Posted originally on the CTH on December 18, 2023 | Sundance
The headline is the non-pretending reality. Now that Joe Biden has designated EPA mandates for U.S. automobiles that include having at least 50% of all new vehicle sales be electric by 2030 {LINK}, three major Chinese EV manufacturers are reportedly building manufacturing facilities in Mexico.
Blackrock investments steer WH policy {Go Deep}. Blackrock investments are heavy in China and EV production. Blackrock returns on their investments would be substantial with Chinese EV production in Mexico. Quite a coincidence.
BUSINESS INSIDER – Three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, according to a new report.
MG, BYD, and Chery are all looking at sites to build new factories in the country, according to unnamed sources cited by The Financial Times, and this investment is causing angst in Washington as it seeks to keep China out of the US electric car market.
US officials have reportedly raised concerns with their Mexican counterparts over Chinese investment, with the new sites potentially including a new $1.5 billion to $2 billion MG electric car factory and a factory investment worth hundreds of millions of dollars from Warren Buffett-backed Tesla rival BYD.
China’s electric vehicle market is booming, and local manufacturers are increasingly looking to expand overseas amid cutthroat competition for customers back home.
The US has attempted to protect the US market by unveiling new rules earlier this month to make it more difficult for EVs made with Chinese parts to qualify for tax breaks.
But the possible expansion of Chinese automakers into Mexico, which recently replaced China as the US’ biggest trading partner, will fuel fears that it could serve as a backdoor. (read more)
Posted originally on Dec 17, 2023 By Martin Armstrong
QUESTION: Marty: You have mentioned that Trudeau’s freezing of accounts of anyone who donated to the Truckers was a test run for CBDCs. Do you think this is the end goal to control 100% of our lives?
GD
ANSWER: Hopefully, this will become a Presidential campaign issue. But they are desperate to stop Trump. Congress, including the traitors pretending to be Republicans, passed legislation that NO president can withdraw the US from NATO. This will enable the Neocons to start war BEFORE the 2024 election, and this legislation is to usurp the power of the president, assuming it might be Trump to make it so that he cannot exit World War III. Every politician who voted for that legislation should be thrown out of office in 2024 – PERIOD!
That said, the CBDCs are intended to control our social behavior. This transforms society into a digital prison, which is why the Founding Fathers outlawed Direct Taxation. The rally to Marx at the end of the 19th century led to the introduction of the Income Tax in 1913, and they swore they were going only after the trich. By World War II, they introduced the Payroll Tax because Roosevelt’s Marxist agenda was to include Social Security, and we, of course, had to be FORCED to save for our own future. That became a slush fund that was restricted to buying only government debt to fund this Marxist agenda.
You are being imprisoned with every piece of legislation, like reporting $600 transactions through various cash apps. You have lost ALL your LIBERTY – you don’t know it yet. They could simply create some nonsense and prevent you from donating to Trump or RFK and just make up some nonsense charge. The January 6th had unmarked buses filled with federal agents dressed as MAGA supporters before anyone showed up to stage the event so they could charge Trump and use the 14th Amendment to prevent him from gaining the White House. The Democrats refused to let RFK in, and Biden refused to give him Secret Service protection. In Florida, they tried to remove any contender from the ballot to challenge Biden. This is all about creating war. They let the border open to allow terrorists in so they can declare Martial Law and restrict everyone’s movement. All FREEDOM has been lost!
What Trudeau did in Canada permitted the bypassing of due process of law, which is the foundation of a free society. Wake up! Digitization of the monetary system will allow them to totally kill all dissent. There will be NOTHING left standing. This is what 2032 is all about. We are the ants beneath their feet. Anyone who thinks they care at all about us is an absolute fool.
We cannot stop it. This is NECESSARY for political change. This is them fighting to retain power when they fully understand that this monetary system is collapsing. This is not going to be this Great Taking. That would be an instantaneous revolution. They are not that stupid for even the army would rise up against them. This is about total control leaving you with your trinkets.
