Posted originally on the CTH on February 16, 2024 | Sundance
As expected, the goofy Judge Arthur Engoron gave a ruling Friday [FULL pdf HERE] ordering President Trump to pay nearly $350 million in penalties for “business fraud.” However, without any victim and with the banks testifying on behalf of Donald Trump, who exactly is he supposed to pay?
Obviously, President Trump and his lawyers are appealing this ridiculous judicial ruling. All the banks and lenders did their own due diligence on financing terms with Donald Trump. This judge genuinely is goofy.
All operational loans and Trump Org. business loans were paid back. There were no defaults or banking interests adversely impacted. There are no victims of what the New York State calls “fraud,” yet this judge has decided President Trump must pay $350 million in damages and must dissolve business interests in the state for a period of three years.
NEW YORK – […] In addition to the penalties aimed at Trump himself, Engoron imposed measures that may significantly alter the operations of the Trump family business, known as the Trump Organization. Engoron banned Trump’s two adult sons, Eric Trump and Donald Trump Jr., who are executive vice presidents of the company, from running New York companies for two years and fined them more than $4 million each. And he ordered a court-appointed monitor to continue overseeing the company’s operations for another three years, requiring the company to seek her approval prior to submitting any financial disclosure to a third party. (read more)
Posted originally on Feb 16, 2024 By Martin Armstrong
Lawmakers should be required by law to pass a financial literacy test before taking office. California has repeatedly raised the minimum wage as the cost of living continues to rise. They have not lowered the amount of taxes that the state will collect from these workers. California has the highest debt of any state in the US, with some reports estimating it to be around $520 billion. The cost of living continues to rise, but would raising the minimum wage actually help?
Now, I am not against raising the minimum wage. In Florida, I voted for a hike in the minimum wage in 2020 that would increase the minimum wage gradually to $15 an hour. Under the mandate, Florida’s minimum wage rate increased to $10 an hour in September 2021. The minimum wage then will increase by $1 each year until it reaches $15 an hour in 2026. The minimum wage rate applies to all public and private sector employers, regardless of size or number of employees. I voted for it because by 2026 we should see a rise in inflation due to shortages.
I would prefer to see the minimum wage qualified by age. The youth should not be discouraged from seeking their first job due to wage mandates that force employers to downsize. Small businesses were decimated after COVID lockdowns and increasing health care costs have made it difficult for small businesses, especially those service-oriented, to hire additional staff. This is why we see an increasing number of self-check-out options, automated jobs, and outsourced customer service positions in countries outside of the US.
Barbara Lee, a Democratic candidate in California, is advocating for a $50 minimum wage, which would equate to approximately $104,000 per year for a full-time worker. “In the Bay Area, I believe it was the United Way that came out with a report that very recently $127,000 for a family of four is just barely enough to get by,” Lee said. “Another survey very recently: $104,000. For a family of one, barely enough to get by low income because of the affordability crisis.”
California already has a $20 minimum wage in place. Countless employers were forced to let go of employees and raise their prices to meet this requirement. In no reality should a minimum wage employee receive a six-figure salary as it simply is not worth the cost to the employer or consumer. Minimum wage jobs were intended to be entry-level. Inflation will continue to rise
I believe they are seeking to raise the minimum wage to unsustainable levels in an attempt to usher in Universal Basic Income. The Federal government is not permitting migrants to work and using them as the test subjects for UBI. The cost of living will continue to rise as government spending is only rising with no chance of stopping due to numerous wars. Politicians should not be allowed to toy with the minimum wage to buy votes as it is detrimental to the economy.
Posted originally on Feb 15, 2024 By Martin Armstrong
“I promise you if I’m elected president, you’re going to see the single most important thing that changes America,” Biden announced on his campaign trail in 2019. “We’re gonna cure cancer!”
Many have since forgotten the loftiest, most absurd campaign promise in recent years. Sadly, there are those who actually believed funding and research would be put toward cancer research instead of killing off the young and healthy at war. The National Institutes of Health has identified 100 different types of cancer that develop for various, largely unknown reasons. The FDA permits known carcinogens to exist in our food and common households products, citing that they have minimal risk. Has anything been done under Biden’s presidency to aid in researching cancer?
The Biden Cancer Moonshot is a White House initiative aimed at reducing the deadly impact of cancer and improving patient experiences in the treatment and survival of cancer. Over $330 million has been earmarked for this project, a small cost compared to government’s spending on less important matters. The objectives of this initiative include reducing the cancer death rate by 50% over the next 25 years, improving access to cancer screenings, understanding and preventing toxic and environmental exposures, and preventing more cancers before they start. No, Biden was not able to “cure cancer” during his first term, but he is hoping this forgotten program will reduce the rate of cancer in 25 years.
