-Posted Sep 9, 2022 by Martin Armstrong

Yet another head of the financial system is coming out and warning that a recession is inevitable. Deutsche Bank CEO Christian Sewing echoed the words of BoE’s Governor Andrew Bailey and blamed the coming recession on the war in Ukraine. “We will no longer be able to avert a recession in Germany. Yet we believe that our economy is resilient enough to cope well with this recession — provided the central banks act quickly and decisively now,” Sewing said.

Going a step further, Sewing blamed China along with Russia. “When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany,” he warned. Around 12% of German imports and 8% of exports come and go from China. Sewing would like to see a declining dependency on China rather than strengthening their relationship.

Neither China nor Russia are to blame for Germany’s situation. Russia was simply a diversion to draw attention away from the collapse of the European economy. Negative interest rates beginning in 2014 wiped out pension funds and proved that the central bank was not thinking long-term. COVID restrictions killed the supply chain, and Germany’s insistance in backing Ukraine eliminated what could have been a lucrative pipeline. Had the pipeline gone through, Europe would not have an energy crisis! Ever since COVID, we have witnessed a rising trend of civil unrest. Politicians have been working hard to create war with Russia deliberately, all cloaked in their real objective of controlling the planet.

When the energy crisis is unavoidable for the average person and the standard of living declines, the politicians will point to Russia and China. The decline began long before Russia lined the border of Ukraine, and China is demonized for simply existing. They would never blame their fiscal mismanagement or detrimental policies for the undoable damage they have created. If Germany falls, all of Europe will follow.

Secretary Yellen Celebrates Treasury Policy Making “Future U.S. Economy Dependent on the Wind and the Sun”


Posted originally on the conservative tree house on September 9, 2022 | Sundance 

Every institution of the JoeBama administration is filled with climate change ideologues. Never is that more abundantly clear than a U.S. Treasury Secretary who celebrates the future of the U.S. economy becoming “dependent on the wind and the Sun“.  {Direct Rumble Link}

[Transcript] – “Our plan – powered by the Inflation Reduction Act – represents the largest investment in fighting climate change in our country’s history. It will put us well on our way toward a future where we depend on the wind, sun, and other clean sources for our energy. We will rid ourselves from our current dependence on fossil fuels.” (link)

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To understand the scale of the ideological effort, review this earlier statement in her prepared remarks, “In markets where we could not help lower prices by expanding supply, we have aimed to mitigate the pain directly, through cost relief.”  The admission here is that ideologically the Biden administration cannot expand energy supplies to lower energy prices without compromising their climate change mission.

[Full Transcript Here]

Is the US Sacrificing Europe to Maintain Global Dominance?


Armstrong Economics Blog/War Re-Posted Sep 8, 2022 by Martin Armstrong

Vladimir Putin believes that Washington is sacrificing Europe to maintain global dominance. The United States has always been the world police, and the top country that others turn to in times of crisis. America’s post-World War II status left it as the financial capital of the world, and the dollar has remained the world’s reserve currency. Nothing has topped the dollar.

Europe attempted to create the European Union in an effort to prevent European conflicts, but it also created the euro to compete against the dollar. I explained various times how their attempts have failed. However, the euro is now beneath the dollar and on the decline. Nations maintain diplomatic relations, but only Schwab wants a one-world government as everyone is competing for global dominance.

Putin claims that the West rushed to place sanctions on Russia. There was indeed a rush to place sanctions on Russia despite Joe Biden himself coming out and admitting sanctions never work. Peace talks were never an option. Returning land or promising to curtail NATO was never an option. Sanctions and threats were immediately imposed. Why?

“The pandemic has been replaced by new challenges of a global nature, carrying a threat to the whole world, I’m talking about the sanctions rush in the West and the West’s blatantly aggressive attempts to impose their modus vivendi on other countries, to take away their sovereignty, to submit them to their will,” Putin told delegates at Russia’s Eastern Economic Forum in the port city of Vladivostok on Russia’s Pacific coast, as reported by CNBC.

It is true that Europe is facing the brunt of these sanctions as they sacrificed their main supplier of energy to save a nation with a GDP of roughly only $200 billion. Europe did not want to allow Ukraine to join the euro, and they had no interest in the country prior to this conflict. The hatred for Russia runs deep in Europe, especially in Germany after Russia took hold of the east after the last World War. The politicians are certainly old enough to remember when Germany was split in two until 1989. There is a reason Russia’s integral support for the axis powers during World War II is diminished in Western history books.