As this is rolled out, ONLY then will it open the eyes of the masses. Unfortunately, this is also why movements like Transgender, Black Lives Matter, you name it, are all about dividing the people. They MUST keep the people divided and fighting among themselves so they do not unite against the government, where the common denominator is FREEDOM.
It was Julius Caesar who said – Divide and conquer. Hitler attacked the Jews BECAUSE they were the bankers, and he needed to blame the hyperinflation on the bankers. He divided the people and then came – Papers, please! That is precisely what they are doing to us with CBDCs. This is the purpose of Gates’ UN-organized digital IDs. To prevent freedom of movement. Digital IDs to vaccine passports are all designed to prevent movement. Europe, as of January 1, 2025, will require visas from Americans to visit, and they will apply your social credit score to determine if you are eligible. Still, they intend to start World War III before that, creating an external distraction to divert people from the loss of liberty. This is the government’s objective- the enemy of freedom – as always, no matter what century or culture to look at.
Posted originally on Dec 14, 2023 By Martin Armstrong
Whenever those in Congress mess with real estate, they have ALWAYS, and without exception, caused a major crash. The Entire Savings & Loan (S&L) Crisis was a catastrophic disaster that wiped out nearly one-third of all the 3,234 savings and loan associations in the United States between 1986 and 1995. I previously mentioned that hedge funds were created by a regulation conflict between the Commodity Futures Trading Commission (CFTC) and the Securities & Exchange Commission (SEC). If you obeyed one, you went to jail with the other.
Back in the 1980s, we began the S&P500 Report when futures started to trade. We had to refund everyone’s money and shut down the report because these two agencies were fighting over who had the regulatory power of stock index futures. We could not provide analysis as long as the two agencies fought for power. It came down to a Supreme Court decision that finally said forecasting was free speech – SEC v Lowe. Nevertheless, in funds management, you could not hedge for a client domestically because if you had a stock portfolio and you thought there was a crash unfolding, you were only allowed to hedge 17% for anything more than that made you a futures fund – rather than a stock fund. The only way to trade everything was to move offshore, and these were called Hedge Funds, which you were not allowed to do domestically. To this day, you have separate funds domestically, each claiming they are the best, forcing the decision onto the average person.
The S&L crisis was also created by Congress’s persistent quest to regulate things they do not understand. Once more, there was a conflict and mismatch of regulations regarding S&Ls v banks. Congress had imposed restrictions on S&Ls with the creation of the Federal Home Loan Bank Act of 1932, which included such caps on interest rates on deposits and loans. They also directed that S&Ls should be lending into the real estate market and banks should be focused effectively on businesses. The banks still could do mortgages.
The market conditions moved into deflation between 1981 and 1985 because Volcker raised rates at the Fed to 14% to stop inflation, which caused capital inflows to buy bonds, sending the dollar to rise dramatically on international markets. The British pound crashed from $2.40 to $1.03 by 1985. However, the regulations on how much interest an S&L could pay meant they could not compete with the rates that the Fed adopted, and nobody in Congress noticed until 1982. The S&Ls experienced a massive capital outflow, and they were left with low-interest long-term mortgages.
In 1982, President Ronald Reagan signed Garn-St. Germain Depository Institutions Act, which was intended to correct the conflict between high interest rates and caps on the S&Ls. The reform eliminated loan-to-value ratios and interest rate caps for S&Ls. In addition, it also allowed them to hold 30% of their assets in consumer loans and 40% in commercial loans for the first time. The S&Ls began paying higher rates to attract funds. S&Ls also began investing in commercial real estate, which had tax advantages with regard to amortization.
As always, the Democrat’s constant hunt to punish the rich with every breath they take caused the entire S&L crisis of the 1980s. The Democrats only see the money dangling in front of them and nothing else. They pushed through a landmark 1986 Tax Reform Act that reduced the top personal income tax rate from 50% to 28%. However, in a bitterly divided Congress, as usual, demanded a compromise and that the income tax cuts were to be paid for by raising the rate on capital gains from 20% to 28% and limiting the deductibility of real estate losses for passive investors. The braindead unintended consequences undermined the entire real estate market and took down the S&L Industry in the process.
