Posted originally on the CTH on February 4, 2025 | Sundance
Oh, this is rich…. “The lawsuit, which claims violations of First Amendment rights and of the federal Privacy Act, asks to bar the Justice Department from aggregating and disseminating the identities of FBI agents and employees that could tie them to the Jan. 6 and Mar-a-Lago cases.” [Read Full Article]
The ‘rank and vile’ FBI agents decry violations of their “Free Speech” and “Privacy” after those same FBI agents violated U.S. citizen free speech (see “Twitter files”) and privacy (see FISA-702). [Read Their Lawsuit Here]
Seriously, the arrogance, hubris and sentiment of being above all accountability is just too thick. You just cannot make this stuff up.
WASHINGTON DC – […] “Plaintiffs legitimately fear that the information being compiled will be accessed by persons who are not authorized to have access to it,” they argue. “Plaintiffs further assert that even if they are not targeted for termination, they may face other retaliatory acts such as demotion, denial of job opportunities or denial of promotions in the future.”
The suit was filed in federal court in Washington on Tuesday around the same time as a deadline the Justice Department set for the FBI to identify all its personnel who worked on Jan. 6-related cases or investigations. It’s unclear what DOJ officials plan to do with the names, but some prosecutors and FBI leaders deemed untrustworthy by Trump appointees have already been fired. (more)
The modern FBI is the police agency of a weaponized U.S government, with a direct and purposeful mandate to keep the American people under control through strict surveillance and a violent police state.
Understand and accept this with great seriousness, there are no honorable “rank and file” inside this organization.
Every member of the FBI is a participant in the weaponization of power and government. The members are jackboots recruited from ideological college campuses for exactly the purpose of supporting a Stasi-like police state.
Through the past several years, we have discovered how the FBI worked inside Twitter, Facebook and social media to control information, remove content and manipulate opinion on behalf of the U.S. government – all activity political.
We have also learned the FBI took active measures to suppress information about the Hunter Biden laptop and control any negative consequences for the Biden regime – again, political. These are not disputed realities.
The U.S. Dept of Justice and FBI are now political institutions that have abandoned their originating mission in order to become the domestic equivalent of the Soviet-era FSB. Their joint targeting mechanisms have been redesigned to support the interests of corrupt DC politicians, specifically the interests of Democrats.
It was in June 2022, when Senator Chuck Grassley sent a letter [pdf HERE] to Attorney General Merrick Garland and FBI Director Chris Wray, notifying them of whistleblower allegations from within the FBI that senior leadership in both Main Justice and FBI are involved in a coordinated effort to cover up criminal activity related to Hunter Biden.
The whistleblower allegations, in combination with the documented history of DOJ and FBI misconduct, culminate in Senator Grassley stating:
“If these allegations are true and accurate, the Justice Department and FBI are – and have been – institutionally corrupted to their very core to the point in which the United States Congress and the American people will have no confidence in the equal application of the law. Attorney General Garland and Director Wray, simply put, based on the allegations that I’ve received from numerous whistleblowers, you have systemic and existential problems within your agencies.” (LINK)
Grassley was admitting what has been visible for years.
Senator Grassley is telling the corrupt DOJ-FBI leadership that people in the organizations are outlining the detailed behavior of their corrupt leadership. However, with zero oversight involved, and with Democrats in charge of all committees that would be responsible for such oversight, and with institutional media in alignment and agreement with the corrupt institutional intents of the DOJ/FBI, the frustrating question becomes, “and“?
I mean, who are we kidding? If Republicans were in charge of the Senate Judiciary, Reform/Oversight, or Intelligence committees, do we really believe that anything would be different? Before responding to that cynicism, remind yourself, they were for four years, January 2015 through January 2019, Republicans in charge of oversight.
It was exactly when Republicans were in charge of Main Justice and FBI oversight that Main Justice and FBI were targeting political candidate Donald Trump.
In July 2021, the DOJ OIG produced an absolutely damning Inspector General investigation of FBI conduct in the rape and sexual assault of U.S. Gymnasts, revealing how FBI agents facilitated Nassar’s sex crimes by taking no action despite numerous witness statements to them.