Putin went on to say that the standard of living in Europe and overall social and economic stability was “being thrown onto the fire of sanctions.” The United States has been eager to sanction Russia since the war in Syria began. Obama tried but failed to kick Russia out of the SWIFT system in 2014, with Christine Lagarde offering her support. Zelensky, who rand the NYSE bell this week remotely, admitted that he needed America to place harsh sanctions on Russia to accelerate the war.

“So far, I think that the United States of America is the accelerator of the sanction policies and I think they do more than any other country. And this is the way it should be because they are the most powerful country right now. I see the same support with respect to sanctions from the United Kingdom,” Zelensky told reporters at Fox in May.

The dollar remains strong and is the last safe haven. The war in Ukraine has only promoted capital to rush into the dollar. So is Europe “being sacrificed in the name of preserving the US dictatorship in global affairs,” as Putin claims? Europe will suffer more than the United States due to these sanctions. In fact, had Biden not eliminated domestic oil production, the US would not be facing an energy crisis at all. One thing is clear – the support to Ukraine is not an act of kindness. The invisible hand is at play.

British Pound Falls to 37-Year Low


Armstrong Economics Blog/BRITAIN Re-Posted Sep 8, 2022 by Martin Armstrong

The Bank of England has admitted defeat, admitting they cannot prevent a recession. The pound fell to the lowest level against the USD on Wednesday afternoon after declining 0.64% to $1.145. When asked if the central bank could prevent the next recession, Governor Andrew Bailey was blunt in his answer. “Insofar as the war is having this huge effect, the answer to that would be no.”

I touched more on the decline and fall of Britain on the private blog last week. Socrates agrees with Bailey’s pessimistic stance. Inflation has surpassed 10% in the UK, and food and energy costs are expected to rise continually. The Bank of England now projects that the economy will shrink during Q4 2022, and the decline will continue until the end of 2023. Our models state that the decline will last longer than they expect.

If the new PM Truss is any indication of where policy is heading, Britain is in big trouble. Central banks do not like to admit defeat either. Look how Powell carefully changed his stance over the course of the year in terms of inflation. He did not want to create a panic by telling the public that they were screwed. The BoE has no other choice but to be brutally honest. The heads of central banks are now coming forward to offer their condolences for an issue they helped to create with artificially low rates. The BoE is still in better shape than the ECB, but that is not saying much.

EU Commission Announces 5 Point Plan for Energy Crisis, Including Increased Imports of U.S. Natural Gas Driving Up Prices for U.S. Consumers


Posted originally on the conservative tree house on September 7, 2022 | Sundance 

According to the U.S. Energy Information Association (IEA), U.S. storage of Liquified Natural Gas (LNG) is 12% below the five-year average (LINK).  Additionally, the IEA is expecting the U.S. to export 11.7 billion cubic feet of LNG per day during the fourth quarter of 2022 — up 17% from the third quarter. The destination of that export is Europe.

Consider that 43% of U.S. households use LNG for home heating, and power suppliers use LNG to create electricity.  With the massive 2022 exports of LNG to Europe (+17% in fourth quarter alone), that means lower domestic supplies and increased prices here in the United States for electricity and home heating.  We are seeing and feeling these massive price increases right now. As a result, consider this reality….

Not only are U.S. taxpayers directly paying for the majority of costs in Ukraine, but we are also subsidizing the European Union by exporting LNG and driving up the price here at home.

We are directly paying Ukraine, and indirectly paying Europe to maintain gas sanctions against Russia.  This is the reality of the current situation as created by the Biden administration.

Now, consider this.  The President of the European Commission, Ursula von der Leyen held a press conference in Brussels today, announcing five initiatives to contain the expensive EU energy crisis: “The goal is clear. We must cut the revenues of Russia that Putin uses to finance this atrocious war against Ukraine. And now our work is paying off. At the start of the war, gas from Russian pipelines accounted for 40% of all imported gas. Today it has dropped to only 9% of our gas imports. These are tough times. But I am convinced that Europeans have the economic strength, the political will and the unity to maintain the upper hand,” she said.  The United States and Norway are the primary suppliers of gas to the EU to fill the void.

