Posted originally on Feb 23, 2024 By Martin Armstrong
Once upon a time, in the United States, we, the people, began our classroom day with the Pledge of Allegiance:
“I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under God, indivisible,
with liberty and justice for all,”
Those days are gone, and we can no longer depend on the Courts and the legal systems for Truth, Fairness, and Justice for all, which we were told was the American Way! How many millions went off to war and died to defend that principle they have torn to shreds in New York City? The American Way of Life is dead. The Democrats have allowed our nation to be flooded with people who do not share our culture, our philosophies, or our history solely to ensure they win at all costs.
This is no longer any difference we have with Russia and China and how they treat the people. The United States now has more people in prison than China, which has 1.5 billion people compared to our 300 million. You have a 500% greater chance of going to prison because there is no more liberty and justice for all.
The Courts have turned into Totalitarian Dictatorships devoid of any accountability, and the proof of that is the mere conviction rate proving that we are the enemy of those in power. Data published by the Pew Research Center in 2019 highlighted how federal prosecutors have a 99.6% conviction rate. To put those numbers in perspective, U.S. Attorneys filed 79,704 cases in 2018. Of those, only 320 resulted in acquittals. As Pew Research wrote: “Nearly 80,000 people were defendants in federal criminal cases in fiscal 2018, but just 2% of them went to trial. “ Any criminal lawyer in New York will tell you to plead and take a deal because you CANNOT win in New York.
The system is so bad that Judge Rakoof was thoroughly disgusted and wrote a book on his experience on the bench in New York. The title is “Why the innocent plead guilty and the guilty of free.” I cannot express strongly enough that you have virtually no chance of a fair trial EVER in the United States. And if they cannot put you on trial, they will kill you and swear it was suicide. Nothing but nothing someone is charged with should EVER be taken as truth. Even Madoff quickly pled guilty to save his family, yet his son still committed suicide. There, too, the banks claimed they had no idea. That was a lie and ABSOLUTELY impossible.
I was interviewed by a journalist when they saw the bank was illegally trading in my accounts, like MF Global. They asked me if they were laundering money for the Russian Mafia “AS THEY WERE DOING IN MADOFF!” I said I had no idea. I only saw all the bogus trades that were then backed out as errors when I assumed they were parking things in my accounts. Yet, of course, if the “error” came from one account and was taken out to another, then it was money laundering. The newspaper would not allow her to publish it. The forensic accountant told the court they never shall so many “canceled trades,” but the court also covered that up. I believe I refused to invest $10 billion in their Russia scheme, so they were using my accounts for money laundering involving the oligarchs and the attempt to seize Russia.
The Elections are rigged, the Courts are corrupt, and the government is rapidly becoming the enemy of the people. All of these male illegal immigrants of military age will be compelled to sign up for the military to get citizenship and be sent off to fight in World War III.
Trump’s civil fraud trial in New York will expose just how corrupt this whole prosecution has been. In a 92-page decision, this morally void Judge Arthur Engoron ordered Trump to pay a massive $355 million fine, plus more than $98 million in prejudgment interest no less. Engoron’s extraordinary ruling strategically prohibited Trump from serving as an officer or director of any business in the state for three years, giving the judge the power to appoint a prosecutor to run his company and destroy it in no time. Even George Washington University Law School professor Jonathan Turley took issue with this, saying that “[e]ven the New York Times agreed that it could not find a single case in history where this statute was used against an individual or a company that did not commit a criminal offense, go bankrupt, or leave financial victims.”
Engoron found Trump was found liable for overstating the values of his assets on bank loan applications. That is a common negotiating practice, like haggling in a biazare in Iran. It’s expected and an insult if you do not. Considering that New York City is the world’s financial capital, the city’s bankers walk on water and are among the most sophisticated on the planet. Developers always inflate property valuations, and banks have their own appraisers who simply adjust them down. According to Turley, during the trial, “witnesses [loan officers] testified that they wanted to do more business with Trump, who was described as a ‘whale’ client with high yield business opportunities.”
It is the same when trading. The banks try to guess if you will buy or sell and will move the quotes in the direction they anticipate you will trade. It is always a negotiation. That is how high-stakes finance deals are done.