Worse yet, the FBI never reported the sexual assaults to local law enforcement… and to top it off, the rank and vile FBI agents lied during the investigation of their conduct, and the DOJ under AG Bill Barr, and now under AG Merrick Garland, refused to prosecute the FBI liars.
The entire IG report [Must Read pdf Here] reveals layer-upon-layer of FBI wrongdoing, misconduct and false statements in an effort to cover up their activity when the internal investigation of their conduct began. This report is a total condemnation of the FBI rank and file. It really is quite stunning.
BACKGROUND on FBI – As we discovered in January of 2023, the FBI was fully aware of the terrorist who was planning to shoot the synagogue in Colleyville, Texas, and yet they did nothing.
The FBI knowledge of the shooter, Malik Faisal Akram, who was known as Faisal Akram, was confirmed by The Daily Mail. Akram ranted, prior to his travel to the U.S, that he wished he had died in the 9/11 terror attacks. He was a regular visitor to Pakistan, and reportedly a member of the Tablighi Jamaat group set up to ‘purify’ Islam. To say the U.S. intelligence system knew Faisal Akram would be an understatement.
The FBI was also fully aware of the Boston Marathon bombers, the Tsarnaev brothers, before they executed their plot. The FBI took no action. The Russian police twice warned the FBI that the Tsarnaev brothers were going to carry out a domestic terrorist attack on the USA, the FBI did nothing.
The FBI knew in advance of the Pulse Nightclub shooter (Omar Mateen) and were tipped off by the local sheriff. The FBI knew in advance of the San Bernardino Terrorists (Tashfeen Malik). The FBI knew in advance of the Boston Marathon Bombers (the Tsarnaev brothers) tipped off by Russians. The FBI knew in advance of the Parkland High School shooter (Nikolas Cruz). The FBI knew in advance of the Fort Hood shooter (Nidal Hasan), and the FBI knew in advance of Colorado grocery store shooter Ahmad al-Aliwi Alissa. The FBI took no action.
The case of the first recorded ISIS attack on U.S. soil was in Garland, Texas in 2015.
The FBI not only knew the shooters (Elton Simpson and Nadir Soofi) in advance, BUT the FBI ALSO took the shooters to the venue and were standing only a few yards away when Simpson and Soofi opened fire. Yes, you read that correctly – the FBI took the terrorists to the event and then watched it unfold. “An FBI trainer suggested in an interview with “60 Minutes” that, had the attack been bigger, the agency’s numerous ties to the shooter would have led to a congressional investigation.”
Remember, shortly before the 2018 mid-term election, when Ceasar Syoc – a man living in his van – was caught sending “energetic material that can become combustible when subjected to heat or friction”, or what FBI Director Christopher Wray called “not hoax devices”?
Remember how sketchy everything about that was, including the child-like perpetrator telling a judge later that he was trying to walk back his guilty plea, because he was tricked into signing a confession for a crime he did not create.
Or more recently, the goofball plot to kidnap Gretchen Whitmer that involved 18 suspects, twelve of them actually working for the FBI as the plot was hatched? And we cannot forget the January 6th. DC protest turned insurrection effort, which is clearly looking like an FBI inspired and coordinated effort; and unlike Syoc, despite the numerous CCTV cameras and resources in the area, they cannot find who placed the pipe-bombs?
Have we forgotten the Atlanta “Olympic Park Bombing”, and the FBI intentionally setting up transparently innocent, Richard Jewel?
What about the FBI failing to investigate the assassination of U.S. Ambassador Christopher Stevens in Benghazi. Did we forget when Robert Mueller’s FBI waited 19 days after the Benghazi attack before showing up at the compound?…. Journalists from the USA were walking around the compound after 48 hours, but it took the FBI another two weeks before the first investigator arrived…. All evidence long destroyed.
Then, there’s the entirety of the FBI conduct in “Spygate”, the demonstrably evident FBI operation to conduct political surveillance against Donald Trump using their investigative authorities; and the downstream consequences of a massive institutional effort to cover up one of the biggest justice department scandals in the history of our nation. The original effort against Donald Trump used massive resources from the DOJ and FBI. Heck, the coverup operation using the Mueller/Weissmann special counsel used more than 50 investigative FBI agents alone.
