Tag Archives: Money laundering

Jul 16 2025

Judge Rules Medical Debt Must Appear on Credit Reports


Posted originally on Jul 16, 2025 by Martin Armstrong 

Debt Burden

The Consumer Financial Protection Bureau (CFPB) may no longer remove medical debt from credit scores, a federal judge has ruled. This is yet another example of political cycles dictating economic policy, as the Trump-era judge dismissed the Biden-appointed mandate. Today, regulators expand; tomorrow, courts shrink. Millions of Americans will be affected by this ruling.

The Biden Administration was not attempting to wipe out medical debt; rather, the ruling would have changed how medical debt impacted credit scores. U.S. District Judge Sean Jordan, a Trump appointee, argued that the Fair Credit Reporting Act does not permit the CFPB to decide what debt it will and will not report.

Consumer advocates see this as punishment for those who fall ill to no fault of their own. The credit industry believes that payment is due when it is due. The medical industry would likely demand upfront payments, which has become a more common practice. None of this addresses the root cause—healthcare costs are obscene in the United States. Yet, lobbyists continue to line the pockets of politicians, and meaningful change never occurs despite politicians on both sides acknowledging the growing problem.

Currently, one in 12 adults living in the United States has medical debt exceeding $250. Over 14 million Americans, 6% of all adults, owe $1,000, while 3 million people, or 1% of the adult population, have medical debt exceeding $10,000. Medical debt is the leading cause of bankruptcies in America. As of late 2024, Americans were collectively behind on $220 billion worth of medical debt. Around 66.5% of all bankruptcy filings are a direct result of medical bills, affecting over 550,000 Americans annually.

The stop‑start volatility undermines both consumer confidence and market stability. The law is subject to change with each regime change, and the people are unprepared for the rug pull that happens with each new administration. The root of this issue has been entirely ignored and will contribute to the consumer debt crisis facing the nation, which spills into the overall economic growth of the nation.

Ca

Jul 16 2025

US Inflation Rises in June


Posted originally on Jul 16, 2025 by Martin Armstrong 

Inflation up

Core inflation’s mild “only” 2.9% annualized rise is not cause for relief. Government agencies, central banks, and regulators all react to data. The Fed, having held rates steady since May, will now sit on its hands until reports confirm if inflation gets a firm grip. Jerome Powell has come out once more to state that the FOMC would have lowered rates if not for Trump’s tariffs. Trump is in opposition with the Fed as fiscal policy blames monetary policy, and no one opens their eyes to see the underlying problem.

A massive systemic risk looms on the horizon as consumer stress intensifies. Medical services, shelter, apparel, food, and everything else have been significantly more expensive since the pandemic, although the trend began five years ahead of COVID. These structural moving parts are more than mere statistics, as they are a sign of social stability and confidence.

Core inflation rose 0.2% for the month, representing a 2.9% annualized increase. The consumer price index rose by 0.3% in June, bringing the 12-month inflation rate to 2.7%.

I’ve repeatedly warned that the inflationary trend, which has become stagflation, would be blamed on Trump’s policy. “In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said at the European Central Bank forum in Sintra, Portugal.

I’ve said it once, and I will say it again– Prices have simply not returned to what they once were before the global economy came to a standstill during COVID. Every nation has been affected. The lockdowns and supply chain cracks were exacerbated by a massive increase of government spending. Then the government doubled down on green policies, causing energy prices to rise, and lit the situation ablaze amid the Ukraine war and Russian sanctions. The world was already amid a sovereign debt crisis before COVID, and in fact, the Economic Confidence Model clearly stated that the landscape would permanently change after the Big Bang target of October 1, 2015 (2015.75)—the peak in government confidence.

The Council of Economic Advisers (CEA) has even issued a report that found PCE consistent across core goods, excluding energy, over the past three years. The CEA found “no clear break” in trend despite the headlines. Inflation has been above target for years and the Fed simply cannot control the trend.

