I reported in September that the Heritage Foundation estimated that the average American lost $4,200 since Biden became president. Within only a month, their analysis for October revealed that the average family had lost an average of $7,400. Around $6,100 of the loss came from annual income, while interest rates cost the average American $1,300 annually. For the analysis to nearly double in the course of a month is alarming, and it is reasonable to suspect that losses will become steeper due to current policies.
The Heritage Foundation said this estimate, obviously, does not “fully reflect the pain experienced by families.” They did not factor in losses from retirement accounts or investments. They certainly did not count the number who lost their careers due to pandemic mandates. Nor did they factor in the increased cost of borrowing money, mortgages, or the doomed bond market. They also did not factor in that he caused the public to lose all confidence in the government.
All gains under the Trump era were erased in less than two years. The changes that a new administration can implement are astronomical. The spending packages pushed forth acted as a temporary band-aid over a wound that will never heal. At least the generally uninformed public believed those packages would help, but that tide is turning as they can no longer offer unlimited free handouts. The economy was brought to a screeching halt in 2020, and absolutely nothing has been done by Washington to improve conditions since then. The spending packages lack all common sense and seem to be a deliberate attempt to hurt the country.
Anyone who wants to pay more for everything – go ahead. Those of us who voted for sensible politicians with real plans will send you the bill.
Canada is not hiding its depopulation and eugenicsefforts. The Trudeau Administration recently expanded the MAID (Medical Assistance in Dying) program to include those with treatable illnesses or those suffering from poverty. Almost anyone, including children, can request a medically assisted death in Canada with a quick turnaround. Families are unable to protect their loved ones from the law. The MAID program was originally designed for those living in unbearable chronic pain and/or a terminal illness. Poverty or temporary hardship is now considered a terminal illness for which there is no cure besides death.
The Canadian health system is coercing people at their lowest point to end their lives. Canada could prioritize health care and expand assistance to disabled Canadians who are unable to work. Instead, they are clearly discriminating against those suffering from poverty or mental health issues, and doctors are no longer required to treat their patients. The system is encouraging suicide over treatment as it is the most cost-effective option. There is no guarantee those murdered while under medical supervision are capable of making an informed decision; the law will be used to depopulate the undesirables.
The Netherlands and Belgium, where assisted suicide is offered on a medical basis, forbid doctors from suggesting the method unless all other options are exhausted. Canadian doctors are encouraged to offer the option to those deemed too poor to live. “Euthanasia” will not appear on the victim’s death certificate, depending on the province in which they were murdered by their government. In 2021, the number of those requesting MAID in the country rose by over 32% from the year prior, and that number will rise. As the economy turns down, those “too poor to continue living with dignity” will feel obligated to choose a permanent solution to a temporary problem.
“[MAID is] probably the biggest existential threat to disabled people since the Nazis’ program in Germany in the 1930s,” stated Tim Stainton, director of the Canadian Institute for Inclusion and Citizenship at the University of British Columbia. Pope Francis condemned the treatment of the elderly, mentally ill, and poor in Canada. “Patients who, in place of affection, are administered death,” the pope warned.
Adolf Hitler killed off “useless eaters” who did not contribute to his ideal version of society. They were forcibly taken to camps or executed on the spot. Canada is attempting to murder “useless eaters” under the guise of health care and compassion. The general public is turning a blind eye to what could become a genocide of the poor.
The collapse of the FTX Exchange is pretty straightforward insofar as this is the same lesson that constantly repeats in finance time and time again. Basically, FTX lent US$10bn of client funds to their trading arm Alameda, which used it for leveraged their own crypto speculation because the crypto market has been collapsing. Typically, someone like Sam Bankman-Fried had his whole life wrapped up in this venture. Lacking financial controls operating from the Bahamas, moving the money from client funds to his trading arm Alameda was possible. Historically, someone in this position sees his world collapsing but is not prepared to see that unfold for it requires admitting that he was wrong on crypto, to begin with. Consequently, such a person is not trying to actually rob clients’ money, they most likely see it as a temporary loan to save the company and the market will bounce back – or so they believe.
