Tag Archives: Green New Deal

Aug 3 2023

They See It Coming – Fitch Joins S&P to Downgrade USA Credit Rating


Posted originally on the CTH on August 2, 2023 | Sundance 

Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.

Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.

In the bigger picture, this is a self-fulfilling prophecy driven by the latest focus on unsustainable economic policy, aka The Green New Deal. The efforts of the fiscal, monetary and economic policy are all aligned to shrink the U.S. economy, thereby creating the era of “sustainable energy” a possibility. Unfortunately, this is akin to a household intentionally shrinking their income while at the same time taking on credit card debt. The process itself is not sustainable.

(Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

[…] “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.

U.S. Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”

[…] In a previous debt ceiling crisis in 2011, Standard & Poor’s cut the top “AAA” rating by one notch a few days after a debt ceiling deal, citing political polarization and insufficient steps to right the nation’s fiscal outlook. Its rating is still “AA-plus” – its second highest.

After that downgrade, U.S. stocks tumbled and the impact of the rating cut was felt across global stock markets, which were in the throes of the euro zone financial meltdown.

In May, Fitch had placed its “AAA” rating of U.S. sovereign debt on watch for a possible downgrade, citing downside risks, including political brinkmanship and a growing debt burden. (read More)

What do Barack Obama and Joe Biden have in common?  They were both in office, executing an identical economic, fiscal and monetary policy, when the USA credit was downgraded.

Jul 31 2023

Converting El Niño into Climate Change to Further the Agenda 2030


Armstrong Economics Blog/Climate Re-Posted Jul 31, 2023 by Martin Armstrong

COMMENT: All of a sudden, El Niño is proof of global warming, just like the wildfires in Australia and California, as if these things never happened before. The sheep believe whatever the press tells them. That’s why you cannot stop the cycle, and 2032 is now not so far away.

HW

ANSWER: El Niño and La Niña are climate patterns in the Pacific Ocean that have impacted weather worldwide for centuries. This very intense cycle will increase the risk of famine in parts of the world from 2024 to 2025. Here is a chart of the temperatures back to 1950. Look closely, and you will see that the cycle is very violent. It goes from hot and then plunges into a Panic Cycle type move immediately thereafter.

El Niño events are thought to have occurred for thousands of years, and only now are people claiming this is proof of humans changing the environment. It is believed that historically the Indians in Peru sacrificed humans to try to prevent the rains caused by a severe El Niño. Perhaps they might have had better success by offering politicians instead of virgins. These people latch on to anything and now with ZERO proof, they tell everyone that it is Climate Change that is making it hotter.

Perhaps we should just turn off the energy used by mainstream media and their propaganda as well as in Washington, and end taxes as Roman Emperor Tiberius did during an emergency. I would bet things will get a lot better and real fast.

Jul 28 2023

The Bankers Who Are De-Banking Those They Just Disagree With


Armstrong Economics Blog/Politics Re-Posted Jul 28, 2023 by Martin Armstrong

I want to stress that I have been getting emails that the same trend is emerging in the United States. Some banks have embraced WOKE, and with it, they are engaging in DISCRIMINATION. This equality only works when you agree with them. If you disagree, you are to be cast out of society, de-banked, and unable to even survive, pay a mortgage, or food.

Chase had debanked Dr. Mercola. I too was debanked by Chase after sending bonuses to our overseas employees. They did not ask for any explanation – they just closed the account. This is becoming common these days.

Jul 12 2023

Farmers Insurance Company Pulls Out of Florida – Another 100,000 Policies Will Not Be Renewed


Posted originally on the CTH on July 11, 2023 | Sundance 

The insurance crisis in Florida is hitting the middle-class family, working community and retirees on a fixed income directly.   Hundreds of thousands of residents have lost insurance coverage, and even more have seen policy premiums double.  It is not uncommon to find homeowners who are paying more for insurance than their actual mortgage payment.  Unfortunately, the situation is getting worse.

Farmers Insurance has notified the state they are pulling out of Florida, will not be writing any additional policies in the Sunshine state and when existing policies expire, they will not be renewed.  Home and auto policy rates have already doubled in many areas for many people.

The insurance situation is becoming more unstable by the day, and the future outlook seems even worse amid reports that even more companies are planning to exit.

FLORIDA – Another property insurer is dropping coverage in Florida.

Farmers Insurance will stop writing new business and not renew its existing “Farmers-branded” automobile, home and umbrella policies in the Sunshine State, the company said Tuesday.

Last month, Farmers said it was only pausing new business in Florida. The company is also limiting new home policies in California, where it is based, according to news reports.