And of course, the FBI still had 13 extra agents available to rush to a NASCAR racetrack to investigate a garage door pull-down rope that might have been perceived as a noose; but the serial rape of hundreds of teenage girls, eh, not-so-much effort – even when they are standing in front of the FBI begging for help.
[At this point, I am increasingly convinced by evidence there are elements within the FBI that are enablers involved in sex trafficking, human smuggling, abduction, counterfeiting and money laundering as part of their operational mission.]
The FBI didn’t make a mistake or drop the proverbial ball in the Olympic gymnast case, they intentionally and specifically maintained the sexual exploitation of teenage girls by doing absolutely nothing with the complaints they received. This is not misconduct, this is purposeful.
Then, as if to apply salt to the open wound of severe FBI politicization, what did the FBI do with the Hunter Biden laptop?
More recently, the FBI executed a search warrant on the home and office of Project Veritas and the founder James O’Keefe. While the raid was taking place, a New York Times reporter called O’Keefe to ask him about his thoughts on getting raided. The same New York Times journalist, a few days later, then begins writing about the confidential attorney-client privileged information illegally retrieved then leaked by the FBI during their raid.
♦My point is this…
What the Federal Security Service (FSB) is to the internal security of the Russian state, so too is the FBI in performing the same function for the U.S. federal government.
The FBI is a U.S. version of the Russian “State Police”; and the FBI is deployed -almost exclusively- to attack domestic enemies of those who control government, while they protect the interests of the U.S. Fourth Branch of Government. That is the clear and accurate domestic prism to contextualize their perceived mission: “domestic violent extremists pose the greatest threat” to their objective.
Put another way, “We The People”, who fight against government abuse and usurpation, are the FBI’s actual and literal enemy.
Let me be very clear with another brutally obvious example. Antifa could not exist as an organization, capable to organize and carry out violent attacks against their targets, without the full support of the FBI. If the FBI wanted to arrest members of Antifa, who are actually conducting violence, they could do it easily – with little effort.
It is the absence of any action, by the FBI toward Antifa, that tells us the FBI is enabling that violent extremist behavior to continue. Once you accept that transparent point of truth, then you realize the FBI definition of domestic violent extremism is something else entirely.
The FBI is not a law enforcement or investigative division of the U.S. Department of Justice. The FBI is a political weapon of a larger institution that is now focused almost entirely toward supporting a radical communist agenda to destroy civil society in the United States.
The FBI set up the operation in Michigan to give the illusion that domestic threats were attempting to kidnap Governor Gretchen Whitmer, everything about the events were an FBI construct. The same thing with the January 6th events in Washington DC and the pipe bombs. These are domestic FBI operations. Think about the precarious nature of what this type of activity indicates.
The current mission of the FBI appears to be preserving and protecting institutional power by protecting the administration of Joe Biden.
Anyone who continues to push this insufferable and fraudulent “honorable FBI rank and file talking point”, is, at this point in history, willfully and purposefully operating to deceive the American people on behalf of government interests who are intent on destroying us.
It is not a difference of opinion any longer. Personally, I have lost the ability to sit comfortably or intellectually with anyone who pushes or accepts the ‘mistakes are made’ nonsense. The FBI is not making mistakes, they are doing well what is important to them.
To me, it comes down to a simple matter of accepting what is continually staring us in the face.
Additionally, as we watched the outcome of the Michael Sussmann trial, we should never lose sight of the fact that 40 FBI agents were involved in the Mueller-Weissmann probe to investigate the fraudulent construct created by Hillary Clinton and crew. 40 agents? And, according to the outcome of the Sussmann trial, the FBI knew it was all a ruse.
This is why and how the Fourth Branch of U.S. Government is now the superseding apparatus above all other branches. {GO DEEP} This is why and how Barack Obama, John Brennan and Eric Holder created it, cemented it, and made it impervious to any effort to remove it.