Our computer had picked the high in Bitcoin perfectly and has been projecting the collapse all along the way. But crypto has become a religion and in so doing it clouds the judgment of people who want to believe the story. Alameda blew up in a crypto meltdown because it did not want to accept that the crypto boom was over. The loan he probably thought would be temporary, vanished in the implosion. At first, I would have assumed they had actually invested the money and lost it on the bond market collapse. But that was perhaps too traditional. Here, it appears they were trying to defend their own cryptocurrency and trying to buy the low that kept moving lower. It appears he was allegedly simply using clients’ funds to trade keeping gains for his firm and the clients now suffer the risk.
It appears that they allegedly were trying to defend the crypto market and did not understand that the boom was over. The loans could not then be repaid. As crypto was crashing, some people needed to cash out. The attempt to pull out US$5bn from FTX exposed the fact that the cash was all gone. This is not so unusual. It has happened before. This time, the prosecutors are clamoring to be the one to charge him so they can become famous over his dead body.
FTX was a partner with Klaus Schwab’s World Economic Forum (WEF). Of course, the WEF has suddenly removed the page and is desperately trying to hide their involvement with FTX and Sam Bankman-Fried. Naturally, eliminating paper currency has been the goal of the WEF because they support the end of not just capitalism, but also democracy. Schwab’s push has been his Great Reset and to control society to impose his economic philosophy inspired by Marx and Lenin.
This is by no means the first violation of fiduciary responsibility that presents a custodial risk. MF Global Holdings Ltd., you might recall, was a firm formerly run by New Jersey ex-Gov. Jon Corzine was accused in 2013 of unlawfully using customer money to meet his firm’s funding needs. When MF Global went bust because of trading by ex-Goldman Sach’s Jon Corzine’s trading using his client’s money in London also outside the regulatory eye of the USA, he was NEVER prosecuted for illegally using $1.6 billion of 26,000 client’s money. That is not going to be the case this time. So what is the difference between Corzine and Bankman-Fried? Corzine was ex-Goldman Sachs.
Indeed, Corzine was well-connected right into the White House with Obama. Nobody went to jail and clients had to wait in bankruptcy to get their money – even cash in the accounts was taken. There are clear risks with the broker and clearer. As long as the SEC is run with former Goldman Sachs staff, there will NEVER be an honest regulator. Even when all the banks pled criminally guilty, the SEC exempted everyone from losing their licenses. They would NEVER do that with anyone outside of New York City. The SEC will never prosecute the banks – EVER!!!!
Indeed, several federal investigations had been launched into MF Global, including probes by the Commodity Futures Trading Commission (its main regulator), the Securities and Exchange Commission, the Federal Bureau of Investigation, and Justice Department prosecutors in both Chicago and New York. The brokerage has also been the focus of several congressional hearings. Not a single one charged Corzine with trading with his client’s money. The losses that eventually drove MF Global into bankruptcy stemmed from high-risk bets on European sovereign bonds that Corzine made as he swung for the fences. Corzine bet big that the bond issuers would not default.
Commodity Futures Trading Commission simply fined Jon Corzine only $5 million over MF Global’s rapid descent into bankruptcy on Oct. 31, 2011, as an estimated $1.6 billion of customer money went missing. Anyone else would have been in prison for a minimum of 20 years.
It was Martin Glenn who was the judge in New York on M.F. Global bankruptcy. He was the first one to engage in FORCED LOANS by abandoning the rule of law to help the bankers by protecting them from losses taking client accounts to cover M.F. Global’s losses. He simply allowed the confiscation of client funds when in fact the rule of law should have been that the bankers were responsible and M.F. Global’s losses should have been reversed as they did even when Robert Maxwell’s companies failed in London from his illegal trading taking employee pension funds.