The S&L crisis demonstrated that those in government NEVER understand the private sector. They created the business model of the S&Ls whereby they made 30-year fixed-rate mortgages, which Roosevelt invented to solve the real estate collapse back in the Great Depression. To provide those loans, S&Ls depended on a deposit based on DEMAND that could be withdrawn within 30 days. When the Fed raised rates to 14% in 1981, the S&Ls were in trouble and lost deposits when they were prevented from paying higher rates. That was not lifted until the Reagan 1982 reform. This is the basic banking model using on-demand money to lend out long-term. To this day, the Fed directs the “Model Risk,” which you can review at SR 11-7: Guidance on Model Risk Management.
At first, the measures seemed to have worked, and by 1985, S&L assets had risen by almost 50%. Commercial real estate became the “hot” market. This is what attracted the Democrats. They saw all this money pouring into mortgages, so they could not resist changing the laws to get at that money in 1986. The Economic Recovery Tax Act of 1981 accelerated the depreciation of commercial and noncommercial real estate, making those investments quite attractive. Then, the Democrats saw the money and pushed the Tax Reform Act of 1986 to extend depreciation schedules for both real estate forms, reducing the attractiveness of those investments.
These people NEVER understand market behavior. By extending the depreciation tables, they created a one-way market. Real Estate collapsed, everyone tried to sell, and there was NO BID! One of the few Congressmen with real estate experience at the time called me and asked what my model projected. I told him this would be a major crash that would cost a fortune because there were also government guarantees behind a portion of the mortgages left over from the Great Depression days. Nobody would listen to his warnings.
In the meantime, pressure was mounting on the Federal Savings and Loan Insurance Corporation’s coffers (FSLIC). By 1987, the FSLIC had become insolvent. Rather than allowing it and S&Ls to fail as they were destined to do, the federal government recapitalized the FSLIC, exposing taxpayers to even greater risk. The S&Ls were allowed to continue to pile on risk. I had a client who wanted to buy an S&L, and I advised him not to get involved and that the crisis would worsen. He did not listen, bought a failed S&L, and recapitalized it; as the crisis worsened, they kept changing the capitalization requirement, ended up seizing his S&L, and lost most of his investment.
A bill is now being introduced to Congress that will prohibit hedge funds and other institutional investors from buying single-family homes. What these people in Congress FAIL to ever understand, is that they will now eliminate that segment of buyers and create a one-way market. Prices will have to collapse as these investors will ONLY be able to sell to a mom-and-pop, and as we head into a recession from 2024 to 2028, this does not bode well for the blue states especially.
The intent of the bill is to address the housing supply, which continues to dry up as prices have been climbing 20% since 2021. They believe that the low housing supply is driving up prices, and they are pointing their finger at hedge funds to blame, like Blackrock. The bill’s sponsors are U.S. Senator Jeff Merkley (D-OR) and Representative Adam Smith (D-WA). Of course, they ignore their spending, and pouring countless billions into Ukraine has nothing to do with inflation, and certainly, their COVID scam had nothing to do with anything regarding prices or unemployment. It is NEVER them on Capital Hill – it is always we, the Great Unwashed.
This bill is entitled the End Hedge Fund Control of American Homes Act of 2023, targeting both hedge funds and private equity firms that have been buying single-family houses as investment properties. While the bill addresses a serious issue, what we MUST understand is that people “feel” rich when their homes rise in value, for they see that as their savings. Both the Great Depression and the Great Recession of 2007-2009 impacted real estate, and this is the MOST sensitive area of the economy. You can take the stock market down 90% and the bond market. They will impact only a portion of the economy, typically the upper classes. However, when you take down the real estate market, now you are messing with the bulk of the middle class.
Senator Jeff Merkley said in his statement, “The housing in our neighborhoods should be homes for people, not profit centers for Wall Street.” While I do not support Blackrock and its agenda, this is closing the barn door after the horse ran away. He has made a big splash, saying: “It’s time for Congress to put in place commonsense guardrails that ensure all families have a fair chance to buy or rent a decent home in their community at a price they can afford.”