Remember when Henry Cuellar was critical of the Biden administration open border policies that were hurting his Texas district? Less than a month after going public with his criticisms, the FBI raids on his home and office began. The same FBI that raided the home of James O’Keefe while coordinating their search with the New York Times.
The Fourth Branch of Government is corrupt; heck, the J6 committee was defending the corrupt FBI, participating with the corrupt FBI, selling a joint J6 operation that involved the FBI. The corrupt media have aligned with the corrupt FBI, and the justice institutions in/around this legal framework are self-aware and fully autonomous.
As the Twitter files show, the DOJ and FBI, through the authority of DHS, now have the ability to monitor every single aspect of every life that might seek to challenge or destroy the corrupt system.
In essence, Skynet -the ultimate end game of political surveillance and targeting outlined by Edward Snowden- has been activated. We the People are the enemy of the state.
Jackboots are very real, and they are wearing FBI logos on their shirts.
Posted originally on the CTH on February 4, 2025 | Sundance
As noted in the visible scale of media panic, Washington DC federal officeholders (many in their pajamas as they work from home) are having fits of apoplexy as the Trump administration bears down on accountability.
As Politico puts it, “Congressional Democrats seem flummoxed by the pace, responding to crises from three news cycles ago while new ones keep arising in real time.” Apparently, things continue to proceed according to plan, the DC system is overwhelmed by the pace of President Trump’s administrative deconstruction.
Former FBI Deputy Director Andrew McCabe appears on CNN to discuss the “utter disarray” as Trump administration officials enter and engage the protected silos from every vulnerable position.
“I’ve talked to more FBI people in the last 4 days than I did in the prior 4 years.” “It is a place in utter disarray right now. People are worried about how am I going to pay the bills? How am I gonna support my family?” “If you get fired, you’re done. That’s the end of your reputation, your ability to get any job, you lose your pay, you lose your chance at a pension, you lose your health insurance.” “This is a moment of terror for these people.” WATCH:
Keep in mind, these are the people who weaponized the NSA database to conduct political surveillance.
The Dept of Justice was weaponized to target their political opposition.
The Federal Bureau of Investigation was weaponized to act as the police investigative units for those targets.
The Dept of Homeland Security was weaponized to control the evidence and information about their political targeting and surveillance.
The IRS was weaponized against Obama’s political opposition.
The Office of the Director of National Intelligence was weaponized to allow the targeting radar to sweep internally against American citizens under the guise of national security and domestic terror threats.
The Central Intelligence Agency was weaponized allowing and permitting their “foreign surveillance” mandate to merge with the DHS internal surveillance mandate, while simultaneously the CIA conducted overseas political operations against the interests of sovereign countries. All of their activity in ideological alignment.
The Defense Department was purged of patriotism, intentionally weakened through diversity equity and inclusion, and then boiled down to a flag corps of general willing to go along with the policy of Obama.
Main Justice through the National Security Division used FARA violations to target anyone who was determined a threat to the fundamental change, and Main Justice began wholesale Lawfare operations against Donald Trump and any entity who would dare align with him.
Hundreds of millions, likely billions, were funneled through the American Recovery and Reinvestment Act, The Green New Deal, The Inflation Reduction Act, and various legislative expenditures to foreign governments; those funds went directly into the bank accounts of Democrat donors and political activist groups.
♦ And that’s just the tip of the iceberg, the part the awakened American public can look into and see for themselves.
Underneath the waterline, there’s the USAID issue where Elon Musk is currently operating with DOGE. Tens of thousands of vested interests, inside and outside of Washington DC, operating to maintain the fundamental change system that President Obama created. However, their defenses are weak and shallow, fraught with vulnerability and the endless need to avoid sunlight.
All of that scheming, rot, corruption and unlawful activity makes them vulnerable. The need for control is a reaction to fear. The ‘fundamental change’ group are fraught with fear. That is why they consider the current political landscape as a zero-sum contest. That’s the source of their panic.
WASHINGTON DC – […] All eyes are now on federal courts, where challenges to these decisions are slowly starting to take shape. Two judges have already blocked the White House from implementing its across-the-board spending freeze. And lawsuits in federal courts are potentially the last vanguard for those hoping to stop Trump’s efforts to remake the federal government.