Yes, that was Ghislaine Maxwell’s father and the guy who was in control of the company that Bill Browder worked for before Edmond Safra. Never should the client’s funds be taken for M.F. Global’s losses to the NY Bankers. It was Judge Martin Glen who placed the entire financial; system at risk by trying to protect the bankers. Martin Glenn pampered these bankers making them the new UNTOUCHABLES. We have to be concerned that there really is no rule of law that will protect you in a crisis.
On Bloomberg TV, Sam Bankman-Fried explained why he even created FTX. He said he was experiencing his own frustration at Alameda Research, which was his crypto-focused proprietary trading firm. He was frustrated with the execution he was receiving at various crypto exchanges so he claimed that inspired FTX’s creation in May 2019. FTX grew rapidly to become the third largest crypto exchange in the world, with approximately $16 billion of customer assets under custody over 43 months.
Bankman-Fried stated that Alameda was making lots of money, but it could have been making more and he did not have access to venture capital. Claims of 100% annualized returns are not uncommon in a boom, but any experienced trader knows what goes up, also comes down. Alameda was relying on “cobbling together lines of credit” to expand its capital base. He then created FTX to solve his funding problem creating his own exchange that even the WEF cheered as a partner. He actually created a platform that was tailored for his own company, Alameda, to facilitate its trading needs. FTX coined the phrase “built by traders, for traders.”
There was an obvious conflict of interest questions regarding the close relationship between FTX and Alameda. Being operated from the Bahamas raised questions among those of us who are seasoned financial market observers whether the two were truly arm’s length from each other. However, people were so pumped up on adrenalin with crypto being the end of the dollar and central banks that this new free-wheeling crypto world believed what they wanted to believe and never looked too closely. FTX operated outside the reach of the US regulatory domain and there was a lack of any fiduciary confirmation. When the founder of Binance, the world’s largest crypto exchange, Changpeng Zhao, openly questioned the soundness of the FTX/Alameda nexus on Twitter saying he would sell over $500 million worth of FTX’s token FTT, that was the kiss of death weather or not he realized he would unleash a crypto panic that would engulf the entire industry in a matter of days.
The collapse of FTX will now become a contagion for the crypto world. This 20-something group of inexperienced traders has signaled the demise of an industry that was getting all the hype with no substance. This crypto world will be seen as the DOT COM Bubble of 2000. With a recession on the horizon, the collapse of sovereign debt, and the monetary system as a whole, people will be looking for more of the safe bets rather than roll the dice on crypto. Nothing ever goes straight down. But by year-end, the volatility should perk up everyone’s view of the world.
Posted originally on the conservative tree house on November 14, 2022 | Sundance
Katie Hobbs, the valley girl uptalker who refused to debate, has been declared the winner of the Arizona Governor race against candidate Kari Lake.
I’m not going to try and impart some great wisdom over this, I am likely more disappointed than most, other than to point out the brutally and painfully obvious. Any electioneering process that takes six days to determine the winner and permits weeks of ballot collection within the construct, is no longer an election based on votes.
I’m not sure what to call these multi-week ballot collection contests, but they do not resemble any election that I can reference in any other western nation. Kari Lake was clearly the superior candidate, and Katie Hobbs is genuinely -no snark- a doofus. However, in this new ballot collection electioneering process, you can make the argument that candidate quality is essentially irrelevant.
Here’s my question. We know from the ground reporting and flawed election systems that thousands of ballots were moved into adjudication because they could not be tabulated by broken machinery and flawed election technology infrastructure. Simple question: Of the ballots that were moved into the “adjudication process”, what percentage of those ballots were for Kari Lake and what percentage were for Katie Hobbs? Start there.