The reason I recommend that Trump file for bankruptcy IMMEDIATELY in Florida is because NY law is also rigged, and this is why the Judge did what he did. Under New York law, Trump is not allowed to even appeal his ruling without depositing the full amount in a court account, and he has only 30 days to raise that, which is CASH! If he cannot, then they will seize his property and sell it for pennies on the dollar to their best friends, who are already licking their lips and rubbing their hands. Judge Engoron has just denied former Trump’s request for a 30-day stay of judgment after defense attorneys protested the attorney general’s “rush” for enforcement. Now, they want to prevent Trump from leaving NYCso they can imprison him to stop the election.
If Congress does not intervene – we are screwed as a nation.
New York State Attorney General Letitia James is an elected Democrat. She made it clear from the outset that her goal was to destroy Trump. She actually said:
“This illegitimate president [Trump] — I look forward to going into the office of the attorney general every day, suing him, and then going home.”
This has been a biased prosecution with the sole intent of prosecuting Trump to interfere in the 2024 election – plain and simple. Because BViden controls the Justice Department, they will never prosecute anyone for doing this.
She has turned this law upside down. It was intended to protect consumers. In fact, no one was defrauded. All of the loans were fully repaid. Still, this judge and prosecutor conspired to violate everyone’s right to vote in the 2024 election. Any business can now be torn apart using this. They claim that you overvalued your assets on a loan the bank never used in its decision anyway.
I have not heard from one institutional client inside or outside the United States who thought this was reasonable. The overwhelming view is that this was a deliberate political hit job, just the latest blow in the Democrats’ relentless campaign against Trump to ensure their insane agenda continues, and the Republicans on Capitol Hill are not defending the Constitution or the people.
This judgment sent a shock wave around the world, and the rigged system that allows them to seize Trump’s assets in 30 days is a warning you better get the HELL OUT OF NYC ASAP! This was the last straw. Get out of all stocks with a New York address and sell NY state and city bonds ASAP. This judgment is so outrageous, and they intend to confiscate Trump’s properties NOW just to destroy him completely to interfere in the 2024 election.
Governor Hochul was so stupid during an interview on a radio talk show with John Catsimatidis on “The Cats Roundtable” on WABC 770 AM that she tried to reassure business owners that it’s safe to do business in the state. Her remarks made the case that this was political and that Trump was targeted because he was the Republican candidate. She said :
“I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about because they’re very different than Donald Trump and his behavior.”
Hochul admits that this was political, or every New York developer who has ever overstated the value of a property on a loan application is now at risk of being bankrupted and all their assets seized by making the fine so large it cannot be paid in 30 days.
The Democrats have weaponized the legal system everywhere against Trump, and their idiot base is cheering for the demise of the nation. The New York Post said it best:
“Democratic elites will chuckle into their martinis this weekend at the verdict, but your victory is pyrrhic. You’ve made Donald Trump a political martyr.”
My family has fought in every war since the American Revolution. Everything they fought for has been torn to shreds. I am surprised that anyone would now fight and die for a country that no longer respects the rule of law, the Constitution, or civilization. The clock is ticking. It will be time to turn out the lights by 2032.
I can now see why the computer is projecting a landslide for Trump. The Democrats have gone way too far. They are no longer supporters of the American Way of Life, and the computer projections for 2028 look even worse.
A study by Truth in Accounting (TIA) revealed that 70% of America’s largest cities fell into a deficit in fiscal year 2022. Out of the 75 cities studied, 53 simply did not have the funds to pay their bills. The study found that the total debt among the 75 cities had reached $288 billion, and despite the $307.4 billion of assets shared among them, the cities held $595.3 billion in unfunded pension plans.
US law requires cities to maintain a balanced budget, yet no one is holding the representative accountable. Mind you, this data was collected BEFORE the migrant crisis toppled city budgets. Cities have been overreporting their revenue and incorporating borrowed funds into their total revenue calculations. These cities push off bills until the beginning of the next fiscal year to alter calculations.
Pensions and health care were the major issues burdening American cities long before Washington required taxpayers to bankroll the 7+ million new illegal residents. As the report notes: “The most common accounting trick cities use to understate government costs is not including true compensation costs. Cities provide employees with salaries and employee benefits, such as healthcare, life insurance, and pensions. While pension and other post-employment costs, such as health care, will not be paid until the employees retire, they still represent current compensation costs earned and incurred throughout their tenure.”