“Nobody has challenged across the landscape the way this president has,” said Stan Brand, a former top House lawyer and veteran of Washington’s highest-profile legal battles of the past 40 years. “We’ve had fights over [spending authority]. We’ve had fights over inspectors general, even before Trump. We’ve had fights over foreign aid. But this one is deeper and seems more programmatic. All of these will get challenged in some manner.”
Judges are bracing for an onslaught of challenges to the growing list of unprecedented steps taken by a president who seems determined to test the limits of his constitutional authority. The outcome of those cases will, in some ways, define the Trump presidency. But in others, the chaos is part of the design. Trump’s allies say he is making good on his campaign promise to shake up Washington no matter what sticks legally.
“Federal employees around the country are surely feeling Trump’s orders as body blows, as he likely intended,” said Daniel Richman, a lawyer and former adviser to FBI leadership. “But once the immediate shock at his extraordinary power claims wears off, I doubt they will all be cowed. Rather, they will be the source of litigation that all but the most die-hard Trumpist judges will take seriously.”
[…] Thousands more terminations at the FBI of employees who played a role in Jan. 6 criminal cases may be imminent, even as pockets of resistance begin to emerge. A group of national security lawyers and allies have offered free legal assistance to FBI officials targeted by the new leadership based on their role in Jan. 6 cases, and lawsuits to prevent wholesale terminations could be imminent.
Many of Washington’s legal veterans say they’re most alarmed and perplexed by Musk and his amorphous role in efforts to make massive, abrupt and ill-explained changes to the operations of the federal government. He routinely uses his social media platform, X, to characterize some government-funded programs as “criminal” and relished, for example, putting USAID — the agency responsible for administering international aid programs — through a “wood chipper.” Those claims of illegality have been coupled with a chorus of Trump’s MAGA allies characterizing the agency as a hotbed of progressive causes, suggesting the agency drew Trump allies’ ire for political reasons.
Musk has sent a team of allies to take control of computer systems at Treasury and in the Office of Personnel Management, which are responsible for delivering appropriated funds and overseeing the entire federal workforce. It’s unclear what responsibilities they have. Amid reports some of those incursions have been met with pushback, Washington, D.C.’s interim U.S. Attorney Ed Martin — a conservative culture warrior who was a prominent conspiracy theorist about the Jan.6 attack — offered to use his office to protect Musk’s efforts.
Martin suggested that “threats, confrontations or other actions in any way that impact their work may break numerous laws.” Martin ended his letter to Musk — which Musk quickly acknowledged — by warning Musk to be wary of subversive elements in government. (read more)
We are officially at this part of the movie…. You can feel it.
Posted originally on Jan 31, 2025 by Martin Armstrong
The Trump Administration rescinded the freeze on federal programs, vowing to eliminate woke agencies in the coming weeks. The Democrats have become outraged over the president’s numerous, swift measures to undo the damage caused under Biden. The left believes in democracy when it suits them. The Dems lost control of both chambers of Congress and have been backed into a corner that they are prepared to fight their way out of.
House Democrats held a virtual meeting this week due to the “emergency” caused by Trump’s federal freeze. House Minority Leader Hakeem Jeffries (D-N.Y.) has urged his party to take their fight to the streets, according to those who were on the call. “I don’t want to speak for the leader,” Rep. Gerry Connolly (D-Va.) said afterward, “but it was a broad call for action — and a vigorous one.”
Rep. Jared Huffman (D-Calif.) tacked on to the call for violence. “House Democrats are now fully engaged. The bell has rung. I think we see this for the constitutional test that it is, and we’re going to be aggressively pushing back,” he stated. “Leader Jeffries described it as a legal fight, a legislative fight and a street fight. And I couldn’t put it better.”
They understand that they will be met with challenges in both the House and Senate as Republicans have the majority. The people voted red because they want to revert to conservative policies. The Democrats only care about maintaining power. Huffman said that they plan to “use whatever bully pulpits we have to awaken the American people to what’s going on here.”