The American Cancer Society believes that cancer cases will hit an all-time high in 2024, with two million Americans receiving that awful diagnosis. Cancer among those between 55 and 64 has risen, with colorectal cancer being the leading cause of death for men, while breast is the most lethal cancer for women. Genetics? Environmental? Other? Researchers are uncertain.
Americans cannot afford cancer treatments, and healthcare issues are the leading cause of bankruptcy. Drug companies, insurance companies, and health providers are permitted to extort Americans for top dollar and no one is intervening in a meaningful way. As this was Joe Biden’s promise to America, he certainly could have passed legislation preventing Americans from being decimated by these industries.
There was a Senate hearing on February 8, 2024, involving the CEOs of Bristol Myers Squibb, Johnson & Johnson, and Merck. Senator Bernie Sanders confronted the CEOs, highlighting the obvious discrepancy between drug prices in the US and those in other countries. He underscored the findings of a majority staff report, which revealed that these companies charge Americans the highest prices globally and have substantially increased prices over the years. The report noted that from 2004 to 2008, the median price of new innovative drugs from these companies was $14,000, which surged to a median price of $238,000 from 2019 to 2023. The CEOs defended their pricing and are refusing to lower costs.
Do not believe promises made on the campaign trail, as these politicians will pretend they can solve every crisis known to man. The Biden Administration could focus on improving cancer research now, not in 25 years, and they could certainly curtail these sinister health agencies from profiting on the pain of the American people.
Posted originally on Feb 15, 2024 By Martin Armstrong
Cities across America are watching their budgets implode due to the migrant crisis. Instead of deporting the people who entered illegally, cities are beginning to cut their budgets to reallocate funds. So the taxpaying public are having their contributions unfairly stolen by their politicians to pay for illegal activities.
Denver is one of many sanctuary cities that is now slashing their budgets to make room for the migrants. Denver Mayor Mike Johnston announced public services will be cut by $5 million, and predicts the surge of unknown residents will cost taxpayers $180 million in 2024. The news comes one month after the city redirected $25 million away from legal residents. These politicians have absolutely no scope of the true cost of paying for unemployed migrants who do not contribute to society. They refuse to address the core problem, because that would unmask the true motive behind the deliberate and calculated invasion.
Johnston and other leaders of sanctuary cities continue to blame the Republicans and Trump. Johnston cited the GOP blocking the most recent spending package as the reason for the recent budget cuts. “I want it to be clear to Denverites. Who is not responsible for this crisis that we’re in [is] folks who have walked 3,000 miles to get to this city,” the mayor said. Well, you presented your city as a safe haven for asylum seekers. The truth of the matter is that you did not expect Abbott and others to ship migrants to your door.
“Despite broad bipartisan support, I think [former President] Trump and Republican leaders saw this as a chance that if this bill actually passed, it would have successfully solved the problem facing cities and the border, and they would have rather seen it fail, so they could exacerbate these problems, extend the suffering of American people and of newcomers for their own electoral changes this November,” Johnston continued.
This is actually how these people operate as they believe spending more money, on foreign wars at that, could act as a viable solution. A child with a piggy bank has a better grip on finances. These cities refuse to admit that perhaps building a wall or simply securing the border, GOP-led initiatives, would curb the crisis. Is all of this chaos worth turning your cities blue? Biden has the authority to stop this madness at any time.
We will see more cities slash their budgets as they realize they simply cannot afford to bankroll tens of thousands of people. This will lead to increased civil unrest as Americans watch their quality of life drop as their taxes are misused for political ploys. The asinine amount of money American citizens pay in taxes should not be spent on people from foreign nations, be it on wars or migrants.
Posted originally on Feb 14, 2024 By Martin Armstrong
I found Marjorie Taylor Greene’s interview with Tucker Carlson quite enlightening. I never really formed an opinion of her one way or the other. The image that floated around was she was some sort of radical. After listening to the interview, I can confirm what she said about how Washington Works was correct. You are not supposed to make a motion from the floor. All motions are to be through a committee. This is how Congress restricts your representation. What she has stood for on most occasions was rather common sense. Congress is bought and paid for, and that is why these people keep sending billions to Ukraine with no end in sight. The fact that both Republicans and Democrats hare Greene so much, that alone means we need to listen because the rest do not have our interests at heart.