I have been warned for many years that the government pension plans operate like a Ponzi scheme and have been waiting to implode. Government employees have the defined-benefit (DB) while we get the defined-contribution (DC) plans. Most state and local government employees, actually 87% of those working full time, participate in a defined benefit (DB) pension plan. They contribute NOTHING but are guaranteed a pension on top of what they earned, plus free healthcare for life. Under these promises, these employees have never been required to save for the future and will demand that the public be taxed on anything and everything to keep to this Ponzi scheme on life support.
UNDER NO CIRCUMSTANCE should you allow your pension fund to be managed by any government-related entity. They cannot pay government employees so they have sought to suck in everybody else to cover up their losses. Before 2032, there will be more people on retirement from government than actual employed workers. The government must continue to raise our taxes because they are incapable of creating reform.
The reason I highlight the migrant crisis is that we are now shelling out billions of dollars every month to support a new influx of people who have also never contributed to the system. They are providing them with “free” shelter, food, debit cards, and more. Then, they decided to prevent these very people from obtaining working permits to ensure the select few with good intentions cannot ween off government/taxpayers.
Look at history to see how this situation plays out—warning: the pension crisis will not end nicely. When the government could no longer afford to pay the army, it began sacking Roman cities that opposed their general. They turned inward and cannibalized their own cities, weakening the entire empire, thereby allowing the barbarians to come through the gates. We have followed the very same mistakes as Rome. This is just how empires always end. We are no different.
Posted originally on Feb 22, 2024 By Martin Armstrong
COMMENT: Hi Martin.
Thanks for the “astute lawyer” compliment. That was very nice, and coming from you, it is very meaningful to me.
The Epoch Times headline in your “NYC Out of Control” post calls the dollar part of the verdict against the Trumps a “penalty.” It has also been called a “fine,” but I haven’t yet seen it called “damages” in a headline. I think Hochul, Engoron, and James know that the amount was based on a damage assessment and calculation that may not hold up. New York Executive Law § 63(12) clearly reads that the attorney general “may apply…for an order…directing restitution and damages…”. [Emphasis mine.]
New York proved math calculations, not actual damages, where the damaged party had to be made whole. Had the statute recited a list of fines, they’d probably be in a more sound position, but their position now is what I would call “too dicey for comfort.” I would seize nothing in this situation because there are too many cases of improper seizures to worry about. The verdicts against those who seize property in error or improperly or hastily in a flawed or tainted case are many times larger than the amount of the money judgment used to seize and sell the property of the defendant.
Furthermore, if New York has someone running the Trump businesses, and should he or she destroy or damage the businesses, the state could be liable for many, many times the amount of the verdict/judgment against the Trump family. Trump could wind up seizing the state capitol, the governor’s residence, etc., plus having his property returned to him. I’ve seen this happen. Once, the State of Louisiana overreached, and once, the U.S. government was a litigant against a billionaire oil man, banker, and friend who could not get the IRS to return his multi-million dollar overpayment of taxes. He finally had enough, and he seized the Hale Boggs Federal Court Building. He got his money a day later.
Perhaps by dancing around exactly what legal principle the amount of the money verdict/judgment is based on (i.e., damages, fines, penalties [i.e., a payment imposed as punishment], whatever), the Hochul, Engoron, James enterprise has walked into a trap. The Eighth Amendment prohibits excessive fines. If they maintain the amount is absolutely based on the principle of damages, how can they show a diminution of the state being “whole” (or “wholeness” if you will) owing to Trump’s actions with third parties. If they maintain the amount of the verdict/judgment is based on a properly enacted and published fine or penalty, then they must face the Eighth Amendment.
In my opinion, Hochul, Engoron, and James are whistling past the graveyard. They have put their careers on the line, and the dice are tumbling.
Best regards, and thanks again.
EGM
REPLY: This is so political it smells, and just because this Judge, who is not qualified to judge a turtle race, simply decrees, they think they are God, and everyone must bow down to them and kiss their ring. It is so rare to find a decent judge in New York. Judge Lawrence McKenna saw what they were doing and tried to protect me. The government went to the Chief Judge to remove him and then sealed the record.
The DA belongs in prison with the governor and this disgusting judge. This DA is bragging that she will now seize Trump Tower. When the computer projected that the 2024 election would be intermixed with serious civil unrest and that neither side would ever accept the outcome, as we draw closer and closer to this date with destiny, it is looking very, very dark indeed.