“Awakening the American people” has been done through carefully orchestrated propaganda pushed forth by legacy media. They have achieved it through orchestrated civil unrest, as we have seen the likes of billionaire George Soros and his zealot son Alex push forward. The Open Society Foundations have publicly promoted civil unrest and paid people to “take the fight to the streets,” as the Democrats are not encouraging. They attempted to become the rulers of information, labeling anything against the agenda as dangerous misinformation that needed to be silenced. The lies, Russian collusion, Steel Dossier, Agenda 2025 – the majority never bought into these lies. Trump experienced countless assassination attempts after the left’s incessant villainizationof Trump. They vowed to tone down the violent rhetoric, but that was prior to losing the election.
Any Republican would have been immediately taken down if they attempted to incite violence or called for political action by any means possible. Taking the fight to the streets sounds like an insurrection of sorts, and at the very least, a complete abandonment of the US democratic process that these legislatures have sworn to uphold. The propaganda and rioting failed but these types never learn. The American people voted the Democrats out of power, but they will not accept defeat or the wishes of the public.
Posted originally on Jan 30, 2025 by Martin Armstrong |
Total global debt has peaked to 326% of global GDP, adding an additional $12 trillion of debt in the last three quarters of 2024, according to the Institute of International Finance. This figure surpasses what we saw amid the pandemic and is expected to continually rise and governments continue to borrow with no intention of repayment.
The Big Bang of the sovereign debt crisis began in 2015.75, as indicated by the computers, around the introduction of negative rates and Quotative Easing, which shifted the risk from the free market to the central banks. The 2015.75 date was also 26 years from the first break in Marxism in 1989. The bottom of the ECM from 2015.75 to 2020.05 was also 31.4 years from the start of the fall of communism that culminated in the final stages of the collapse of socialism. I repeatedly warned that our models indicated the banks would become trapped by these policies and now we have a completely unsustainable situation.
If interest rates rise, their portfolios crash in value (price). Such an outcome would raise the question of will the private sector return to the government bond markets when they see there is a rising risk factor? Our model showed that this would not be the case. In other words, the Sovereign Debt Crisis has taken place and to prevent the PRICE crash, the central banks became the buyer to hold interest rates down and bond prices up. We have seen governments and institutions offload bonds and government debt since the Big Bang.
Emerging markets have reached 245% of GDP in debt, totaling $105 trillion. Poor nations are now spending more on their debt than infrastructure, health care, or education. These nations cannot afford to simply not repay and multilateral development banks have turned into lenders of last resort.
ALL government debt is in serious trouble because they just never fund a damn thing. The solution is to always borrow and there is no plan to ever pay anything back. The behind the curtain reasoning is they are burning money for fuel because they are always reducing the value of prior debt that is never indexed to inflation.
We have seen larger economies begin the snowball effect of borrowing after World War II and the repercussions are now arising. Now we have a serious crisis that has shifted from the free trading bond markets exclusively to the central banks. This is part of the crisis unfolding in the repo market. There does not appear to be any recovery on the horizon. Politicians are undermining the confidence in government, to begin with, and that will influence bond buyers.
The astounding debt crisis has fanned the flames of war as initiating a global conflict is a way, politicians believe, to continue delaying debt payments. The majority of nations are simply too far gone in debt to ever properly repay. Who would buy if there is no guaranteed return?
Total global government debt is now $98,000,000,000,000 ($98 trillion) and is forecast to reach $130 trillion by 2028, which is also when the computer has predicted that the world will feel the aftershocks of a global recession.
Total global debt has peaked to 326% of global GDP, adding an additional $12 trillion of debt in the last three quarters of 2024, according to the Institute of International Finance. This figure surpasses what we saw amid the pandemic and is expected to continually rise and governments continue to borrow with no intention of repayment.
The Big Bang of the sovereign debt crisis began in 2015.75, as indicated by the computers, around the introduction of negative rates and Quotative Easing, which shifted the risk from the free market to the central banks. The 2015.75 date was also 26 years from the first break in Marxism in 1989. The bottom of the ECM from 2015.75 to 2020.05 was also 31.4 years from the start of the fall of communism that culminated in the final stages of the collapse of socialism. I repeatedly warned that our models indicated the banks would become trapped by these policies and now we have a completely unsustainable situation.