Posted originally on the conservative tree house on November 14, 2022 | Sundance
The Senate Leadership Fund is the Political Action Committee (PAC) controlled by Mitch McConnell. Within the quarterly FEC filings of the Senate Leadership Fund, we discover that in addition to funding Joe Biden and Democrats, the ponzi scheme known as the FTX cryptocurrency exchange was also funding Mitch McConnell with $2.5 million. [Document Source]
There is a lot of speculation about U.S. taxpayer funds going to Ukraine, then transferring into the FTX crypto exchange program, then exiting back out with FTX donations to the DC politicians who provided the Ukraine funds. If this ends up being accurate, then the FTX crypto currency operation was being used as a laundry system to funnel money from congress through Ukraine and back into the pockets of politicians.
Do not look for DC politicians to investigate or expose themselves in this potential laundry operation.
Most people think when they vote for a federal politician -a House or Senate representative- they are voting for a person who will go to Washington DC and write or enact legislation. This is the old-fashioned “schoolhouse rock” perspective based on decades past. There is not a single person in congress writing legislation or laws.
In modern politics not a single member of the House of Representatives or Senator writes a law or puts pen to paper to write out a legislative construct. This simply doesn’t happen.
Over the past several decades a system of constructing legislation has taken over Washington DC that more resembles a business operation than a legislative body. Understand this dynamic and you understand how politicians become multi-millionaires on much lesser salaries; and why ‘We The People’ are insignificant and annoying gnats to their business model. Here’s how it works right now.
Outside groups, often called “special interest groups”, are entities that represent their interests in legislative constructs. These groups are often representing foreign governments, Wall Street multinational corporations, banks, financial groups or businesses; or smaller groups of people with a similar connection who come together and form a larger group under an umbrella of interest specific to their affiliation.
Sometimes the groups are social interest groups, activists, climate groups, environmental interests etc. The social interest groups are usually non-profit constructs who depend on the expenditures of government to sustain their cause or need.
The for-profit groups (mostly business) have a purpose in Washington DC to shape policy, legislation and laws favorable to their interests. They have fully staffed offices just like any business would – only their ‘business‘ is getting legislation for their unique interests.
These groups are filled with highly paid lawyers who represent the interests of the entity and actually write laws and legislation briefs.
In the modern era this is actually the origination of the laws that we eventually see passed by congress. Within the walls of these buildings within Washington DC is where the ‘sausage’ is actually made.
Again, no elected official is usually part of this law origination process.
Almost all legislation created is not ‘high profile’, they are obscure changes to current laws, regulations or policies that no-one pays attention to. The passage of the general bills within legislation is not covered in media. Ninety-nine percent of legislative activity happens without anyone outside the system even paying any attention to it.
Once the corporation or representative organizational entity has written the law they want to see passed – they hand it off to the lobbyists.
The lobbyists are people who have deep contacts within the political bodies of the legislative branch, usually former House/Senate staff or former House/Senate politicians themselves.
The lobbyist takes the written brief, the legislative construct, and it’s their job to go to congress and sell it.
“Selling it” means finding politicians who will accept the brief, sponsor their bill and eventually get it to a vote and passage. The lobbyist does this by visiting the politician in their office, or, most currently familiar, by inviting the politician to an event they are hosting. The event is called a junket when it involves travel.
Often the lobbying “event” might be a weekend trip to a ski resort, or a “conference” that takes place at a resort. The actual sales pitch for the bill is usually not too long and the majority of the time is just like a mini vacation etc.
The size of the indulgence within the event, the amount of money the lobbyist is spending, is customarily related to the scale of benefit within the bill the sponsoring business entity is pushing. If the sponsoring business or interest group can gain a lot of financial benefit from the legislation, they spend a lot on the indulgences.
Recap: Corporations (special interest group) write the legislation. Lobbyists take the law and go find politician(s) to support it. Politicians get support from their peers using tenure and status etc. Eventually, if things go according to norm, the legislation gets a vote.
Within every step of the process there are expense account lunches, dinners, trips, venue tickets and a host of other customary financial waypoints to generate/leverage a successful outcome. The amount of money spent is proportional to the benefit derived from the outcome.