Larry Fink, BlackRock CEO, is a board member of Klaus Schwab’s World Economic Forum who preaches you will own nothing and be happy. Fink is also behind Zelensky, promising to invest in a war zone. Meanwhile, Fink sent his 2022 letter to CEOs of companies he has invested in on January 17th, 2022, while intimidating them to follow Schwab’s WEF. His letter reflected Klaus Schwab’s Agenda 2030. He stated:
“I write these letters as a fiduciary for our clients who entrust us to manage their assets – to highlight the themes that I believe are vital to driving durable long-term returns and to helping them reach their goals.”
BlackRock insists that it does not invest in single-family homes. It claims that it invests in multifamily properties, apartment complexes, and other residential real estate. They insist that they are not one of the large asset managers and private equity firms who have been buying single-family homes.
On August 2, 2021, CNN reported that during the first three months of 2021, “nearly a quarter of all homes sold in the United States were going to investors.” They reported that BlackRock (BLK), JPMorgan Chase (JPM), and Goldman Sachs (GS) were among the big-name buyers. They further reported, “Institutional investors still own only about 2% of all single-family rentals in the United States, or roughly 300,000 homes, according to John Burns research director Rick Palacios.”
The headline from 2021 made it sound that Blackstone was BUYING 17,000 single-family houses, outbidding regular mom-and-pop buyers with its $6 billion war chest. Blackstone bought Home Partners of America, which had already owned 17,000 single-family houses, and rents them out to tenants with an option to buy at a preset price at any time with 30 days’ notice. They insist that they are facilitating private home ownership by providing an option to buy.
Here is a chart provided by Freddie Mac, which shows the contest between large institutional buyers vs mom-and-pop as a percentage of the marketplace. The overall market share of investors has grown to around 30%. Like the changing of the depreciation table on real estate in 1986 by the Democrats caused a one-way market of sellers with no bid, outlawing investors now when they already have 30% of the market can lead to a MAJOR recession following the ECM between 2024 into 2028.
We have a Directional Change in 2024 and should expect higher volatility into 2025.
Posted originally on Dec 14, 2023 By Martin Armstrong
Government officials do not understand why Americans are disappointed with Bidenomics. Biden’s own team did not realize the term “Bidenomics” was intended to mock the president’s policies and they have adopted it as their own. “Bidenomics is about growing the economy from the middle out and the bottom up, not the top down,” Joe Biden posted on X, formerly Twitter, in July 2023. Americans’ personal financial situation has only deteriorated under Bidenomics and no one seems to understand why.
A November poll published by the Financial Times found that only 14% of Americans believe they are better off financially under Biden. Those people are likely on welfare. Around 70% of American voters feel Bidenomics hurt the economy or had no impact, with 33% saying they “hurt the economy a lot.” These numbers are staggering, as no president in recent history has managed to derail a stable economy so rapidly.
When asked why Bidenomics was not landing with Americans, Treasury Secretary Janet Yellen said she believes COVID is to blame. COVID has provided Biden with the only optimistic data figure in that unemployment naturally decreased once the economy reopened, but of course he is chalking it up to his policies. Sacrificing America’s energy independence for the Build Back Better agenda was Biden’s priority on day one in office. We have seen inflation rise every month of his presidency and experienced record-high inflation in June of last year. INFLATION WAS AT 1.4% WHEN JOE BIDEN TOOK OFFICE IN JANUARY 2021.
Now, I obviously do not blame the government for the issues at the Fed and their QE failures. However, the Fed has been attempting to tame inflation by raising rates and it simply is ineffective. Biden prided himself on implementing countless multi-trillion-dollar spending packages at a time when America is operating at its steepest deficit. Then Biden’s Administration managed to insert itself in numerous overseas conflicts. They also allowed million of illegals to invade America and paid them to do so. Inflation cannot decline amid war.
The majority of Americans have a drastically lower standard of living thanks to Bidenomics. Some estimates believe 63% of Americans now live paycheck to paycheck. Real disposable income has decreased 7.5% since January 2021, and credit card debt is up 36.2%. Monthly savings have plummeted 81.4% since Biden took office, and home affordability is down 37.3%.