The computer is projecting a panic cycle in September, rising volatility in October, and October will be a critical turning point heading into the 2024 election. We should no longer have the motto – Gold Bless America – it should be changed to – God Save America. These LEFTIST are destroying the very foundation of law; without that, civilization can no longer exist. That is the testimony of history – not my opinion.
NEW YORK IS DOOMED
Bond investors have piled into New York City’s tax-exempt bonds, lured by their relatively high yields. However, with a $7 billion budget deficit spiraling costs of sheltering asylum seekers and other migrants that have sought refuge in New York on top of this collapse in the rule of law, NYC is a sell – not a buy. Wall Street profits are declining, and with them, there are looming job cuts at major investment banks. Many are migrating to Florida, which puts pressure on city tax revenue. New York’s fiscal outlook is a disaster. That suggests the city’s general obligation bonds aren’t particularly attractive at current valuations – they are a sell.
Posted originally on Feb 22, 2024 By Martin Armstrong
Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities like rent and food?
Mortgage interest costs remain the top noted driver of inflation after rising 27.4% YoY, while rentals increased 7.9% during the same period. Bank of Canada governor Tiff Macklem explained that the central bank cannot fix the housing crisis through cuts. “Housing affordability is a significant problem in Canada but not one that can be fixed by raising or lowering interest rates,” he noted at the beginning of February. The Bank of Canada has voted to raise interest rates 10 times since March 2022, with little to no impact on inflation.
The central bank cannot manage supply and demand. Rentals.ca noted that rentals have been rising by C$373 per month since COVID restrictions and lockdowns decimated the global economy. Demand far outweighs supply, and Canada Mortgage and Housing Corp. noted that vacancies are at their lowest level since they began reviewing the data in 1988.
Trudeau’s government only cares about the rising debt-to-GDP ratio, and analysts cling to their failed theories of Keynesian economics. What percentage of interest costs are in that deficit, and what happens when they can no longer sell the debt? These are questions entirely overlooked.
The Canadian dollar is simply worth less than it was before the COVID lockdowns, and the Canadian dollar’s decline is contributing to the rising cost of imports.
The Bank of Canada has the same issue with its central bank as many other nations – the government will not stop spending. Total government spending for the 2023 fiscal year through the end of March 2024 is estimated to be C$488.7 billion.
Yet, the Trudeau Administration announced this week that they will be spending another C$300+ million on ammunition for Ukraine as Canada, like all other NATO nations, has been prioritizing spending on foreign wars while ignoring its growing deficit.
Canada’s deficit is expected to hit C$38.4 billion in 2024/25 and C$38.3 billion in 2025/26. Who is the largest buyer of Canadian debt? Foreign investors from the United States who purchased around $13.1 billion of Canadian debt securities. Canada saw a high in foreign share acquisitions in December 2023 to the tune of C$29.4 billion, with non-US foreign share investment reaching C$6.3 billion.
Investors are mainly seeking instruments denominated in USD that are issued by Canadian banks. Now, Canada must make investment opportunities more lucrative for the US buyer compared to domestic investments. Hence, the BoC is moving in line with the Federal Reserve, but both are utterly helpless as they cannot control fiscal policies.
Posted originally on Feb 21, 2024 By Martin Armstrong |
BlackRock CEO & World Economic Forum Trustee Board Member
Larry Fink Turns Bullish on Bitcoin
Larry Fink has changed his tune on crypto, saying suddenly it could “revolutionize finance,” endorsing an industry he once viewed with skepticism. Of course, as a board member of Scwab’s WEF, the crypto zealots cheered. Still, they think that Bitcoin can replace the dollar and end inflation, which they think is the result of paper money. That only reveals their own ignorance of what money is and the role it has played since the dawn of civilization.
Worse still, they are telling people Bitcoin is going to be $60,000+ and fail to comprehend that even assuming that the dollar was replaced with Bitcoin, a rally then in the currency would subject the country to a Depression as took place during the 1930s.