Expect a cautious Fed. And expect politicians to blame their opponents, as always, rather than seeking the actual cause. Those politicians merely turn to academics who do not understand how the economy functions at its core and rely on outdated concepts that do not reflect the current landscape. The real culprit is cyclical history repeating itself—trade policy swings, inflationary follow-through, central bank reaction, and then economic slowdown.

Socrates is already flagging this cycle rising. And in 2026, we’ll look back and see that June 2025 was merely the early tremor of a system-wide shift.

Jul 15 2025

Parents Demand Justice Alliance Seeks Executive Order Protecting Parental Involvement In Education, Sam Sorbo Reports


Posted originally on Rumble By Bannon’s War Room on: July 14, 2025, at 8:00 pm EST

Jul 15 2025

Auto Pen Scandal – Did Biden’s Aides Grant Pardons?


Posted originally on Jul 15, 2025 by Martin Armstrong 

Presidential Pardon

“I approve the use of the autopen for the execution of all of the following pardons,” an aide for former President Joe Biden wrote in an email pardoning Dr Anthony Fauci and members of the January 6 Committee. The National Archives has turned over tens of thousands of emails from the Joe Biden Administration to the Justice Department from November 2024 to January 2025 as the autopen investigation continues.

The majority of the emails in question contain keywords like “pardon,” “clemency,” and “commutation.” Biden’s staff claims that the former president vocalized his clemency decisions before Staff Secretary Stefanie Feldman approved them via autopen. Joe Biden’s final debate with Donald Trump occurred during this timeframe, leading the DNC to remove him from the race entirely as Biden was visibly showing signs of cognitive decline. “I’ve uncovered, you know, the human mind,” Trump said as reported by the New York Times. “I was in a debate with the human mind, and I didn’t think he knew what the hell he was doing.”

Biden claimed during his first interview last Thursday that he permitted 25 high-profile pardons through the use of an autopen from December 2024 to January 2025. The use of an autopen was allegedly necessary since there were too many people to pardon and the president simply could not allocate time for such crucial decisions. At this time, the DOJ is uncertain whether Joe Biden actually knew who his staff pardoned with his signature.

Biden pardon Fauci

“At the Jan. 19 meeting, which took place in the Yellow Oval Room of the White House residence, Mr. Biden kept his aides until nearly 10 p.m. to talk through such decisions, according to people familiar with the matter,” the NYT wrote. “The emails show that an aide to Mr. Siskel sent a draft summary of Mr. Biden’s decisions at that meeting to an assistant to Mr. Zients, copying Mr. Siskel, at 10:03 p.m. The assistant forwarded it to Mr. Reed and Mr. Zients, asking for their approval, and then sent a final version to Ms. Feldman — copying many meeting participants and aides — at 10:28 p.m,” the reporting continues. “Three minutes later, Mr. Zients hit ‘reply all’ and wrote, ‘I approve the use of the autopen for the execution of all of the following pardons,’” the NYT concludes.

Biden pardoned or reduced the sentences for over 4,000 people, allegedly. “Mr. Biden did not individually approve each name for the categorical pardons that applied to large numbers of people, he and aides confirmed,” the NYT wrote. Instead, he simply provided a rough criterion for his aids to determine who qualified for a reduced sentence. This stands in contrast with Biden’s claims that he “consciously made all those decisions.” Unelected aides do not have the authority to reduce sentences or issue pre-emptive pardons. Biden’s aides have lawyered up, but there is no unified legal strategy, as Congress plans to issue additional subpoenas as the investigation continues.

The only pardon that Biden personally signed was for his son, Hunter. It is still unclear why people such as Hunter Biden and Anthony Fauci were pre-emptively pardoned if no crimes were committed. Again, only the president has the authority to determine who can be pardoned. Using an auto pen is standard procedure for presidents; however, the issues here are 1) did Joe Biden himself directly make these decisions, and 2) was Joe Biden mentally competent to understand the nature of these decisions?