The important part to remember is that the origination of the entire process is EXTERNAL to congress.
Congress does not write laws or legislation; special interest groups do. Lobbyists are paid, some very well paid, to get politicians to go along with the need of the legislative group.
When you are voting for a Congressional Rep or a U.S. Senator you are not voting for a person who will write laws. Your rep only votes on legislation to approve or disapprove of constructs that are written by outside groups and sold to them through lobbyists who work for those outside groups.
While all of this is happening the same outside groups who write the laws are providing money for the campaigns of the politicians, they need to pass them. This construct sets up the quid-pro-quo of influence, although much of it is fraught with plausible deniability.
This is the way legislation is created.
If your frame of reference is not established in this basic understanding you can often fall into the trap of viewing a politician, or political vote, through a false prism. The modern origin of all legislative constructs is not within congress.
“we’ll have to pass the bill to, well, find out what is in the bill” etc. ~ Nancy Pelosi 2009
“We rely upon the stupidity of the American voter” ~ Johnathan Gruber 2011, 2012.
Once you understand this process you can understand how politicians get rich.
When a House or Senate member becomes educated on the intent of the legislation, they have attended the sales pitch; and when they find out the likelihood of support for that legislation; they can then position their own (or their families) financial interests to benefit from the consequence of passage. It is a process similar to insider trading on Wall Street, except the trading is based on knowing who will benefit from a legislative passage.
The legislative construct passes from K-Street into the halls of congress through congressional committees. The law originates from the committee to the full House or Senate. Committee seats which vote on these bills are therefore more valuable to the lobbyists. Chairs of these committees are exponentially more valuable.
Now, think about this reality against the backdrop of the 2016 Presidential Election. Legislation is passed based on ideology. In the aftermath of the 2016 election the system within DC was not structurally set-up to receive a Donald Trump presidency.
If Hillary Clinton had won the election, her oval Office desk would be filled with legislation passed by congress which she would have been signing. Heck, she’d have writer’s cramp from all of the special interest legislation, driven by special interest groups that supported her campaign, that would be flowing to her desk.
Why?
Simply because the authors of the legislation, the originating special interest and lobbying groups, were spending millions to fund her campaign. Hillary Clinton would be signing K-Street constructed special interest legislation to repay all of those donors/investors.
Congress would be fast-tracking the passage because the same interest groups also fund the members of congress.
President Donald Trump winning the2016 election threw a monkey wrench into the entire DC system…. In early 2017 the modern legislative machine was frozen in place.
The “America First” policies represented by candidate Donald Trump were not within the legislative constructs coming from the K-Street authors of the legislation. There were no MAGA lobbyists waiting on Trump ideology to advance legislation based on America First objectives.
As a result of an empty feeder system, in early 2017 congress had no bills to advance because all of the myriad of bills and briefs written were not in line with President Trump policy. There was simply no entity within DC writing legislation that was in-line with President Trump’s America-First’ economic and foreign policy agenda.
Exactly the opposite was true. All of the DC legislative briefs and constructs were/are antithetical to Trump policy. There were hundreds of file boxes filled with thousands of legislative constructs that became worthless when Donald Trump won the election.
Those legislative constructs (briefs) representing tens of millions of dollars’ worth of time and influence were just sitting there piled up in boxes under desks and in closets amid K-Street and the congressional offices. Legislation needed to be in-line with an entire new political perspective, and there was no-one, no special interest or lobbying group, currently occupying DC office space with any interest in synergy with Trump policy.
Think about the larger ramifications within that truism. That is also why there was/is so much opposition.
No legislation provided by outside interests means no work for lobbyists who sell it. No work means no money. No money means no expense accounts. No expenses mean politicians paying for their own indulgences etc.
Politicians were not happy without their indulgences, but the issue was actually bigger. No K-Street expenditures also means no personal benefit; and no opportunity to advance financial benefit from the insider trading system.