“This business decision was necessary to effectively manage risk exposure,” the company said in a statement.

The move will impact 30% of the company’s business in Florida, or roughly 100,000 policies. Policyholders affected by the decision are required to be given 120 days’ notice that their coverage will not be renewed.

Farmers on Monday sent notice of its plans to the Florida Office of Insurance Regulation, which is reviewing it. Insurers must give the office 90 days’ notice if they want to discontinue writing business in Florida. (read more)

The insurance company withdrawals works in concert with investment groups who prey on the outcome.  Single family homes and even large condo developments are squeezed into a situation where housing is no longer affordable.  The investment vultures then swoop in and end up controlling the properties.

Florida’s working and middle-class is being destroyed and a divide between the haves and have-nots is being created.  The wealth gap is expanding as families are forced to leave the state and a larger percentage of self-insured rich people move in.

Long before Ron DeSantis became a potential presidential candidate, and long before Hurricane Ian devastated southwest Florida in 2022, I was highly critical of state policies that were not constructed around the backbone of the economy, the working class.   Temporary H1B Visa workers replacing permanent residents as a workforce to fill the gap is not a long-term solution.

When you stop paying attention to the economic systems that support a sustainable service and production workforce in Florida, this snowballing outcome is predictable. None of it is good.  Unfortunately, as I forewarned prior to the COVID era, Governor Ron DeSantis is creating a class-war tinderbox.  The sentiment on the ground is increasingly growing angry.  His absence is only making it worse.

“My Tribe“

Jul 7 2023

Climate Change Lockdowns Are Coming?


Armstrong Economics Blog/Climate Re-Posted Jul 7, 2023 by Martin Armstrong

QUESTION: There has been talk that Trudeau will use the fires to claim a climate crisis, and that will justify lockdowns again. Is there any truth to these rumors?

FS

ANSWER: There is definitely the idea of using climate change to justify lockdowns. However, this is really not for climate change but for crowd control. They are well aware of the rising discontent civilly, which historically produces revolution. They are pushing for world war III for two reasons.

First, it will be the excuse to default on all sovereign debt as they are also attracted to the Schwab-Soros solution of a one-world government. If that is the case, then all previous sovereign debt will be null and void. The United States did that with the debt of the Continental Congress when they created the United States. That’s why you can collect the revolutionary currency that was never honored.

Secondly, they fear revolution is in the wind. In order to prevent that from taking place, they need to restrict all travel, censor social media, and lock us down using climate change as the excuse.

You may not know it, but at the Paris climate summit, they REFUSED to allow anyone to testify who disputed their agenda. That was the start of this Cancel Culture. The Guardian published the truth, perhaps ahead of schedule. There are those pushing for lockdowns every two years to meet the Paris requirement of ZERO CO2. Everyone’s future is to change, and they never ONCE allowed anyone to ever vote on this agenda. These people understand that civil unrest is on the rise. They desperately need a diversion. Russia is providing that for now.

Video

Will people support this war against Russia and draft people to go to Ukraine? Will that be the turning point? Are you willing to send your children or yourself to fight for Ukraine over the Donbas, which is the home to Russians, not Ukrainians, for hundreds of years when it does not impact our lives? They know there will be resistance. If it is too great, you will suddenly see the need for climate change lockdowns.

Jul 6 2023

10 Million-Year-Old Tree Fossil Explains Natural Climate Change


Armstrong Economics Blog/Climate Re-Posted Jul 5, 2023 by Martin Armstrong

The Earth contains the blueprint for ancient life. Ice core samples and tree fossils have taught us much about the seemingly undocumented world. Researchers at Central Andean Plateau in Peru have made a groundbreaking discovery within a 10-million-year-old well-preserved tree fossil. Their findings further prove that climate change is a naturally cyclically occurring phenomenon.

Ten million years ago marked the late Miocene Epoch period, a time of global cooling. Sea levels and rainfall declined, rainforests began to deplete, and numerous animal and plant species became extinct in favor of new species that could withstand the climate. Humans could not be blamed for this shift as homo sapiens did not exist.

The ancient tree and other samples show that the ecosystem of South America has undergone significant changes. The climate was more humid and diverse than previously believed, shifting to a dry and scarce environment. Researchers noted that elevation significantly rose from 2,000 meters to 4,000 meters, a primary factor for the change in climate.

Fossils dated 5 million years old reveal that the climate had already shifted by then and resembled the puna-like ecosystem of today. The dry and scarce environment changed to one of greenery and abundance. Researchers now believe shifts in the tectonic plates that slowly occurred over millenniums influenced climate change.

The planet is constantly changing and evolving. Humans are not responsible for the cyclically changing landscape of Earth.

