Student Loan Forgiveness Promise Backfires


Armstrong Economics Blog/Education Re-Posted Jun 21, 2023 by Martin Armstrong

The student loan forgiveness plan backfired plain and simple. Payments were frozen three years ago in March 2020 under the CARES Act when countless people were out of work and the program made sense. Then Biden campaigned on a promise to eliminate a portion of that debt with no real plan in place. One must wonder if he thought his lofty promise to buy votes was even a possibility. The Education Department announced that debtors must resume payments by October, and interest on those loans will resume in September. This will affect 44 million Americans. The country is dependent on consumer spending for a third of GDP, and the average American’s disposable income is dwindling amid the overall increased cost of living and taxation to fund reckless government spending. The one-issue voters who backed the Dems for this reason may want to reconsider their choice come November.

The National Bureau of Economic Research (NBER) conducted a study that found the promise of forgiving debts actually created a worse financial situation for many Americans. Household leverage rose 3% during this pause as borrowers increased their private debts. “Comparing borrowers whose loans were frozen with borrowers whose loans were not frozen due to differences in whether the government owned the loans, we show that borrowers used the new liquidity to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies,” the study found. So the study found that these people were more likely to accumulate credit card debt, which is at an all-time high. They also found that these individuals were more likely to direct the funds for mortgages and auto loans, which may be at an all-time high for this particular generation of younger adults.

Countless people truly believed their federal student loan payments would vanish in thin air. It is hard to blame them as the president repeatedly promised he had the power to make this happen. Some who left school in 2020 have never made a student loan payment or factored that cost into their monthly expenses. Over 7.5 million borrowers have already defaulted on their student loans. There will be a major issue here once these borrowers see their monthly expenses rise by a few hundred dollars.

Actress Eva Longoria Expertly Handles Pro Creeper Boob Groping Maneuver by Joe Biden


Posted originally on the CTH on June 15, 2023 | Sundance 

I guarantee you every woman who watches this video knows exactly what actress Eva Longoria knew as Joe Biden moved in for the pro-creeper boob groping maneuver. Chicks just know these things, and many know how to be diplomatic in extracting themselves when it happens in public.

During a White House screening of the Film “Flamin’ Hot,” Jun 15, 2023 Joe Biden gives Eva Longoria his signature grope move.  Watch as Creepy Joe does the side boob groping move and Longoria expertly grabs his hands to displace the grope as it happens. Make sure to watch the slow-mo in the Twitter video to see the closeup. WATCH:

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Twitter video below.

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Burisma Audio Tapes Coming Soon?


Armstrong Economics Blog/Corruption Re-Posted Jun 14, 2023 by Martin Armstrong

The mainstream media continually calls Biden’s Burisma bribery misinformation. Senator Chuck Grassley made a stunning claim that a Burisma executive is currently in possession of recorded calls with Hunter and Joe Biden in which they discuss the $5 million bribe. The then-vice president and the executive referred to the bribe as an “insurance policy” for the Biden crime family.

Attorney General Matt Whitaker told Fox that this will be a “cataclysmic event” if the audio recordings are released. Document form FD-1023 form, dated June 30, 2020, initially redacted the audio files to protect the Bidens. “This information, that there were recordings of the president of United States talking to a foreign national about bribes, was redacted from that 1023. That’s extraordinary in and of itself. Now, the contents, if true, I mean, obviously this is a cataclysmic event because you just don’t have these types of recordings usually available. And… it will prove essentially what Joe Biden knew and what his scheme was to abuse his power as vice president,” Whitaker told Fox.

Chuck Grassley (R-Iowa) said that the Ukrainian executive kept the tapes as a form of his own insurance policy in case he got into a “tight spot.” Grassley also said that the recordings may prove that Biden helped to appoint his son Hunter to a position at Burisma. “So, as I’ve repeatedly asked since going public with the existence of the 1023, what, if anything, has the Justice Department and FBI done to investigate? The Justice Department and FBI must show their work. They no longer deserve the benefit of the doubt,” the senator said.

It’s clear that the Justice Department and FBI will use every resource to investigate candidate Trump, President Trump and former President Trump,” Grassley said. “Based on the facts known to Congress and the public, it’s clear that the Justice Department and FBI haven’t nearly had the same laser focus on the Biden family.”

Where is the global outrage? The Bidens were engaged in illegal dealing with Ukraine years before Biden became the POTUS. We are now sending blank checks of taxpayers’ money to Ukraine, exacerbating inflation and creating economic uncertainty throughout the globe. Biden should be impeached at the very least for these offenses. The intelligence agencies have refused to cooperate with investigations and have illegally withheld information that would have sent Joe and Hunter to prison. The Department of Justice and FBI have become the Democrat’s personal Gestapo and are refusing to abide by the law. The people must demand justice.

BORDER invasion escalates as cities prepare for tent cities and tuberculosis outbreak | Redacted


Redacted News Posted originally on Rumble, Streamed on: May 8, 4:00 pm EDT Title 42 expires on May 11th and cities across America are preparing for an influx of illegal migrants. Michael Yon joins Redacted from the Darien Gap to show us what’s really happening south of the border and why the United States is funding this invasion.