Without the ability to position personal wealth for benefit, why would a politician stay in office? The income of many long-term politicians on both Republican and Democrat sides of the aisle was completely disrupted by President Trump winning the election. That is one of the key reasons why so many politicians retired immediately thereafter.
When we understand the business of DC, we understand the difference between legislation with a traditional purpose and modern legislation with a financial and political agenda.
Additionally, while looking for the FTX donations, it’s worth noting that Citadel Investment CEO Ken Griffin also gave Mitch McConnell’s Senate Leadership Fund, $20 million in 2022. This is the same Ken Griffin that is a major donor funding the Ron DeSantis 2024 effort. (SOURCE)
Posted originally on the conservative tree house on November 14, 2022 | Sundance
When we are intellectually honest with each other, we accept the traditional Republican apparatus has always been in favor of Wall Street interests, multinational corporations, multination trade agreements, offshoring jobs, overseas manufacturing, open borders to provide endless supplies of unskilled service workers to fulfill their affluent needs, and, in the most general sense, economically no different than the traditional Democrat apparatus. After all, both wings of the DC UniParty feed from the same trough.
The counter economic position to this multinational system has always been the America First outlook. An economic outlook that puts the U.S. worker at the heart of policy. Perhaps encapsulated by saying ‘Main Street over Wall Street’ etc.
It was also the economics of the thing that created the Bernie Bros (Bernie Sanders) and the MAGA team (Donald Trump) commonality.
As a result, the Big Club distraction and distinction game has always been played on the field of social issues. Social issues continually used as a wedge to keep the working class from recognizing their common assembly.
Skilled politicians, those tenured in the ways of the club power retention, play up the social stuff publicly, while both wings of the UniParty give a wink and a nod to each other as they pass through the halls. The “reach across the aisle” code of Omerta exists.
I have no idea how the pragmatic and angered view of President Trump, with full intent to fracture this UniParty apparatus, is going to play out. Fighting both enemies simultaneously has proven to be a massive whac-a-mole undertaking. However, that said, what is abundantly clear is the reassembly of the group trying desperately to block the populist upheaval.
The Multinational corporations are all-in within the process of this inverted Fascism. Corporations now determining the political agenda, and it’s not just here in the United States. We are seeing in in North America, Great Britain and throughout Europe. The larger “western democracy” assembly is expanding the corporate dynamic, while media run cover for the totality of modern expansion.
Specifically in the United States, we can clearly see the K-Street multinational lobbying groups trying to exploit the outcome of a midterm election they helped construct.
(Politico) The conservative Club for Growth is sending a warning shot at former President Donald Trump on the eve of his expected 2024 campaign launch — and indicating it might back his chief potential rival, Florida Gov. Ron DeSantis. […] provided POLITICO with a polling memo showing the former president trailing DeSantis by double digits in one-on-one matchups in Iowa and New Hampshire. (read more)
The transparency of the timing, amid an election outcome they helped create, is remarkable.
The CfG corporate folks are not good people, and CTH will battle them at every level as we have every moment in the past decade. Florida Governor Ron DeSantis is not my/our enemy; however, if he aligns his political interests with the attempted refooting of the multinationals in the Republican party, then he has made a choice.
I am not going to draw a distinction between a group of multinational corporations who wants to diminish Main Street USA, and a potential ally who would align with them for political convenience. Pick up a weapon from inside the multinational armory and you become an America First enemy.
Align with The Big Club, and you are aligned with The Big Club.
Align with The Big Club, and you have chosen to align with The Big Club.
( Business Insider) – Plans for a Super PAC supporting a Florida Gov. Ron DeSantis presidential run are back on after a weak showing for former President Donald Trump’s favored candidates.