As I have said many times, I can run for Congress, tell you whatever you need to hear to vote for me, and then when I get there, I am supposed to vote the party line. This is the entire problem as to why I warn that Republics are the most corrupt form of government known to history.
This is the reality of the Business Cycle. You get a picture of the leadership cycle when you throw in politics. The economic hard times inevitably will cause the rise of strong men to come to the rescue, such as Thomas Jefferson and the Founding Fathers. They, in turn, result in the Business Cycle and produce good times that ultimately peak with the typical euphoria. However, the prosperous good times lead to mismanagement and corruption, which take hold, and the Business Cycle begins to decline. The once-boom times of euphoria are rapidly supplanted by hard times as incompetent and corrupt leaders undermine the foundation that created the prosperous times. As the economy then crashes and burns, taking the business cycle down, this, in turn, will lead once again to the rise of strong leadership. This, the Business Cycle of Leadership follows the same time frame.
I have often been asked how Socrates can forecast elections without polls. It looks at the Business Cycle, and human nature simply never changes. Just follow the money. We have nobody representing our interests anymore. That is a sad state of affairs. The only solution is to vote according to the voting records of the person entrenched in Washington politics.
Posted originally on the CTH on February 14, 2024 | Sundance
The House Permanent Select Committee on Intelligence, HPSCI, Chairman Mike Turner is quite predictable in his methods to support the Intelligence Community. {Background Here}
Today, Chairman Mike Turner shocked the DC system by proclaiming Russians from Outer Space were coming to destroy us. This “deadly Russians” narrative, as sold by Mike Turner, supports: (1) Ukraine funding, (2) FISA reauthorization and the (3) “seven ways to Sunday” Deep State.
WASHINGTON DC – A vague warning by the chair of the House Intelligence Committee about a “serious national security threat” Wednesday is related to Russia’s attempts to develop an antisatellite nuclear weapon for use in space, according to two people familiar with the matter.
While the people did not provide further details on the intel, one of them noted the U.S. has for more than a year been concerned about Russia’s potentially creating and deploying an antisatellite nuclear weapon — a weapon the U.S. and other countries would be unable to adequately defend against.
In his statement Wednesday morning, Rep. Mike Turner (R-Ohio) said his committee had made available the information about the national security threat and called on the administration to declassify the intelligence so officials and lawmakers could discuss the matter with allies.
It is not clear what prompted Turner to issue the statement now, as the intelligence has been available to leaders of the House intelligence committee and their top aides in a secure room on Capitol Hill for more than a week, one of the people said. The Senate intelligence committee has also had access to the information. (read more)
Now, right before the latest Dangerous Russians from Outer Space narrative was triggered, guess where Mike Turner was?
Posted originally on Feb 14, 2024 By Martin Armstrong
A massacre was prevented over the weekend, thanks to a good guy with a gun. Governments globally are looking to eliminate or severely restrict firearm usage, citing that civilians do not need to defend themselves. On Sunday, Genesse Ivonne Moreno, 36, entered a Houston megachurch wearing a black trench coat concealing an AR-15 featuring pro-Palestinian messaging. She did not expect two off-duty police officers to be seated in the pews.
Sadly, Moreno’s 7-year-old son fell by her own bullets inside the church, and another parishioner was also injured after being shot in the leg. Moreno is transgendered and uses male and female aliases. Their ex-husband is Jewish, and police said they found “anti-Semitic” writings but have not published them. Moreno has a long history of arrests spanning from 2005, including unlawful possession of a firearm. This person was NOT in legal possession of the weapon that they were intended to use to kill Christians.
The men who intervened acted heroically and fatally shot Moreno. Would you have preferred to wait until the police were called and more lives were taken by this disturbed, violent criminal? We saw how the police failed to act after the Uvalde school shooting that claimed the lives of 19 students and two teachers.
The point of the matter is that gun restrictions are a danger to our society. No one knows how Moreno obtained a weapon, but criminals will always have access to firearms. Regulations only prevent law-abiding citizens from self-defense, first against others and, secondly, against their own government. Authorities are still investigating whether this was a hate crime, which should raise eyebrows.
The media claims perhaps she acted hatefully towards Jews because her ex-husband had Jewish relatives. The “Palestine” sticker on the assault rifle should give some indication as to her motive. Others say she acted hatefully towards Hispanics as she entered prior to a Spanish-speaking service. No one is discussing how this happened in a church, and she intended to hunt Christians, hence why this story is receiving minimal coverage since Christians are not a protected class in America.
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