US Budget Deficit Third-Highest on Record


Posted originally on Oct 23, 2024 By Martin Armstrong 

Decline Fall of USA

The United States Treasury reported a $1.833 trillion budget deficit for the fiscal year ending September 30. This marks the third-highest deficit on record, but it is solely due to government spending. The highest deficit happened in 2020 during the disaster of COVID, and second behind is the clean-up year of 2021 when the deficit dropped to $2.772 trillion. Bidenomics is nearly as harmful as global one-in-a-lifetime disaster.

The deficit widened 8% or $138 billion from the reported $1.695 trillion in 2023. The department stated that a large chunk of spending went to the reversed decision to forgive $330 billion in student loans after the Supreme Court declared Biden’s attempted bribe to young voters unconstitutional. Democrats are now blaming Republicans for “tax cuts that led to low revenue levels that increased the debt.” Their spending is always our cross to carry, and we will inevitably be punished through taxation.

The government is to blame on both sides. We are funding three major wars yet claim we are not a nation at war. America spends as if it has endless money. Why? Because the US Treasury knows it can never pay off all its debt. It doesn’t intend to pay it off and it is highly likely they let the reigns loose long ago since the actual number matters not. Now we are being crippled by the interest alone on these debts. There was a 30% annual increase in spending on interest alone on the public debt. The government spent $890 billion on interest alone. For reference, the US defense budget was $866 billion last year. Interest rates rise in times of war, sinking the nation further into debt. Again, this is not isolated to America as we will see defaults cripple both nations in Asia and Europe before reaching American soil, hence the capital movement into US equities.

Biden Blames Trump for his $1.8 Trillion Deficit – What Propaganda


Posted originally on Oct 22, 2024 By Martin Armstrong 

White_House_defends_economic_record_after_Biden_blows_1.8_trillion_hole_in_budg

I am sick and tired of all the constant lies. The Biden Administration blames Trump for its $1.8 trillion deficit. The interest expenditures will be about $1 trillion alone. Now, if you just accept that at face value, you are part of the problem when the United States will crash and burn. This makes it sound like tax revenues have declined. In 2020, the last year of Trump’s presidency, the total tax revenues collected were $3.42 trillion. In 2023, the revenues taken in from taxes was $4.4 trillion. And the U.S. government now estimates its total revenue will be $5.49 trillion for fiscal year 2025.

Forbes Top 10 Richest

If we confiscate 100% of the top 10 wealthiest people, according to Forbes, we would get $1.5 trillion, but that still will not eliminate the deficit. It would destroy all of those companies, create huge unemployment, and wipe out our countless pension funds, But hey. They are the problem, and they are never the politicians who are off to rob others and hand it to you for your vote.

US Budge to Ukraine
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Since the war with Russia began in February 2022 during Biden’s Administration, he has pushed for a total of $175 billion. Interestingly, $106 billion directly aids the government of Ukraine, while the balance funds “various” U.S. activities associated with the war in Ukraine, namely overthrowing the Russian government and surrounding countries. This is never documented or fully explained.  Thus, Ukraine accounts for about 10% of Biden’s deficit.

TAX CYC

But hey! This is all Trump’s fault for not raising taxes back to 94% as they were for World War II, 91% for Korea, and 70% for Vietnam. If we look at the accumulative interest expenditures and war, about 70% of the national debt has been for playing policeman of the world. This has NEVER benefited the people.

Tax Defining Rich

They always say to tax the rich. As I said, if you take ALL the assets of the top 10 billionaires, you would NOT eliminate this $1.8 trillion deficit. But that is just the tip of the iceberg. They changed the definition of who the rich are. Before World War II, the definition of the rich was $5 million, while a Cadillac was $600.  The began to raise it to $250,000 a year, but then it was clarified as “household” income. So, if you and your wife combined were at $250,000, you were that horrible, evil, greedy rich person they need to shake upside down to get every penny in your pocket.

US Top Tax 1980 2016
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Once upon a time, it was theorized that if the government borrowed, it would be less inflationary than printing. But those days are gone. That is when it was illegal to borrow against government debt. Today, debt is just money that pays interest the same as it was during the American Civil War.

186320 5 Interest
US Total Int as Debt

If we add each year the total interest expenditures, you will see that generally, about 70% of the national debt is based on just interest, as we will reach $1 trillion this year. Guess what? China holds about 10% of the US national debt, so interest is going to China, but it does not stimulate the US domestic economy. We should stop borrowing, for it would be cheaper and less inflationary if we just printed to cover the deficit rather than borrow. Then, capital will lend to the private sector, and we will see a huge economic boom. Things have changed in economics – it is about time we recognize Keynesian Economics has failed.

American Freedom Alliance Conference – October 19, 2024


Posted originally on Rumble By Bannons War Room on: Oct 20, 2024 at 7:30 pm EST

It Looks Like There are Modern-Day Dr. Strangelove Infiltrating Governments & Media Pushing War


Posted originally on Oct 20, 2024 By Martin Armstrong 

Are Governments Planning on Nuclear War to Reduce Population for Climate Change?


Posted originally on Oct 18, 2024 By Martin Armstrong 

NYT Biden_Approved_Secret_Nuclear_Weapons_Strategy

QUESTION: Marty, I know you have been trying to reduce the amplitude of your computer’s forecast for war. You probably deserve the Nobel Peace Prize. They gave it to Obama for trying to invade Syria. It appears that the military establishment does read you. Biden directed them to prepare for nuclear war with China, Russia, and North Korea last March, according to the New York Times. This confirms that there is a risk, and they know it but keep pushing for war with Russia anyway. Is this all because of the debt crisis? They seem to be complete idiots.

Please comment on this latest info.