This is a reversal from just a few months ago. GOP strategist John Thomas, who is leading the soon-to-be unveiled super PAC called Ron to the Rescue, told Insider in August that DeSantis should not run for president against Trump. He’d even paused plans for the super PAC this summer after the primaries, in which Trump’s endorsed candidates did well. Trump, apparently pleased, shared the Insider interview on Truth Social.
But Thomas, founder and president of the political advertising and strategy group Thomas Partners Strategies, told Insider on Friday that the midterms have reset the calculus. Even in August, he’d said the one caveat for DeSantis pursuing a 2024 presidential run would be poor performance for Trump-favored Republicans in the midterms.
That caveat became reality on Tuesday. In addition to Trump’s weak showing, DeSantis won Florida by a historic, nearly 20-point margin that Thomas called “the perfect cascading of events politically for the governor.” Now, Thomas told Insider, his plans for the Super PAC are back on “full throttle with seven-figure gifts” and the group is ready to “get this show on the road.” (read more)
A presidential Super PAC does not exist without the approval of the candidate who it represents.
“Ron to the Rescue” does not exist without the group representing the interests contacting the people in/around Ron for approval of the creation. It’s just how the system operates. Super PAC’s cannot go out and solicit funds from supporters without gaining prior approval from the candidate network to make those contacts. It is a basic rule of fundraising, even amid the nudge, nudge – wink, wink, of Super PAC creation and plausible deniability.
If a Super PAC was fundraising for a candidate objective – and that candidate did not support the objective – the Super PAC doesn’t happen. Quite simply, this unspoken code exists so that donors do not get bilked out of their money by Super PAC’s being deceptive in their representation.
If a multinational Wall Street DeSantis 2024 Super PAC launches, it is with the support of Ron DeSantis, period.
New readers should be well aware, CTH is not going to play the pretending game.
Posted originally on the conservative tree house on November 14, 2022 | Sundance
At a time when/if the economy was functioning as most economic pundits have previously proclaimed, Amazon and other retail giants would normally be beefing up workers in anticipation of the holiday shopping season. However, with the midterm election in the rearview mirror, exactly the opposite is happening. {Backstory on prior employment announcements}
According to multiple media reports, Amazon is expected to announce layoffs for approximately 10,000 U.S. workers this week. Yet another indication the economic pretending is coming to an end right after the midterm election is concluded.
(CNBC) – Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees.
Shares of Amazon closed down about 2% on Monday.
The cuts would be the largest in the company’s history and would primarily impact Amazon’s devices organization, retail division and human resources, according to the report. The reported layoffs would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees. (read more)
“Bye”
As previously noted by Yahoo News, a “wave of layoffs” has begun that encompasses dozens of medium and large corporations [SEE HERE].
The layoffs, outlined in Yahoo, cover real estate, tech companies, banking, finance, automakers, EV startups, and brick and mortar stores like 7-11 and GAP. It should not come as a surprise, but it is sad to see, nonetheless.
Within the economy, a great pretending can only last so long… then reality hits.
The skilled trades should likely end up in the best employment situation, with the tech sector the worst. Service industries are also one of the first sectors hit when employment becomes an issue.
With rising interest rates, high inflation, excessive inventories, a shrinking production economy, extreme energy costs and diminished disposable income as a result of inflation and gas prices, there was going to come a time when it all starts to congregate.
2023 looks to be the year when economic pretenses collapse under the weight of having to admit a recession exists.
This is shaping up to be a painful holiday season….
As RedState reported, crypto-exchange FTX collapsed after its much-lauded founder, Sam Bankman-Fried, appeared to make improper transfers of customer money. Somewhere between $1-2 billion of that amount has now gone missing and Bankman-Fried also has disappeared.
What makes this so interesting, though, isn’t just that a lot of really wealthy people got scammed. It’s that Bankman-Fried also happens to be one of the top donors to the Democratic Party. In fact, outside of George Soros, no one has done more to bankroll Democrat efforts since the 2020 election. Joe Biden alone received a whopping $5.2 million.