What made the depression so great was that private assets collapsed, and there was a flight to quality being cash. If Bitcoin replaced the dollar, the country would collapse, the debt would be unpayable or serviced, and private assets would decline, including gold. Democrats would no longer be able to run for office, for they could not promise gifts if you vote for them in the spirit of Marx. This is far more complicated than simply replacing the dollar. Even the people constantly calling for the collapse in the dollar do not comprehend that you are really talking about the collapse of the entire government, its debt, and the political system that would most likely fuel the divorce between the Blue & Red States. It was the dramatic rise in the dollar that compelled FDR to confiscate gold and devalue the dollar. It was the high price of the dollar that resulted in protectionism because the politicians did not understand the currency.
They seem oblivious to the fact that the coming Central Bank Digital Currency in the USA would be unconstitutional, and the Federal Reserve will NOT issue one. Instead, the top banks are all moving to create their own and pitch for their version that will be programmable and traceable. The rumor is Fink would love to take over Bitcoin. WHY? Because all the tracing and reporting will be done by the private sector and under CURRENT law, banks MUST report suspicious behavior. So it is the COVID Model where the private sector did the censoring of free speech that the First Amendment ONLY restricts the government – not Facebook, YouTube, et al.
The Bitcoin zealots seem to overlook that the very nature of an ETF is at odds with the original ideals of Bitcoin. ETFs are an investment vehicle that’s categorically different from the original ideals of digital assets and will push the industry in the precise wrong direction into the ultimate way the government can trace everything you do and make sure they tax everything.
Posted originally on Feb 21, 2024 By Martin Armstrong
A recent measure from the Biden Administration touted as a solution to lower prescription drug costs has a more sinister motive. The Bayh–Dole Act or Patent and Trademark Law Amendments Act of 1980 permitted researchers to own the patents of their products developed through government funds. The legislation permitted “march-in” rights that enabled these agencies to grant a license on their patents to third parties. For the first time in four decades, the federal government wants to invoke this measure as they are losing both money and power amid this private wave.
Codified by 35 U.S.C. S 203, the march-in rights permit the federal government to require contractors to hand over “nonexclusive, partially exclusive, or exclusive license” to a “responsible applicant or applicants.” Around 5% of patents were licensed out before the Bayh-Dole Act compared to around 69% today. On the surface, one may view this as an effective way to push back against prescription price gouging but this is an outright attack on private enterprise.
This measure is not limited to prescription medications as it expands to ever patent created through government funds, meaning every single industry could be usurped by Washington. Had the government actually wanted to lower prescription prices, there are countless measures and legislations that they could pass to do so. Instead, they are directly targeting private enterprises, no different from any communist nation.
Seizing private property has never benefitted the people of any nation. It has been attempted and tried countless times and always results in disaster. The Founding Fathers deliberately forbid this from happening in the Fifth Amendment of the US Constitution.
Amendment V
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
Most know the right to remain silent provided by the Fifth Amendment. There is a “takings clause” clearly written in the Constitution that forbids the government from seizing private property.
The US Supreme Court misconstrued this clause in KOHL v. US , 91 U.S. 367 (1875). The government decided to seize private property from landowners in Cincinnati to create public infrastructure. This case is largely cited as the beginning of eminent domain discussions and the US Supreme Court ruled in favor of the Federal government, so long as they provided “just compensation.” The court ruled that the government may asses the value and pay whatever they wish.
The power provided by the pandemic tipped the scales in favor of the government over the people. Implementing socialism would be the fast-track way to achieve the World Economic Forum’s objective—YOU WILL OWN NOTHING AND BE HAPPY. Dimon suggested using the excuse of climate change to usher in the Great Reset. “The need to provide energy affordably and reliably for today, as well as make the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth, energy security and climate change. We need to do more, and we need to do so immediately,” Dimon added in his message to shareholders.
Then, the US government began quietly seizing farmland, particularly in South Dakota. Summit Carbon Solutions invoked eminent domain to seize private property to build a clean energy solution pipeline. Farmers reported receiving unannounced visits from surveyors who, at times, entered their personal residences without notice. The farmers were threatened and warned not to interfere in the plans to destroy their businesses. Over 80 farmers attempted to sue the company, but many were placed in contempt of court for speaking out. The US government ruled that it was legal and acceptable for Summit Carbon Solutions to seize property in the name of climate change.