It is an insult at this point for the current administration to gaslight Americans into thinking our situation is anything but dire.
Posted originally on the CTH on December 13, 2023 | Sundance
Someone asked: …”[Alex] Jones’ theory of the “massive cyber-attack” that requires a lockdown of the internet, followed by a limited access/controlled access internet where only approved (“safe”) sites can be accessed is both alarmingly believable and difficult to prepare for. It also nearly perfectly mirrors the COVD playbook in a virtual way – virtual lock downs, virtual “approved activities/sites”, controlled information and total censorship.” (link)
My requested response… Where the heck do you think Jones’ came up with that theory? Go back to AUGUST 2023, it’s so transparently predictable I even created a drop-down category “Internet” for the citations and articles about it. Jones is describing what I called, “The shadow banning of the internet“.
The process isn’t complicated if you have followed the development of the government systems. DHS is not going to shut down the North American Internet, just change the pathways using their public-private partnerships with social media and Big Tech. Justification big picture: national security. Details of control found in the motives of creating labels like, disinformation, malinformation, or misinformation.
[September 2023] – You might ask – why is the Dept of Homeland Security (DHS) in the business of conducting widescale surveillance, monitoring and tracking of American citizens?
Unfortunately, if you are asking that question, then you likely don’t know the First, Fourth and Fifth Amendments to the U.S. Constitution were usurped by the 2001 Patriot Act.
George W Bush and Dick Cheney created the domestic surveillance system under the auspices of DHS and the Office of the Director of National Intelligence. Barack Obama and Joe Biden then took that DHS surveillance system and modified the dials (Justice Dept., FBI) so the surveillance only applied to their ideological enemies.
If you have followed my outlines on this issue [Category Here], you will note exactly where this development falls on the continuum. The 2024 election is right around the corner. Previously, I stated the artificial intelligence (AI) component to the internet surveillance system was going to launch toward the end of this year. Well, DHS has just announced exactly that [SEE HERE].
I find it very interesting the DHS memo was issued on August 8th, but only published for the general public September 15th. July and August were when I first identified AI spider crawls were already underway. Pay very, very close attention to the two underlined words in the following paragraph:
Take out the word “improper” and the admission is, DHS uses AI to profile, target and discriminate. In the second sentence, DHS currently participates in systemic, indiscriminate and/or large-scale monitoring, surveillance, or tracking of individuals. The only thing those sentences in the paragraph say, is that DHS will not allow AI to create improper outcomes within a system they outline that already exists.
Stop and reread that last sentence as much as needed. Inasmuch as this DHS guidance is telling us the rules for Homeland Security (DHS) and the Cybersecurity and Infrastructure Security Agency (CISA) as they use AI, they are also outlining what current processes of surveillance would be enhanced by it.
DHS’ AI task force is coordinating with the Cybersecurity and Infrastructure Security Agency on how the department can partner with critical infrastructure organizations “on safeguarding their uses of AI and strengthening their cybersecurity practices writ large to defend against evolving threats.”
What are those critical infrastructure organizations? They include voting systems. Who or what are those evolving threats? You!
Federal News Network – […] The report also recommends DHS encourage pursing off-the-shelf commercial solutions instead of “building everything in-house.”
Mayorkas emphasized the need for DHS to adopt AI quickly, regardless of whether it’s commercially acquired or internally developed technology.
“We have got to change the procurement capabilities of a government agency to actually move quickly and nimbly, so that when we’re dealing in a very dynamic environment, we can actually move with dynamism,” Mayorkas said. “I’m not suggesting moving to a sole source model, but we just have to be quick.”
He also stressed the need for DHS to prioritize where it will use AI, rather than attempting to adopt it across every mission and use case. The report points to combatting both fentanyl and human trafficking as use cases that could be “accelerated and championed” across DHS. But it also suggests DHS “integrate AI/ML into as many areas of the DHS mission as possible.”
