Tag Archives: Economic Collapse

Jun 6 2023

Recusal and Conflicts


Posted originally on the CTH on June 5, 2023 | Sundance 

~ The Background is HERE ~

A brief post just to emphasize a point about DC and how the power centers protect themselves.  You might remember when Attorney Jeff Sessions was told he needed to recuse himself from anything to do with the Trump-Russia investigation.  We know from FOIA requests of schedules, the participants in the meeting on the date of those discussions:

Jeff Sessions was forced to recuse himself at the conclusion of a meeting involving Jody Hunt, Dana Boente, Jim Crowell, Tashina Guahar and Scott Schools; an apparent conflict of interest.  Now consider….

Mary McCord was Acting Asst. Attorney General for the National Security Division, when she submitted the fraudulently constructed FISA application used against Carter Page. Mary McCord, knowingly and with specific intent, defrauded the court and broke the law.  Mary McCord then went on to join Adam Schiff and Jerry Nadler in the construction of the articles of impeachment. She did not recuse herself. 

At the time the Carter Page application was filed (October 21, 2016), Mary McCord’s chief legal counsel inside the office was a DOJ-NSD lawyer named Michael Atkinson.  In his role as the legal counsel for the DOJ-NSD, it was Atkinson’s job to review and audit all FISA applications submitted from inside the DOJ.  Essentially, Atkinson was the DOJ internal compliance officer in charge of making sure all FISA applications were correctly assembled and documented.  McCord and Atkinson knowingly submitted a fraudulent FISA application.

Atkinson then went on to become Intelligence Community Inspector General where he changed the rules for CIA whistleblowers to allow the accusation against President Trump to surface which resulted in an impeachment investigation. When ICIG Michael Atkinson turned over the newly authorized anonymous whistleblower complaint to the joint House Intelligence and Judiciary Committee (Schiff and Nadler chairs), who did Michael Atkinson give the complaint to?  Mary McCord.

Consider the conflicts within the Supreme Court. Mary McCord, knowingly and with specific intent, lied to the FISA court to support the FBI targeting of Trump.  Mary McCord’s husband, Sheldon L Snook, was running the office of the counselor to Chief Justice John Roberts; the office which would intercept any communication from the FISA court to the Chief Justice if the FISA court had any concerns about the false FBI application. No one from the office, or the Chief Justice counselor recused themselves.

Conflicts of interest only surface to create personnel changes when those changes meet the interests of the DC administrative state.  When those conflicts exist but they are useful to the interests of the DC administrative state, they are ignored.

Jun 5 2023

Credit Card Debt on the Rise


Armstrong economics Blog/USA Current Events Re-Posted Jun 5, 2023 by Martin Armstrong

Credit card debt in the US spiked to its highest quarterly level in Q4 2022 after increasing by $85.8 billion. The average American household has about $10,000 in credit card debt, marking an 8.9% YoY increase. Now, Americans are facing $1 trillion in credit card debt due to rising APR and inflation.

The Federal Reserve reported that credit card debt has risen by $250 billion over the past two years amid record inflation. Consumer spending declined during the pandemic, as did credit card debt. However, inflation was nowhere close to what it is today. Credit balances declined by $100 billion from Q1 of 2020 to Q2 of 2021. Consumers were paying off their debts during this time, aided by numerous stimulus packages provided by the government.

Everything changed when Biden took office, killed America’s energy independence, and inflation began to spike. The central bank raised rates right before the war in Ukraine broke out, and have continued to do so at every meeting since. Various data collectors noted that consumers are not using their credit cards for luxury goods – they’re using credit to simply get by and pay for essentials.

Bankrate reported that 46% of cardholders cannot pay off their monthly credit card payments, up 7% from last year. The average APR is around 24% as of May 2023. The US Bureau of Labor Statistics claims that the CPI rose 0.4% in April after increasing 0.1% in March. I reported how the true inflation rate is over 30%; they do not want to scare the public by posting the real data. Food, energy, shelter, and all the essentials to survival have reached historic levels. If nearly half of people cannot pay their credit card balances off each month, and interest is at a record high, consumer debt is guaranteed to rise continually. Nothing is more inflationary than war, and our war cycle is picking up going into 2024. So not only is the US government drowning in debt, but the average American is also struggling to make ends meet.

Jun 5 2023

Sunday Talks, Kevin McCarthy Defends His Budget Ceiling Bill – Focused Heavily on a Return to Regular Budgetary Order


Posted originally on June 4, 2023 | Sundance 

House Speaker Kevin McCarthy appears with Maria Bartiromo to address criticism about details within his debt ceiling bill.  The criticism is very valid, and is being made by many people who are unhappy with the deal to raise the debt ceiling.  However, the primary defense point of McCarthy surrounds a return to regular budgetary order.

As noted by McCarthy, the 12 house appropriations bill that form the traditional federal budget, are due in Aug/Sept for fiscal year 2025 which begins October 1st.  That is where substantive spending will be reduced, well below current spending levels.  However, Bartiromo confronts that outlook by asking ‘what if’ the Senate doesn’t take up the federal budget bill, preferring instead to use the funding mechanism provided within the debt ceiling bill.  {Direct Rumble Link}

The budget debate may sound somewhat parliamentarian, because the nuance of federal budgets is exactly that.  The mechanism to force congress to create a regular order budget is the debt ceiling. Essentially the national credit limit. If you take away the mechanism to force the budget, there is no force mechanism to require the budget.  WATCH:

Speaker McCarthy gets offensive when Maria ask him about what’s in the debt ceiling bill.