If interest rates rise, their portfolios crash in value (price). Such an outcome would raise the question of will the private sector return to the government bond markets when they see there is a rising risk factor? Our model showed that this would not be the case. In other words, the Sovereign Debt Crisis has taken place and to prevent the PRICE crash, the central banks became the buyer to hold interest rates down and bond prices up. We have seen governments and institutions offload bonds and government debt since the Big Bang.
Emerging markets have reached 245% of GDP in debt, totaling $105 trillion. Poor nations are now spending more on their debt than infrastructure, health care, or education. These nations cannot afford to simply not repay and multilateral development banks have turned into lenders of last resort.
ALL government debt is in serious trouble because they just never fund a damn thing. The solution is to always borrow and there is no plan to ever pay anything back. The behind the curtain reasoning is they are burning money for fuel because they are always reducing the value of prior debt that is never indexed to inflation.
We have seen larger economies begin the snowball effect of borrowing after World War II and the repercussions are now arising. Now we have a serious crisis that has shifted from the free trading bond markets exclusively to the central banks. This is part of the crisis unfolding in the repo market. There does not appear to be any recovery on the horizon. Politicians are undermining the confidence in government, to begin with, and that will influence bond buyers.
The astounding debt crisis has fanned the flames of war as initiating a global conflict is a way, politicians believe, to continue delaying debt payments. The majority of nations are simply too far gone in debt to ever properly repay. Who would buy if there is no guaranteed return?
Total global government debt is now $98,000,000,000,000 ($98 trillion) and is forecast to reach $130 trillion by 2028, which is also when the computer has predicted that the world will feel the aftershocks of a global recession.
Posted originally on Jan 30, 2025 by Martin Armstrong
President Donald Trump implemented a widespread freeze on federal loans and grants, ordering all agencies this week to “temporarily pause all activities related to obligation or disbursement of all Federal financial assistance.” He was forced to back off after a federal judge halted some of the freeze. The public sector has been multiplying in recent years to the point that there are thousands of agencies whose true purpose are unknown. While many view the act as extreme, public sector growth has become detrimental to our economy and one must determine what exactly the government is funding.
As Adam Smith wrote in “Wealth of Nations”:
“Like an improvident spendthrift, whose pressing occasions will not allow him to wait for the regular payment of his revenue, the state is in the constant practice of borrowing of its own factors and agents, and of paying interest for the use of its own money.”
The wealth of a nation is composed of more than money or gold, for the original idea of “money” did not embrace the concept of true wealth. Money is merely our mental measure of wealth. Cultures in different parts of the world all conceive of money but it is merely how they measure this universal concept of wealth.
There is only one constant and that is the greater the size of government, the lower the production of national wealth. Therefore, the higher the percentage of a nation’s work force is employed by the public sector, the lower its real national product. We saw this in Argentina as of late. Of course, government wishes to include itself in the GDP calculation and it counts government workers twice in many countries. It adds total government spending and adds that to total personal income. By doing this they count all government employees twice for they do not back it out of the total government spending. So we have bogus statistics in GDP as well for the economy appears better when government hires rather than the public sector. That is why we will see unemployment rise under Trump but in all actuality that figure will not be indicative of the overall health of our economy.
Now, Trump specifically is asking for more information on 2,600 programs to determine their legitimacy. Biden implemented a slew of DEI iniatives and programs that do nothing but TAKE from our economy. The Office of Management and Budget (OMB) sent the aforementioned companies the following questions:
Does this program provide funding that is implicated by the directive to end discriminatory programs, including illegal DEI and “diversity, equity, inclusion, and accessibility” (DEIA) mandates, policies, programs, preferences, and activities, under whatever name they appear, or other directives in the same EO, including those related to “environmental justice” programs or “equity-related” grants?
Does this program promote gender ideology?
Does this program promote or support in any way abortion or other related activities identified in the Hyde Amendment?
