Democrats are the Enemy of the Middle Class


Armstrong Economics Blog/Inflation Re-Posted Aug 18, 2022 by Martin Armstrong

Biden signed into law the Inflation Reduction Act this Tuesday, wasting $437 billion of taxpayers’ dollars. “I’m keeping my campaign commitment. No one — let me emphasize this — no one earning less than $400,000 a year will pay a penny more federal tax,” Biden said before signing the legislation. Biden refused to take questions at the signing event.

Yet, independent analysis has shown that this proposal will harm small and medium businesses. “Most small businesses are organized as pass-through entities — LLCs and S Corps,” James Lucier, managing director of Washington-based policy research firm Capital Alpha, told The Post. “Proponents of increased auditing specifically say they want to target pass-through entities, which inherently means targeting small business and small business owners.” Lucier explained that smaller companies would be unable to fight back. Only large corporations have specialized lawyers to review everything and adhere to the plethora of laws.

The big companies are already using Biden’s failed plans to make a profit. The Inflation Reduction Act primarily pays for climate change controls, and they slipped in a $7,500 tax credit for those who can afford an electric vehicle (EV). So what did the companies do? Ford and GM simply raised the prices on their EV to match or exceed the tax credit.

Let’s not forget the 15% corporate tax minimum. Costs are always passed onto the consumer. Not a single Republican voted for this bill. Democrats are the enemy of the middle class — the wolf in sheep’s clothing.

Canada to Launch Digital Identity Program


Armstrong Economics Blog/Canada Re-Posted Aug 18, 2022 by Martin Armstrong

Trudeau is pushing forth the Great Reset at any cost. Canada will impose a federal “Digital Identity Program” to help the World Economic Forum develop a global ID system. Since the COVID passports failed, they are outright demanding that everyone carry proof of their digital identity.

Canada’s Digital Ambition 2022 report revealed the details of its plan:

“Now more than ever, we have work to do to make it easier for Canadians to interact with the Government of Canada, and we are committed to better serving Canadians in a digital age. This will require modern, integrated systems and an unwavering focus on the needs and experience of citizens. We have made progress, but we must continue to improve.

During the pandemic, the government quickly deployed new and innovative programs to support Canadians, but we have also seen examples where we can do more to deliver secure, reliable, and easy to use digital services.

Building on the vision outlined in Canada’s Digital Government Strategy, I am pleased to introduce the Government of Canada’s Digital Ambition (GC's Digital Ambition) which has been developed with this service imperative in mind… The GC's Digital Ambition will provide a solid foundation for the ever-evolving digital transformation of government. It will serve as an important tool to support the focus shared across ministers and departments to identify and implement better ways to ensure Canadians receive high quality, accessible, and efficient government services.”

We saw the power that digital IDs provided to governments. China was able to freeze bank accounts and prevent the freedom of movement by simply changing a QR code. As we saw in numerous countries with the COVID passport, people were unable to access public buildings and facilities. They were unable to leave their countries or provinces. Governments can effectively banish people from participating in society with digital IDs. This is simply one step away from actually microchipping the people as if we were owned by the government.

The Canadian government will be able to track every citizen’s movement. They will surely implement digital IDs into every facet of government, so the people will be required to carry their digital ID as if it were Nazi Germany. Freedom and privacy have been lost to tyranny.

CDC admits they SH*T the bed, Amber Heard style | HPH #136


By Habibi Bros. Published originally on Rumble on August 17, 2022 

Siraj and Jay discuss the CDC admitting to f*cking up the COVID-19 pandemic response, Liz Cheney gets ousted from Congress, developments in the FBI raid of Trump’s home at Mar-A-Lago, and the one-year anniversary after the catastrophic Afghanistan withdrawal. It’s everything that makes you want to drink on Habibi Power Hour.

Newsweek Sources Claim FBI Raid Was Cover for DOJ to Retrieve Russiagate Evidence Held by Donald Trump


Posted originally on the conservative tree house on August 17, 2022 | Sundance

Not wanting to put too much credibility behind any Newsweek report; however, the claims within the article mirror what we have suspected all along. [Article Here]

Essentially, the nub of the article states the DOJ claim to “retrieve federal documents” was a cover story so the FBI could retrieve evidence Trump took from DC showing his Russiagate targeting.  This is called “throwing a bag over it.”

Newsweek – The FBI raid on Mar-a-Lago last Monday was specifically intended to recover Donald Trump’s personal “stash” of hidden documents, two high-level U.S. intelligence officials tell Newsweek.

To justify the unprecedented raid on a former president’s residence and protect the source who revealed the existence of Trump’s private hoard, agents went into Trump’s residence on the pretext that they were seeking all government documents, says one official who has been involved in the investigation. But the true target was this private stash, which Justice Department officials feared Donald Trump might weaponize.

“They collected everything that rightfully belonged to the U.S. government but the true target was these documents that Trump had been collecting since early in his administration,” says the source, who was granted anonymity to discuss sensitive issues.

The sought-after documents deal with a variety of intelligence matters of interest to the former president, the officials suggest—including material that Trump apparently thought would exonerate him of any claims of Russian collusion in 2016 or any other election-related charges. (read more)

In a lengthy four-part series, what is described in the Newsweek article essentially tracks with our own review.

In Part One we outlined the background of the modern Deep State {Go Deep}. In Part Two we outlined the specifics of how President Trump was targeted by political operatives using tools created by the DC system {Go Deep}.  In Part Three we outlined how and why President Trump was blocked from releasing documents {Go Deep}.  In Part Four we outlined the specifics of what documents likely existed in Mar-a-Lago {Go Deep}.