JJ

Reagan in quest of peace
Mikhail Gorbachev and Maagie Thatcher

ANSWER: I do not understand why this crop of leaders around the world in the West are all promoting war as if this can even be won. Look, thirty years ago, everyone wanted world peace – including every Miss America. Today, I would not be surprised if Miss America stood up and said she wanted to see World War III. These are two items from my political collection of memorabilia. I agree with you that it just seems as if they are planning on hiding in their bunkers and are planning on reducing the population all for climate change.

Biden Secon Term

Did we get enough of them?

Hiroshima_Google_Maps
Nagasaki Japan
Nuclear Bomb

This illustration shows the radius of a 100-megatonne nuclear bomb dropped on New York City. Nuclear War will not destroy the planet. Look at Japan. Both Hiroshima and Nagasaki have proven that the “science” claimed that those cities would be uninhabitable for a thousand years after a nuclear war was wrong. Their populations doubled in 20 years after being nuked? Hiroshima now has nine times its 1945 population.

The GOOD NEWS is you can then just nuke your opponent and actually save the planet is their twisted view of nuclear war. Without electricity, your opponent could not even make a phone call to launch a response. But if we look at Chornobyl, the nuclear disaster restored the region, which became a sanctuary for animals void of humans, in Ukraine.

Bikini Atoll Test 1024x545

Bikini Atoll, 70 years after nuclear tests, is thriving. On July 24, 1946, the Baker Test shrouded its formidable height over the U.S. Navy’s test fleet. The United States dropped 23 nuclear bombs on the island, including a device in 1954 that was 1,100 times larger than the Hiroshima atom bomb. Now, a team of scientists from Stanford University has been stunned. They discovered an abundance of marine life apparently thriving in the crater of Bikini Atoll, which was declared a nuclear wasteland after the bombings.

Strangely enough, the same has been found at Chornobyl in Ukraine. It is starting to emerge that even setting off every nuclear bomb will not destroy the planet or turn Earth into space rocks. We can alter our environment by doing so and ridding the planet of humanity as the dominant species. Still, Earth will heal itself, and life will adapt exactly as scientists have discovered in Ukraine at the site of Chornobyl. Wildlife has thrived because it sent humans running.

This new evidence emerging from Chornobyl and Bikini Atoll demonstrates that we may not be as smart as we think, no less all-powerful. Those pushing for World War III see themselves far smarter than we are. They are really trying to save the planet from us – or that’s what they are whispering in the dark bowel of government. Exterminate humanity, and we can save the bugs and crickets from becoming our next food source.

Interestingly, the US has been buying medicine for radiation poisoning. They know what they are doing and could care less how many civilians are wiped out. Their view is that the population needs to be reduced anyhow.

Septimus Severus 193 211AD AE8 Assaria os Apameis Phrygia Story of Noah

Perhaps they have a Noah Complex and assume that they will survive in their bunkers after depopulating the world and emerging to a fresh, revitalized planet. What they are taking the world into is a very serious change, and these people no longer represent us by any shape of the imagination.

They have been buying Amgen’s Radiation Medicine and will only hand them out to their supporters. However, you can ask your doctor for a prescription, perhaps. Amgen’s sales of Nplate have scored 66%. The US Department of Health and Human Services downplayed the severity of the risk of Nuclear War. It said this is part of its “long-standing, ongoing efforts by the Administration for Strategic Preparedness and Response to better prepare the U.S. for the potential health impacts of a wide range of threats to national security.”

Medvedev Says US Will Be in Civil War After Election


Posted originally on Oct 18, 2024 By Martin Armstrong

Russia US in Civil War 2024 10 14_08 53 32

COMMENT: Well sir; it look like Russia reads you.

WK

REPLY: We keep this as an open forum so everyone can read it. We are not even blocked in Russia or China because we remain independent and just follow the facts. But let’s get real. When you have President Biden saying he would never talk with Trump, this is illustrating the hostile atmosphere in the USA and for that, MedveDev does not have to read this blog. It is everywhere. The Democratic Convention was a hate fest throwing Trump’s name around 289 times. You are inspiring the weak minded to engage in massive civil unrest. The US is so divided, it cannot possible stand. We will see serious unrest either way post-election. I do not think that is a view that in today’s environment is unique to this site.

Jeff Clark Breaks Down The Ethical Violation Involving Liz Cheney And Cassidy Hutchinson


Posted originally on Rumble By Bannons War Room on: Oct 16, 2024 at 7:00 am EST

Natalie Winters BLASTS Liz Cheney For Her Ethical Violation With J6 Witness


Posted originally on Rumble By Bannons War Room on: Oct 16, 2024 at 7:00 am EST

Natalie Winters BLASTS Mark Milley: “I’m Not Sure You Were On The Side Of The USA To Begin With”


Posted originally on Rumble By Bannons War Room on: Oct 14, 2024 at 6:00 am EST

3rd Attempt to Kill Trump?


Posted originally on Oct 13, 2024 By Martin Armstrong 

Miller Vern

US sheriff of Riverside California County Chad Bianco said they ‘probably prevented’ an alleged third Trump assassination attempt. This suspect faces firearms charges but denies he tried to harm former US president and Republican candidate. Nevertheless, this appears to be just a copy-cat rather than a planned assassination by dark forces.

The man, identified as 49-year-old Nevada resident Vem Miller, was taken into custody without incident, the sheriff’s office said in a statement earlier in the day. He had unregistered loaded firearms and multiple passports with different names, an unregistered vehicle with a fake license plate.

This guy may not be connected to the cabal. Nevertheless, Trump is certainly not our of the woods as they say. This illustrates why the United State will break up. All of the hatred hurled at Trump has undermined the entire political system and the LEFT has ensured that the United States will not be able to remain united.