History repeats as human nature NEVER changes. Look back at the Roman emperor Maximinus I (235-238 AD) who effectively declared all wealth in the country belonged to the state. He paid bribes to anyone who turned in their neighbor for hiding wealth. Once Maximinus wiped out small businesses in this manner, it led to a collapse in confidence in the economy. Commerce rapidly declined from there on out commerce and businesses did not restart. There was no Great Reset. In that instance, one Pi Cycle marked the bottom of the Roman economy from 237 AD to 268 AD (31 years).
The US government will seize more than just land in this most recent abuse of power. Our liberty is on the line and the government is seizing our rights at a rapid pace. We are entering a period of COMPLETE TOTALITARIANISM as we move toward 2032. Governments are losing control in this private wave, and the old methods of controlling the masses are not working; they are laying out the groundwork to take the utmost extreme measures to force the people to become entirely subservient to the system.
Posted originally on Feb 20, 2024 By Martin Armstrong
A new trend is circulating on the internet, where parents in the US film their teenagers’ reactions to filing taxes for the first time. The US education system does not require schools to educate students on taxes, despite it being fundamental knowledge for sound financial health.
In 2022, teens with both earned and unearned income were required by law to file a tax return if their combined gross income was greater than $1,150, or more than their earned income (up to $12,550) plus $400. Additionally, if a teen earned $12,950 or more at their part-time job in 2022, they would need to file taxes in 2023. The standard deduction for 2022 was $12,950, so as long as a teen didn’t earn more than that amount, they wouldn’t have to file taxes. Basically, anyone who worked a part-time job was forced to give a portion to Uncle Sam.
Those advocating extreme spikes in the minimum wagedo not realize that teenagers will be unable to pay. Moreover, employers will not be able to hire teens and young adults as they know they are there temporarily. These kids do not understand the system, and from a broader perspective, we need a future workforce with hands-on knowledge. Why is the government taxing teenagers who are too young to vote for representation? Why is the Biden Administration hell-bent on forgiving student loans when we are forcing teens to pay on the little that they earn? Everyone wants to talk about “equality,” but few realize that some cannot obtain higher education without a job. Not all parents are willing or able to support their children when they reach 18.
As a result, the youth is not joining the workforce. The Bureau of Labor Statistics (BLS) projects a further decline in the teen labor force participation rate, from 34.0% in 2014 to 26.4% in 2024, citing increased school enrollment as a contributing factor. They are encouraged by the system to focus on school and take out larger loans to pay for their expenses. They do not realize that most will be unable to find work in their field of study, nor are they educated about compounding interest on loans.
In 2023, the number of employed 16- to 19-year-olds in the US was approximately 6 million, which is expected to decline. Fewer teens are working and gaining crucial hands-on experience in the workforce. We are producing a future generation of academics who simply do not know how to work.
Posted originally on Feb 20, 2024 By Martin Armstrong
Treasury Secretary Janet Yellen is proof that the establishment is completely clueless when it comes to the lives of the average citizen. “People are better off than they were pre-pandemic,” Yellen touted on national news last week. Perhaps she meant to say “politicians” rather than people, and no, one cannot point at rising US indexes and claim that is sufficient evidence that the overall economy is sound.
Yellen is akin to the Karine Jean-Pierre of America’s financial system insofar as her job is to openly lie to the public and convince them that their reality is not as it seems. She holds a high role in Biden’s cabinet and is responsible for overseeing America’s banks, tax enforcement, printing money, and the national debt. She is the bridge between the federal government and the Federal Reserve, acting as Biden’s top advisor. We know Biden is not mentally competent, and it appears his CFO has continually misled both Washington and the American public.
So, what the hell is wrong with Janet Yellen? Her loyalty lies with the World Economic Forum and globalist elite. These are the people making decisions that DELIBERATELY wound their own nation’s economic soundness on behalf of a select few behind the curtain. Yellen admitted that the true reason behind the massive spending on the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” the Treasury Secretary admitted months ago. That was one of the largest spending acts in the history of our nation and pales in comparison to the money being spent on foreign wars. All of this spending is intended to meet the same goal of the Great Reset.
Hence, the woman in charge of overseeing national spending is ignoring the debt crisis waiting to implode. WhenUS debt was downgraded, she called it arbitrary and simply disagreed with the data. The government has no plans to curtail spending. Instead, they are taking measures that contribute to rising inflation, therefore reducing the quality of life for the average citizen. Yellen’s recent statement proves that Washington is not concerned about the people, and this inflationary trend will continue.
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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 