Jul 14 2025

We Are At the Beginning of a Left-Wing insurrection: Charlie Calls For Perp Walks and Indictments


Posted originally on Rumble By Charlie Kirk show on: July 12, 2025 at 2:00 pm EST

Jul 14 2025

“Stop Sending Us Useless Representatives!”


Posted originally on Rumble on Bright Bart News Network on: July 13, at 1:00 pm EST

Jul 14 2025

Will Mass Deporation Harm US GDP?


Posted Jul 14, 2025 by Martin Armstrong 

GDP 3

The Federal Reserve Bank of Dallas believes that mass deportation efforts will negatively impact US GDP. Projections speculate that GDP could decline by nearly a percentage point in 2025, followed by larger cuts in the coming years.

GOVERNMENT SPENDING IS FACTORED INTO GDP.

I have repeatedly warned that Donald Trump would be blamed for the stagflation we are experiencing, when in reality his policies could not have impacted a cycle that was already in motion.

The study used a baseline scenario where 2.4 unauthorized migrants were deported in 2025, leading to a 0.8% drop in GDP for 2025. In a scenario where 1 million migrants are deported annually through 2027, the study believes GDP could decline by 0.9% in 2025 and 1.5 percentage points by 2027.

The study states that the labor force will contract as a result of closed borders, which is not a reflection of reality, as Americans are filling the roles once taken by non-foreign-born workers.

The problem is the brain-dead method used to calculate GDP. Government spending happens to be one of the main components of GDP. Cutting the public sector, for example, cut into GDP as even the salaries of government employees are factored into calculations.

GDP=C+I+G+(X−M)

  • C is consumer spending,
  • I is business investment,
  • G is government spending on goods and services,
  • X is exports,
  • M is imports

An untold fortune has been spent on open border policies. New York City alone believes migrant-related costs will reach $12 billion by mid-2025. The House Budget Committee stated in a 2024 report that American taxpayers were forced to pay at least $150.7 billion on “President Biden’s open border policies,” but that is a low estimate.

The American people are forced into increased taxation as a result of these policies. GDP calculations are a disaster and too warped to reveal the true health of the economy. Stagflation was inevitable, but the academics will continue to blame Trump-era policies that have had absolutely zero impact on the ongoing cycle.

Jul 14 2025

New Report Finds Tariffs not to Blame for Inflation


Posted originally on Jul 14, 2025 by Martin Armstrong 

Trump tariff

The Council of Economic Advisers (CEA) issued a new report that found tariffs are not to blame for inflation. In fact, the cost of imported goods has fallen this past year to a lower level than that of overall goods.

“CEA’s directional findings using this method of analyzing the PCE are consistent across core goods (excluding food and energy), durables (which last for at least three years), and nondurables,” the report reads. “The import contribution to inflation includes both the direct impact of imported final goods for consumption and indirect effects of imported intermediate inputs.”

Imported goods fell by 0.8% while the price of overall goods remained stagnant. The PCE index rose 0.4% from December to May or a 1% annualized rate, according to the CEA’s findings. Yet, the imported portion of PCE fell by 0.1% during the same period.

“The results clearly show the price of imported components declining, starting in March, while overall prices were close to unchanged or increased slightly,” the report reads. “Cumulatively, overall PCE prices have increased by about 1.1% since December compared to about 0.2% for PCE import prices. However, those values include pricing for services, which tend to have lower import intensity, so the divergence could be due to stickier services prices.”

The agency concluded “there is no clear trend break” this year in prices, despite the headlines claiming tariffs are the reason inflation remains above target.

Jul 13 2025

BREAKING: Kash Patel Considering Resigning If Dan Bongino Leaves


Posted originally on Rumble By Bannon’s War Room on: July 12, 2025, at 1:00 pm EST

Jul 13 2025

Ep 3683b-D’s Took The Epstein Bait, Comey, Brennan, Multiple Agencies Investigating, It’s All Connected


Posted originally on Rumble By X 22 Report on: July 9, 2025 at 6:15 pm EST