“We’re going to need to prioritize what aspect of our mission should we really double down on to harness AI because I worry about diluting our focus too much,” Mayorkas said. “And I really do want to demonstrate, as quickly as is responsible, how this could really be a game changer for us in advancing our mission . . . we have to pick our spots here, in my view, somewhat surgically.” (more)
Notice the emphasis on speed. Get this AI system launched into DHS surveillance, tracking and monitoring systems as quickly as possible.
Now do you see my point about how radical and fast everything is going to change? It’s the 2024 election targeting.
Remember, the Dept of Defense (DoD) will now conduct online monitoring operations, using enhanced AI to protect the U.S. internet from “disinformation” under the auspices of national security. {link}
I share this information with you so that you understand what is being constructed and what is about to be deployed on a large-scale throughout the U.S. internet operating system. The U.S. internet will be different. The social media restrictions became more prevalent and noticeable in the past several years; now it is time for DHS to expand that process and begin directing traffic.
When I wrote about Jack’s Magic Coffee shop, people initially thought I was crazy – but the guys inside the coffee shop didn’t. Eventually DHS control over Twitter was revealed in the Twitter Files. The same background is true here. The entire American online apparatus is going to change, quite soon.
Posted originally on Dec 11, 2023 By Martin Armstrong
According to a recent Federal Reserve report, US household wealth experienced a significant decline in the third quarter, largely attributed to deep stock losses. The central bank’s report revealed that household net worth fell by approximately $1.3 trillion, or 0.9%, from July to September, amounting to $151 trillion. The decline was primarily driven by a $1.7 trillion drop in the value of equity holdings.
This comes after a volatile year for the stock market, with all three major indexes experiencing a significant downturn in mid-2023. While the market has since recovered, the report also indicated a continued rise in household debt, which increased at a 2.5% annual rate in the third quarter. The decline in household wealth has raised concerns about its potential impact on consumer spending, borrowing, and investing, as well as its implications for the broader economy.
Americans living off credit began pulling from their 401K accounts early during Q3. Hardship withdrawals rose 13% in the beginning of June after already being 27% higher than January. Hardship withdrawals allow employees to pull money out of their 401K for an “immediate and heavy financial need.” No one would recommend doing this unless the situation was dire as individuals must show evidence that the money will be used for a major hardship in order to avoid the 10% early withdrawal fee imposed for those under 59.5.
The year 2023 marked the first time personal credit debt surpassed $1 trillion. Credit card interest rates average 24.56%, according to LendingTree. Credit cards aside, American households are carrying $17.29 trillion in various forms of debt, with the average household hosting $103,358 in debt that continues to compound.
Posted originally on Dec 8, 2023 By Martin Armstrong
Canada has announced a plan to use a cap-and-trade system to impose greenhouse gas emission limits on its oil and gas industry. Under the “draft framework,” Canada will issue emissions allowances to oil and gas producers, which will be capped at levels between 35% and 38% below 2019 levels, beginning in 2030. The government will then continue to lower allowances in stages until the industry reaches net zero by 2050.
Ottawa plans to finish drafting regulations by next year, with a final plan in place by 2026. Environment Minister Steven Guilbeault called the plan “ambitious” but “practical.” “It considers the global demand for oil and gas, and the importance of the sector in Canada’s economy, and sets a limit that is strict, but achievable,” Guilbeault said. This is all part of Prime Minister Justin Trudeau’s plan for Canada to achieve net-zero emissions by 2050, which he announced during his election in 2021.
Critics state that the timeframe is simply not achievable for the world’s fourth-largest oil producer and fifth-largest natural gas producer. Federal Energy Minister Jonathan Wilkinson admitted that the government is uncertain how they will implement these measures without shutting down production entirely. A failed execution “would essentially make us poorer in Canada and make our American friends or folks in Saudi Arabia or elsewhere richer,” he stated.
Globalists everywhere are making lofty pledges on the heels of the COP28 summit. The only rush comes when attempting to meet these arbitrary targets. The only reason governments are targeting 2030 and 2050 is because they were directed to do so by Klaus Schwab and the globalists at the World Economic Forum. It will be interesting to see the final plans for this idea that sacrifices Canada’s economic health for the climate change psyops.
