Posted originally on Feb 13, 2025 by Martin Armstrong
The two states that are attracting the most investment capital and migration from the notorious Blue States of California and New York are none other that the two states without income taxes – Texas for computers and Florida for finance.
Trump’s announcement of his intention to transform the US into “the world capital of artificial intelligence (AI)” and what is now being called Stargate is said to be the largest project of its kind “by far in history” with the joint venture between tech firms OpenAI, SoftBank, and Oracle. This is said to be investing $500 billion in AI infrastructure over the next four years of the Trump Administration. Big tech is migrating from California and its Silicon Valley is moving brick by brick to Texas. They say 10 data centers are already under construction in the state, 10 more are on the way, and the project’s first one-million-square-foot data center will be based in Abilene in western Texas.
The flight out of New York has been underway since, especially with the COVID-19 pandemic. That was the final nail in the coffin of NYC. Wall Street executives have been shifting operations and jobs to Florida, fleeing New York City. Well over 200 financial firms have left, and some of the biggest fund managers. The shift is now over $2 trillion, showing no sign of letting up. The peak for NYC actually came in 2016, which was right on target with the 224-year cycle of political change from the founding of the New York Stock Exchange, which traces its origins to the Buttonwood Agreement signed by 24 stockbrokers on May 17, 1792.
Moreover, tax exemption for municipal debt could be chopped with the Tax Cuts and Jobs Act (TCJA) of 2017 slated to expire at year-end 2025. Tax loopholes will be high on Republicans’ legislative agenda. However, an extension or expansion of TCJA’s provisions could grow the federal budget deficit sharply. Tax-exempt municipal bonds date back to the earliest federal income tax in 1913 and have been a pillar of state and local project funding ever since. It is not that they have managed the debt efficiently. According to the National League of Cities, municipal bonds are a $4 trillion market and have financed approximately 75% of US infrastructure—with hospitals, schools, airports, water and sewer systems, public power facilities, and toll roads among the many beneficiaries.
Detroit went bankrupt in February 1933, before U.S. municipal bankruptcy laws were enacted, the city defaulted on its $350 million in outstanding debt (equal to $6.4 billion today). Many of its suburbs joined in the insolvency. On the American side of the border, Dearborn, Farmington, Pontiac and Royal Oak all defaulted; on the Canadian side, Windsor, Ont. went bankrupt. In fact, in Canada, East Windsor, Sandwich and Walkerville all were in default by 1934. A 1935 act of the Ontario provincial legislature consolidated these cities and their debts into contemporary Windsor, and the debt was slowly repaid. The tax free status in the US was also to overcome the defaults and suspension of debts during the Great Depression in addition to widespread defaults of nations in 1931 onward.
As this migration continues from the Blue States to the tax-free Red States, we will see a rash of defaults at the muni and state levels post 2026.
Posted originally on Feb 10, 2025 by Martin Armstrong
USAID awarded $260 million in grants to various organizations linked to George Soros who openly uses his organizations to alter global democracies. It has already been revealed that the alleged nonpartisan agency gave the Democrats 97% of political funding during the last election. It appears that USAID has deeper political influence as it granted millions over the years to non-governmental organizations (NGOs) directly affiliated with Soros and the Open Foundations Societies (OFS).
Our foreign aid has been used to dismantle traditional Western values across the world. USAID provided $90 million to OFS partner East-West Management Institute. “Strengthening democratic societies by fostering collaboration between governments, civil society, and the private sect or to build transparent and accountable institutions,” is its mission statement as the organization is clear on its objectives. The Anti-Corruption Action Centre (ACAC), another OFS partner, has 20.7% of total funding paid for by USAID. Alliance for Open Society International (AOSI) was on the payroll too, and actually sued USAID for demanding that grant recipients adopt an anti-prostitution stance.
Judicial Watch found that USAID directly funneled $5 million to a OSF branch in Macedonia. The watchdog group filed a 2017 Freedom of Information Act (FOIA) lawsuit against USAID to obtain records relating to USAID’s contributions to Soros in Macedonia (Judicial Watch v. U.S. Department of State and the U.S. Agency for International Development). The group accused the agency of working to destabilize Macedonia in a move promoted by then-President Obama, whose own mother was actually employed by USAID.
“The U.S. government has quietly spent millions of taxpayer dollars to destabilize the democratically elected, center-right government in Macedonia by colluding with leftwing billionaire philanthropist George Soros, records obtained by Judicial Watch show. Barack Obama’s U.S. Ambassador to Macedonia, Jess L. Baily, has worked behind the scenes with Soros’ Open Society Foundation to funnel large sums of American dollars for the cause, constituting an interference of the U.S. ambassador in domestic political affairs in violation of the Vienna Convention on Diplomatic Relations.”
Joe Biden awarded George Soros a Medal of Freedom for his life’s work of destabilizing democracy domestically and abroad. Soros and his many endeavors have been well-documented and publicized. Blatant corruption rubbed in our faces. We have people on the left in every nation, from the US to Romania, declaring that Russia or social media interfered in their elections. NGOs are clearly something that is a grey area as they have been exploited for political purposes using the cover of humanity. The World Health Organization (WHO) uses the premise of health and humanitarian aid, as does the United Nations, USAID, etc. Every globalist conglomerate is supported through government funding.
Republican senators have probed the OSF-USAID connection over the years, but we have not had such transparent information until now, with the emergence of DOGE. Unsurprisingly, the left claims Soros’s ties are uncalled for as USAID was simply funding his NGO affiliates. They claim that USAID was a mere 1% of the federal budget as if a little corruption is OK. Foreign aid is intended for humanitarian purposes, not radical political objectives. USAID has been promoting non-American objectives and values with American-earned dollars. All agencies weaponized by the left must be exposed.
To get Trump impeached, they relied on an Organized Crime and Corruption Reporting Project (OCCRP) report that alleged that two Soviet-born Florida businessmen were “key hidden actors behind a plan” by Trump to investigate Biden and his actions via Ukraine. They connected Giuliani to two former Ukrainian prosecutors, and this was like the Steel Dossier. The OCCRP version was instrumental to the House Democrats’ impeachment claim off the ground. The report claimed that Trump dispatched Giuliani to pressure a foreign country to interfere in the 2020 presidential election. This pretend whistleblower cited this fake report four times to justify the impeachment of Trump.
There was even a 2024 German NDR documentary that investigated OCCRP’s dependence on the US government. Indeed, there was a USAID official who confirmed that USAID approves OCCRP’s “annual work plan” and approves new hires of “key personnel.” NDR, with French investigative news organization Mediapart, Italian new group Il Fatto Quotidiano, Reporters United in Greece, and Drop Site News in the United States, all got together to investigate.
OCCRP’s original funding allegedly came from the Bureau of International Narcotics and Law Enforcement Affairs of the State Department. It appears that USAID/OCCRP may be interfering in foreign political situations. It has been alleged that there are connections to interfering in elections as well as organized attempts at regime change. NDR reported that this organization had “probably been responsible for five or six countries changing over from one government to another government.”
I warned you that this is going to get much worse. I wrote a book, The Plot to Seize Russia, where I was asked to put in $10 billion to fund Hermitage Capital to carry out a regime change in Russia. I refused. I was then held in civil contempt for seven years without charges until the Supreme Court ordered them to explain why I was being held. Then they released me.
I have had a front-row seat and seen far more than I ever desired.
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 