Jun 30 2023

US Households Paid an Additional $10K Under Biden Regulations


Armstrong Economics Blog/Politics Re-Posted Jun 30, 2023 by Martin Armstrong

University of Chicago professor Casey Mulligan recently compared regulatory records from the Obama Administration to now. Mulligan found that Biden has imposed the most costly regulations in recent history at a rate of $617 billion annually. Her research concluded that the average American household now pays $9,600 more under Biden.

This uptick in spending found in this study is solely due to regulation. If we were to factor in inflation, which Biden poured gasoline on (no pun intended), the figure would be even higher. The Build Back Better agenda comes at a cost to the people. Auto fuel and emissions standards compose one-third of total regulatory costs alone.

Trump attempted deregulation and saved the average American household $11,000 during his four-year term. Trump’s main regulatory initiative that was a costly mistake was Operation Warp Speed, which cost over $300 billion. “President Trump showed that regulatory costs can be subtracted rather than perpetually added,” the report states. “Four years of President Trump reduced regulatory costs by about $11,000 per household. Eight years would have saved a total of more than $21,000, which is a gap of $61,000 to $80,000 from the Biden trajectory.”

Biden had the audacity to tote “Bidenomics” at a recent speaking engagement. Clearly, his economic policies have put America in a dire situation. Biden plans to continue implementing costly regulations. Mulligan’s estimates also do not account for the coming war his administration is thrusting us into without just cause. The nation simply cannot afford to keep him in power. Too bad we don’t have the ability to determine our own elections.

Jun 27 2023

Hunting and Fishing Bans


Armstrong Economics Blog/USA Current Events Re-Posted Jun 27, 2023 by Martin Armstrong

The Biden Administration is making sure Americans turn to lab-grown fake meat by placing restrictions on fishing and hunting. They do not want us to live off the land or have access to free food. Big government will provide everything you need. The U.S. Fish and Wildlife Service (FWS) issued its 2023-2024 hunting and fishing rule manual that lists new limitations on hunting. Stores will no longer be permitted to sell certain fishing tackle or lead ammunition.

The elites have been attempting to implement these laws for some time under the guise of climate change. The Center for Biological Diversity won a lawsuit in 2021 to repeal a Trump Administration law that permitted hunting and fishing on 2.3 million acers across 147 fisheries and wildlife refuges.

“In conservation, the very essence of Teddy Roosevelt was multiple use, public access, the best science, greater good, longest term,” he continued. “That’s the American conservation ethic, which largely stems from Roosevelt and Pinchot and managing our forests. Hunting was core to that,” he stated. “This is a state issue. It should not be agenda based, it should be based on science. The state fish and wildlife experts evaluated within their respective boundaries and borders,” Zinke said. “If the environmentalists really wanted to get concerned about the bird population, maybe they should look at the 750,000 plus birds that are chopped up by wind and increasing.”. Ryan Zinke, R-Mont., stated, noting hunting and fishing is a priority for Montana residents.

They have no proof that lead ammunition is hurting the wildlife population. The government has told hunters to carry bear spray when out in the wilderness as they are attempting to phase out lead ammo by 2026. What’s next? Will they tell us to remove our gardens to conserve water? Prevent personal fertilizer purchases? This is not the land of the free, as the land is no longer ours to live off of as nature intended.

Jun 24 2023

House Ways and Means Committee Press Conference Upon Release of Documents Showing DOJ Intervention to Protect Joe Biden Son


Posted originally on the CTH on June 23, 2023 | Sundance 

The House Ways and Means Committee held a press conference after a vote to release information from an IRS whistleblower that showed the U.S. Justice Department involved in an effort to protect Hunter Biden, the son of Joe Biden, from outcomes related to his illegal money laundering operation.

According to the accusations, the money laundering was done in an effort to hide Hunter and Joe Biden selling influence and accepting payments from foreign government sources.  The allegations include, the Dept of Justice and FBI led by AG Merrick Garland and Deputy AG Lisa Monaco, interfered in the investigation in order to protect the Biden administration.  WATCH:

“Today, the Ways and Means Committee voted to make public the testimony of IRS employees blowing the whistle on misconduct at the IRS and the Biden Department of Justice regarding unequal enforcement of tax law, interference and government abuse in the handling of investigations into criminal activity by President Biden’s son, Hunter Biden, and retaliation against IRS employees blowing the whistle on this abuse.”

Whistleblower #1 redacted transcript ~ Whistleblower #1 redacted affidavit ~ Whistleblower #2 redacted transcript ~ Whistleblower #2 redacted supplemental submission ~ June 7, 2023 letter ~

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