Commissar von der Leyden’s five initiatives include:

(1) Conservation of electricity through forced and mandated cuts in electricity use.  The amount of the cut has yet to be determined but reducing demand through forced curtailment of electricity use is the first approach.  [Insert California as an example here in the United States.]

(2) A cap on the profit generated by energy suppliers who use renewable energy like wind and solar.  The renewable industry has lower costs, yet they are profiting from the top line increase in delivered electricity.  The EU commissar is proposing to confiscate the profits of Green Energy suppliers, direct the funds to the member states and then use those funds to subsidize the energy costs of poorer EU citizens.

(3) A cap on the profits generated by traditional fossil fuel energy suppliers (oil, coal, nuclear, gas electricity generation), and the diversion of those profits following the same formula as above.

(4) Banking support and financial liquidity for smaller regional energy providers who are having short term financial issues as they must pay massive amounts of money for the raw material needed to generate electricity.  Essentially, the cost of coal, oil and LNG has skyrocketed, and there is a lag between the time they energy company must pay for the fuel source and the time the customer pays the electricity bill.   The inbound fuel costs (new) are so extreme the inbound payments for prior electricity (old) are not covering the cost of the new supplier purchase.

(5) A price cap on Russian natural gas.  To accompany the increased import of Norwegian and U.S. gas.  This sounds like a bizarro effort to manipulate the market which could backfire.  If Russian gas is cheaper than EU market gas, the smart energy providers will purchase the Russian gas.

Not a single word about increasing the supply of any traditional energy resource.  These ideologues are so committed to the cult of climate change and renewable energy, they are intent on destroying the economy in order to lower demand to the level of their windmills and solar farms.  This is madness, absolute madness.

Here’s the presser:

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German Minister of Economics, Robert Habeck, Under Fire as Energy Driven Reality of Economic Collapse Starts Sinking In


Posted originally on the conservative tree house on September 7, 2022 | Sundance

German Minister of Economics Robert Habeck is under fire after his comments during an interview with an ARD broadcaster on Tuesday evening.

The conversation surrounded the astronomical rise in the price of energy taking all the income away from people who would purchase other goods and services. As Germans no longer can afford purchases, the stores and businesses can no longer operate.  Minister Habeck was asked if that means a wave of bankruptcies and business closures are forecast.

Mr. Habeck responded that businesses can stop operating, but that doesn’t mean they will go insolvent.  Just because the business loses most or all of their revenue, doesn’t mean they will go bankrupt.  That doesn’t make sense, Minister Habeck was pressed to apply commonsense. If businesses close to save money, workers are not employed. If workers are not employed people do not earn income.  If people do not earn income, the economy worsens.

Habeck had no response other than an economically detached “Green Party” perspective that businesses will not go bankrupt just because they are not operating. However, his facial expressions reflect that he knows what comes next, total economic collapseWATCH: 

(Reuters) – German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say are threatening their existence.

Asked whether he expected a wave of insolvencies at the end of this winter due to companies’ rising energy bills, Habeck said “No, I don’t. I can imagine that certain industries will simply stop producing for the time being.”

The answer, in an interview with ARD broadcaster on Tuesday evening, sparked criticism of the minister in charge of Europe’s biggest economy, with mass-selling Bild newspaper saying Habeck “has no idea about the economy.”

Friedrich Merz, the conservative opposition leader, also took the opportunity to criticize Habeck, Germany’s second most popular politician, saying he and his ruling coalition were not taking energy and economy questions seriously.

“One could see how helpless Mr. Habeck you are with these questions last night on German television,” Merz told the lower house of parliament.

Habeck’s comments come as economists and industry groups warn that rising energy prices are a growing risk for Germany’s medium and small-sized businesses, which form the backbone of the economy.  (read more)

Things are about to get very spicy in Germany as the reality of the unsustainable Build Back Better agenda starts to sink in.  The intellectual disconnect from an economic minister to the consequences of an energy policy removing trillions of dollars from the economy is stunning.

Omicron Boosters Untested On Humans: Can Doctors Be Punished For Questioning Safety? – Ask Dr. Drew



Dr. Drew 
Published originally on Rumble on September 6, 2022 10,681 Views

Dr. Drew answers your calls LIVE on AB 2098 (California’s “medical misinformation” bill), new Omicron boosters that weren’t tested on humans, Dr. Fauci’s recent statements on annual COVID-19 shots, and more from your questions!