Take out the leftist slant intended to make President Trump look like he did something wrong, and the Newsweek article sounds mostly accurate.

READ CTH PERSPECTIVE HERE ]

Ron DeSantis Wins the Coveted David Frum Endorsement – The Acceptable Republican Presidential Candidate


Posted originally on the conservative tree house on August 17, 2022 | Sundance

In addition to being a featured writer in The Atlantic, David Frum is a tenured member of the republican professional political class.  Frum has a similar pedigree to many well-known republican politicians, and his curriculum vitae includes:

“David Frum has been active in Republican politics since the first Reagan campaign of 1980. From 2014 through 2017, Frum served as chairman of the board of trustees of the leading UK center-right think tank, Policy Exchange. In 2001-2002, he served as speechwriter and special assistant to President George W. Bush.

David Frum holds a BA and MA in history from Yale and a law degree from Harvard, where he served as President of the Federalist Society.  He and his wife Danielle Crittenden Frum live in Washington DC and Wellington, Ontario. They have three adult children.” (link)

[ Source Link ]

National Bank of Romania Hires Fortune Teller


Armstrong Economics Blog/Central Banks Re-Posted Aug 17, 2022 by Martin Armstrong

The National Bank of Romania (BNR) is turning to ancient rituals to predict future economic movements. Gabriela Dima, 64, often referred to as Minerva, holds two majors in psychology and cinematography. She also happens to be a popular fortune teller, a Bucharest fairy, and the newest hire of Romania’s central bank.

Inflation in Romania reached 15.05% this June. Last month, the National Bank of Romania voted to raise interest rates by 100 basis points to 4.75%. What will the bank do next? Perhaps Minerva knows.

Fortune telling has been a long tradition in Romani culture that dates back hundreds of years. Although the church shunned the practice, people remained superstitious and often looked to tellers for advice. Minerva has not disclosed her position at the central bank, but BNR declared that she is indeed employed there. So perhaps she will lighten the sentiment and give some of the population a boost of confidence regarding the future. Either way, her advice will be better than any analyst following Schwab’s Great Reset agenda to topple the global economy.

The Mar-a-Lago Event


The attached paper is a reasonable analysis of the events from August 8, 2022 to August 15, 2022 which was is an event that will change the Republic forever. In the mad rush to save the planet from total destruction from green house gas emissions from carbon base fuels the worlds politicians are dismantling Western Civilization. Former President Trump is a major obstacle to Klaus Schwab and his fellow radicals in the World Economic Form (WEF) and they have decided to take him out any way they can since he is the only one that can stop them.

Tucker Carlson Reacts to the FBI Raid on President Trump’s Home


Posted originally on the conservative tree house on August 15, 2022 | Sundance

Returning from a vacation that coincided with the FBI raid on President Trump’s home in Mar-a-Lago, Fox News host Tucker Carlson delivered an extensive monologue upon his return Monday night.

Beginning by questioning the baseline assumptions, Carlson walks through the events as they are known. WATCH:

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CBS Caught Scripting Fake News, Narrative Engineer Norah O’Donnell


Posted originally on the conservative tree house on August 16, 2022 | Sundance

CBS narrative engineer Norah O’Donnell made the rounds today proclaiming the DOJ did not seize President Trump’s passports. At least that was the carefully constructed narrative within her messaging. LOOK: [Tweet Link]

Pretty cut and dry effort there.   “The FBI is not in possession of former President Trump’s passports.” “Trump had accused the FBI of stealing his three passports”…

Ten minutes later this statement from CBS Kelly O’Donnell.  LOOK:  [Tweet Link]

Riddle me this…

How does the Dept of Justice return something they did not take?

Washington DC journalism is stenography for the democrat regime.  Nothing more.

The Inflation Reduction Act is “Orwellian”


Armstrong Economics Blog/Politics Re-Posted Aug 16, 2022 by Martin Armstrong

Experts have stated that the Inflation Reduction Act will not reduce inflation in any meaningful way. So why is the White House spending $739 billion on this failed act? They have no idea! No Republican voted to pass the act, and the Democrats are yet again spending recklessly without reason.

The Congressional Budget Office analyzed the proposal and found it negligible at best. In fact, the CBO believes inflation could possibly rise in 2023 due to this expensive proposal. Estimates range from the act reducing inflation by 0.1% to increasing it by 0.1%. Furthermore, the Obamacare subsidies will be given to families earning up to $304,000 annually who do not need government handouts. The CBO also found that the 15% corporate tax minimum within the proposal will hurt businesses and prevent them from expanding.

“When you look at your next paycheck, remember that the Democrats voted to spend $740,000,000,000 of your hard-earned money to double the size of the IRS and to pay for their reckless tax & spending spree,” Senator Thom Tillis tweeted. So why is the White House expected to pass this legislation?

ABC News anchor Jonathan Karl questioned clueless White House Press Secretary Karine Jean-Pierre. “But let me ask you, it’s called the ‘Inflation Reduction Act,’ but the Congressional Budget Office, which is nonpartisan, said that there would be a negligible impact on inflation this year and barely impact inflation at all next year, isn’t it almost Orwellian?” Karl asked. “How can you call it inflation reduction when the nonpartisan experts say it’s not gonna bring inflation down?”

Jean-Pierre did not have an answer. She simply stated that the proposal is “making sure that billions in corporate America are paying their fair share.” We know from data that the IRS will target everyone and has historically gone after lower-income Americans. Another Democrat-backed reckless spending bill that taxpayers will pay for without ever having the opportunity to cast a vote.