The amount of debt carried in your own household budget is only a problem if you have a limit on your credit. If you have unlimited credit, meaning you can borrow endless amounts of money, then you can spend as much as you want. This willy-nilly raising of the national debt ceiling is the issue at the core of why federal budgets are not passed.

Jun 5 2023

Won’t Quit, Can’t Quit!


Posted originally on the CTH on June 4, 2023 | Sundance | 125 Comments

No quit!

Ever!

Les Deplorables

Jun 4 2023

Can Trump End the Ukraine War in 24 hrs?


Armstrong Economics Blog/Ukraine Re-Posted Jun 4, 2023 by Martin Armstrong

This war could be ended in 24 hours.

(1) stop all money going to Ukraine,

(2) threaten to freeze all their assets,

(3) threaten to remove Ukraine from SWIFT,

(4) Order Ukraine to honor the Minsk Agreement.

To Russia:

(1) Lift all sanctions

(2) No NATO training or weapons for Ukraine

(3) Ukraine will not be part of NATO

(4) Agree to pay for the damage to Nord Stream

Ukraine is an untrustworthy government. Their end goal has ALWAYS been to destroy Russia. They were the first state to pull out of Russia and pitched the destruction of the Soviet Union to other member states. Ukraine was NEVER its own country. It became a country and achieved its sovereignty but that was never good enough. They had to start the civil war against the Donbas. If you want this war to continue, then grab a gun and go fight for this most corrupt head of state probably in the entire world.

The facts are clear. Ukraine launched what it called Special Operations and began the civil war attacking the Russian civilians in the Donbas calling them terrorists because they wanted separation from Ukraine which has outlawed their language and even outlawed their religion ordering all churches to be subservient to their propped-up Patriarch – not the traditional one in Moscow. This is sort of the French seizing the Vatican and moving it to Avignon. This was their response to the Minsk Agreement where Ukraine was to separate and adopt a change to their Constitution. Ukraine has discriminated against anyone who is not Ukrainian and that included Hungarian and Polish living in Ukraine. That has been their legacy from Nazi Germany.

The Ukrainians are fighting for the territory that was never theirs. They want Russia out, along with all other minorities they hate and do not trust. Make no mistake about it, if Russia loses, the Ukrainians will massacre all Russians in the Donbas territory. The West ignores the fact that the Ukrainians carried out a massacre of ethnic Russians who lived in Odessa as soon as their 2014 Revolution and that is what started this entire civil war that the Western Press will not address.

The 2014 Massacre of Russian-speaking Ukrainians in Odessa where they killed them grabbing them on the streets was a Neo-Nazi event. That was the turning point. It revealed that the Donbas had to separate for the Neo-Nazis wanted their death, not their submission. That began the civil war. They set fire to the building and burned all the Russian-speaking Ukrainians alive. For the first time in history, an organized massacre of civilians was carried out and even filmed by numerous people. This has been documented in extraordinary detail and the Neo-Nazis did not even fear of any negative consequences in world opinion.

If we do NOT abandon Ukraine and force them to live peacefully, they will engulf the entire world. They will use the F16s and attack the Russian Fleet and be prepared to send your children or yourself to go fight for the liar and greedy corrupt politician – Zelensky. We should die for this corruption? Honor the Minsk Agreement and it is over in 24 hours.

Oh yes. Throw in a pair of diamond-studded high heels. That may clinch the deal.

Jun 4 2023

Why the United States Will Fall


Armstrong Economics Blog/Civil Unrest Re-Posted Jun 4, 2023 by Martin Armstrong

This is why the United States is dead. It can no longer stand united and, like Ukraine, we too will simply have to split. There should be a property swap where Democrats leave the Red States and go to the Blue States and vice versa. This is how empires always die. They collapse from an internal division that eats away at them from within like cancer. Hayley Williams has only shown how she is brainwashed into thinking that abortion is a woman’s right when it was a Gates-Rockafeller ploy to further eugenics and reduce the population of minorities.

Justice Ginsberg was a woman’s activist. She explained that Roe v Wade was not about women’s rights. It was about eugenics. So they get women to agree to war and whatever because all they can focus on is abortion which was a lie, to begin with.

You cannot allow one side to force their beliefs upon the other.  Civilization can ONLY function when everyone benefits. As Lincoln said, united we stand, divided we fall.

Jun 3 2023

Here’s What REALLY Happened With Biden’s Fall (Ep. 2023) – 06/02/2023


Posted originally on The Dan Bongino Show on Rumble on: Jun 2, 11:00 am EDT

Jun 3 2023

The Great Awakening


Armstrong Economic Blog/Disease Re-Posted Jun 2, 2023 by Martin Armstrong

Jun 3 2023

Interview: The Fall of Western Civilization


Armstrong Economics Blog/Armstrong in the Media Re-Posted Jun 3, 2023 by Martin Armstrong

The Fall of Western Civilization with Martin Armstrong

Watch the video above or click here to view the latest interview.

Martin Armstrong returns to the Outer Limits of Inner Truth Podcast to discuss: what Socrates is saying about the 2024 election, the likelihood that CBDCs will not succeed based on what happened in Africa, the fall of Western Civilization, where the elites want to take humanity, and how to preserve your liberty in these trying times.