Posted originally on Dec 8, 2023 By Martin Armstrong
The Metropolitan Transportation Authority (MTA) believes that taxation could decrease traffic congestion in New York. Vehicles will be charged an additional $15 daily to enter Manhattan from 60th Street or below, while trucks will face a fine between $24 and $36. New York Gov. Kathy Hochul strongly backs the measure as she believes it will help to clean up New York.
“Congestion pricing means cleaner air, better transit and less gridlock on New York City’s streets and today’s vote by the MTA Board is a critical step forward,” Hochul commented. As a reminder, New York City just voted to slash funding for sanitation. It is not an exaggeration to say that the city is overrun with rats. The police budget is declining by $5.6 billion as well at a time when crime is through the roof and the city’s infrastructure is crumbling as busloads of illegals arrive daily.
Do they want to utterly kill the leisure and hospitality industry? As a previous resident of New Jersey, I saw the tolls into New York rise over the years. It now costs a good $20 in tolls simply to cross into the state, and parking fees in the city are some of the highest in the nation. Now you have to factor in an added daily congestion fee and it will cost the average person a good amount simply to enter Manhattan.
Obviously they want people to rely on public transportation as the coming 15-minute cities will not require personal vehicles. Taxis will charge passengers an extra $1.25 to meet the toll while Uber and Lyft plan to implement a $2.50 fee. People earning under $50,000 annually can apply for a discounted rate only after their first 10 trips per month.
They’re banning coal and wood ovens so there will soon be no reason to stop in the city for a slice of pizza or world famous cuisine. Former grand hotels are now migrant camps and thousands of undocumented military aged men are scattering the streets. Crime is rising and Soros-backed DAs won’t allow criminals to be prosecuted. The people of New York will never see the money derived from this new tax. Yet another reason why I will never return to NYC.
Posted originally on Dec 7, 2023 By Martin Armstrong
Permitting health agencies to dictate what we can and cannot do is a slippery slope. These health agencies, such as the World Health Organization, work on behalf of their donors who support lobbying interests. For example, numerous health agencies began telling people to consume less meat after the plans for the Great Reset were formulated. Now, the WHO believes governments globally should place a higher tax on sugary and alcoholic beverages.
There is no denying that alcohol is dangerous. The WHO estimates that 2.6 million people worldwide die from ethanol each year. The pandemic that the WHO also supported increased alcohol usage and deaths involving alcohol spiked over 25% from 2019 to 2020. In fact, alcohol killed more young people than COVID itself. However, government agencies do not need to parent the taxpayers. Prohibition failed miserably, and prohibiting or increasing taxes on a product will not decrease demand. Additionally, the WHO wants to impose these tax rules worldwide. Wine is a staple in many European diets and a number of countries do not tax the beverage at all. The WHO wants that to change.
“Taxing unhealthy products creates healthier populations. It has a positive ripple effect across society, less disease and debilitation and revenue for governments to provide public services,” said Rüdiger Krech, the WHO’s health promotion director. “In the case of alcohol, taxes also help prevent violence and road traffic injuries.”
Only 108 of the 194 member states have implemented a tax on sugary beverages. The WHO believes 8 million deaths per year could be saved if people ate healthier diets. SSB (sugar-sweetened beverage) taxes account for “just 6.6% the price of soda.” The WHO does not state how high the tax should be on these products but believes higher taxation should be universally adopted.
The agency admits that poor people will be unfairly targeted by these taxes as they typically choose the cheapest option available. The average tax on beer is 17.2% and 26.5% for spirits. “A pressing concern is that alcoholic beverages have, over time, consistently become more affordable,” WHO Assistant Director-General Ailan Li said. “But increasing affordability can be curbed using well-designed alcohol tax and pricing policies.” Why not look at past RECENT examples to see the consequences?
The money earned from the proposed tax increases would never see the hands of the people. Agencies like the WHO only exist to push an agenda on the masses and they do not care about public health. I do not want to know my recommended daily insect protein intake. I do not want to pay triple the cost for the foods deemed “unhealthy” by an agency that was never elected.
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 