“It means no more funding for the green new scam that has cost American taxpayers tens of billions of dollars,” White House press secretary Karoline Leavitt said Tuesday at her first news briefing. “It means no more funding for transgenderism and wokeness across our federal bureaucracy and agencies.” The new press secretary, who actually responds to questions, said it is “the responsibility of this president and this administration to be good stewards of taxpayer dollars.” Welfare aid programs are not vanishing, rather, the government is reevaluating its spending to best direct dollars.
Organizations promoting woke gender ideology, DEI, and the green new deal will be the first to go but a significant cut is needed to restore some order. The fear mongering about Trump eliminating Medicaid and food assistance programs are unfounded. The new administration must determine what agencies are legitimate and eliminating services that do not add to our society in any meaningful way is the first step.
Argentina is an excellent example of how quickly an economy can recover when we remove socialistic programs. There were 341,477 people in the public sector on government payroll when President Milei took office, and his aim is to eliminate 70,000 needless positions. From December 2023 to October 2024, Argentina reduced the national administration was reduced by 10% and state-run firms decreased by 12.6%. Reducing the national administration alone saved the government $3.82 billion in the short-term, not accounting for future payouts, additional staffing, or pensions. Yet he began by eliminating services that were simply unnecessary.
Milei first eliminated useless agencies such as the Ministry of Culture, Ministry of Health, Ministry of Labor, and Ministry of Social Development. In his words, Argentina WAS a poor country that could not afford these departments that do absolutely nothing to improve the nation’s economic conditions. No one noticed when he reduced the cabinet by 50%, but the economy certainly took note and posted its first budget surplus in 123 years this December.
“The deficit was the root of all our evils — without it, there’s no debt, no emission, no inflation. Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years. This historic achievement came from the greatest adjustment in history and reducing monetary emission to zero. A year ago, a degenerate printed 13% of GDP to win an election, fueling inflation. Today, monetary emission is a thing of the past,” Milei proudly announced.
Yes, other factors contributed to Argentina’s recent success, but moving away from socialism and ever-growing social programs was paramount. Socialism NEVER works but world leaders refuse to learn from the past.
Under Biden, we saw manufacturing flee the US. The jobs reports often looked promising but they failed to recognize the rising public sector that can never contribute to GDP. We have seen what happens when governments grow to disproportionate figures and it never ends well. The longest reigning empire, the Roman Empire, fell as a direct result of an oversized public sector that bankrupted Rome. The private sector produces economic growth, while government is a public servant consuming the wealth generated by others.
The Deep State is more than a swamp; it is an ocean. It is so deeply rooted that I wish Trump all the best, but I am not sure he will be able to root out the core corruption. That will probably take a sovereign default, and history warns that a revolution will often follow. This time, the government is entrenched in bribing the people to retain power, giving them free food and circuses, and they will be the government alone, as they used to say in Rome.
Posted originally on the CTH on January 29, 2025 | Sundance
Former vice-presidential running mate to Robert F Kennedy Jr, Nicole Shanahan, has released a video threatening to personally fund primary challengers for those Senators who do not support the nomination of Robert F Kennedy Jr.
Saying, “Bobby may place nice, I won’t” Ms. Shanahan is vowing to target Senators, many of them she funded, if they cower to Big Pharma and Big Agriculture. Additionally, Shanahan provided a list of key Senators and their contact details for a public pressure campaign. Robert F Kennedy’s first confirmation hearing is scheduled for Wednesday at 10:00am EST.
Senator Mitch McConnell (R) Call: 202-224-2541 Senator Lindsey Graham (R) Call: 202-224-5972 Senator Lisa Murkowski (R) Call: 202-224-6665 Senator Susan Collins (R) Call: 202-224-2523 Senator Bill Cassidy (R) Call: 202-224-5824 Senator Thom Tillis (R) Call: 202-224-6342 Senator James Lankford (R) Call: 202-224-5754 Senator Cory Booker (D) Call: 202-224-3224 Senator John Fetterman (D) Call: 202-224-4254 Senator Bernie Sanders (D) Call: 202-224-5141 Senator Cortez-Masto (D) Call: 202-224-3542 Senator Raphael Warnock (D) Call: 202-224-3643 Senator Jon Ossoff (D) Call: 202-224-3521
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