But here’s where things get even weirder. Apparently, while the United States was bankrolling Ukraine and its war effort, that country’s leaders were investing money into FTX.
It was also revealed that FTX had partnered with Ukraine to process donations to their war efforts within days of Joe Biden pledging billions of American taxpayer dollars to the country. Ukraine invested into FTX as the Biden administration funneled funds to the invaded nation, and FTX then made massive donations to Democrats in the US.
There are so many questions that arise from this. For example, why is Ukraine, which we are all assured is broke and needs US taxpayer money, playing around with a Democrat-linked crypto company? This wasn’t just about accepting donations through the portal. The report specifically says that Ukraine actively invested money in FTX.
While that was happening, FTX’s founder was handing out tens of millions of dollars, from the Bahamas, to help elect Democrats back in the United States. That is one of the shadiest things I’ve ever witnessed in politics.
Yes, the chain of custody regarding the funds involved is tough to know. When and where money was sent is something only an investigation of FTX’s internal operation can ascertain. Still, the appearances here are just horrific. Were Democrats funneling taxpayer money to Ukraine, only for some of it to be sent to FTX so it could be funneled back to Democrat campaigns? That’s a question that must be answered, and any attempt to gloss over it will raise major red flags.
I don’t think I’m going out on a limb by suggesting that if another company had been scamming people while bankrolling the Republican Party, it would be major news. There would be calls for investigations as far as the eye could see to figure out whether Republican politicians were using that company as a passthrough to avoid campaign finance laws. Never mind that simply receiving funds from a Ponzi scheme, even without ill intent, is really bad on its own.
This entire situation stinks to high heaven. It appears that Republicans will end up taking the House of Representatives. When that becomes official, GOP members need to dive headfirst into this and figure out what in the world happened. Because having a Democrat mega-donor get exposed like this while also having Ukraine tied up in the mix is too much to ignore.
Front-page contributor for RedState. Visit my archives for more of my latest articles and help out by following me on Twitter @bonchieredstate.
Now that politicians have secured their positions in the elections prepare for the promises to fade. These people will say anything for our vote with no intention of following through. Biden has already announced that they will no longer accept student loan forgiveness applications. A Texas court barred future applications a day after the election – coincidence?
In fact, there is a website tracking Biden’s political promises, albeit not the most accurate. So far, he has kept only 22% of promises made during his campaign – at most. Many of these promises benefit absolutely no one, such as nominating the first black woman to the US Supreme Court, new fuel standards, increasing COVID testing, and rejoining the World Health Organization (WHO). That’s where his administration has placed their energy as if the entire world isn’t crumbling under their rule.
The website downplayed his broken promises after listing them at only 1%. He certainly broke his promise to “Build Back Better” – well… actually, he is following that plan accordingly. He has handed over America to the World Economic Forum on a silver platter. International objectives far outweigh domestic policies. The domestic policies in place and asinine spending packages have only made America less competitive and have hurt the pockets of not only the American people but the global economy.
Conservatives did not experience the red wave that they were hoping to see. Voting trends historically show the youth voting in favor of Democrats. As the quote often attributed to John Adams goes, “If You Are Not a Liberal at 25, You Have No Heart. If You Are Not a Conservative at 35, You Have No Brain.”
Pretending to champion one-voter issues with the backing of celebrities adds to this trend. A new NBC poll examined the exit polling data from voters between 18 and 29 (12% of the electorate) and 63% voted Democrat, while only 35% in this age range voted Republican.
People turn to the Republican Party as time goes on. Those 30 to 44 (21% of the electorate) voted 51% in favor of Democrats and 47% in favor of Republicans. The next age bracket, 45 to 64 (39% of the electorate), voted 44% in favor of Democrats and 54% in favor of Republicans. Those 65 and older (28% of the electorate) voted 43% Democrat and 55% Republican.
As we can see, support for conservative leadership grows with age and wisdom.
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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
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