Biden Preparing to Pardon Hunter?


Armstrong Economics Blog/Politics Re-Posted May 9, 2023 by Martin Armstrong

I cannot believe my own ears. There are people even talking about Biden pardoning his own son Hunter calling the investigation against his is a political witchhunt. But that does not apply to Trump? Just when you thought politics could not stoop any lower, it always finds new lows. Just how do you pardon Hunter when the allegations go back to Biden and his entire family? I have been hearing this through the grapevine as they say and I did not report it because I considered it just too much. But it is now making the news.

At what point will even the military stand up and say – enough is enough?

This reminded me of Chubby Checker and his Limvo Rock – how low can you go?

In Politics, it seems there is no limit.

A Young Biden Said His Opponent Was Too Old for Office


Armstrong Economics Blog/Politics Re-Posted May 8, 2023 by Martin Armstrong

Neither Biden nor his words have aged well. In 1972, over 50 years ago, Biden was on his way to becoming the youngest US Senator. Biden’s main argument against his 63-year-old opponent Cale Boggs was that he was simply too old to run for office. Biden’s team back then reiterated that Joe “understands what’s happening today.”

“Cale Boggs’ generation dreamed of conquering polio, Joe Biden’s generation dreams of conquering heroin,” read one newspaper ad ironically since Joe Biden could not conquer the problem of heroin within his own household. “To Cale Boggs an unfair tax was the 1948 poll tax. To Joe Biden an unfair tax is the 1972 income tax,” read another, which is also ironic since Biden has continued to raise taxes on all Americans to support his frivolous spending. His political attack also included mentions of the then-Soviet Union. “One of the biggest differences between Cale Boggs and Joe Biden is the things they worry about,” said the radio ad. “In Cale Boggs’ day when Stalin ruled, Americans had visions of the Russian soldiers in our streets. In Joe Biden’s day, Americans have visions of American criminals in our streets. Joe Biden, he understands what’s happening today.” Now Biden promotes criminal activity as violence runs rampant in blue cities across America.

There are those fortunate enough to retain their mental capacity as they age. I have relatives who were close to 100 who showed no signs of mental aging, albeit the physical is impossible to avoid. However, Biden began showing signs of mental deterioration in his 70s if not earlier. He will be 81 during the next election and 86 by the time his second term ends.

Politicians should undergo a mental fitness test prior to requesting to lead the nation. Trump was older during his term but sharp as a tack and underwent a mental health assessment. Trump, despite age, is sharp and an excellent debater because he exudes confident and is quick on his feet. If Joe were put through the media bombardment that Trump experienced, he would be in a catatonic state in his basement in Delaware.

Other countries see our weakness as the man holding the reins of power is mentally incapacitated. Joe cannot even hold a press conference to address the people and only speaks in pre-recorded interviews with his wife propping him up so he doesn’t fall over or wander away from the camera. Does the left hate the right enough to push a man with dementia into power after a disastrous first term? If so, is the left prepared for the repercussions?

AMLO Tells Joe Biden and Samantha Power to Knock It Off, Stop Interfering in Mexico and Trying to Create Instability


Posted originally on the CTH on May 5, 2023 | Sundance 

If you understand what Samantha Power does via her role in using USAID as the mechanism to advance the color revolutions around the globe, these remarks from Mexican President Andres Manuel Lopez-Obrador are subtle like a brick through a window.

Power has recently been trying to create political turmoil in Hungary [HERE] and Georgia [HERE].

However, after AMLO delivered a speech where he called out Joe Biden, the DEA and the CIA for trying to interfere in Mexico [HERE], many people reading here predicted Samantha Power would now show up in Mexico.

Those of you who made that prediction were correct. You guys are smart!

Keep in mind that nearly a million central American economic migrants can be unleashed by AMLO, and likely will be, as Joe Biden and the Mexican president have faced off for almost two years over North American energy policy.  Stunningly, AMLO has not backed down an inch, and instead went on the offensive against Joe Biden and Justin Trudeau.  This put a target on his back and was likely the impetus for U.S. intelligence agencies to call upon Samantha Power to do her thing.

MEXICO CITY, May 3 (Reuters) – Mexico’s president asked his U.S. counterpart Joe Biden to stop the United States Agency for International Development (USAID) from funding groups hostile to his government, according to a letter presented to journalists on Wednesday, echoing previous Mexican criticism of U.S. interventionism.

President Andres Manuel Lopez Obrador did not specify which Mexican groups the U.S. should stop funding, but he has in the past accused several media organizations of being part of a conservative movement against his government.

“The U.S. government, specifically though USAID, has for some time been financing organizations openly against the legal and legitimate government I represent,” he said in the letter. “This is clearly an interventionist act, contrary to international law and the relations which should prevail between free and sovereign states.”

The letter calls for Biden’s intervention, saying the U.S. State Department in recent days announced that USAID would increase its funding toward such organizations. (read more)

CTH will keep repeating the words, WATCH MEXICO.  Ever since Mexican President Andres Manuel Lopez-Obrador confronted Joe Biden in the oval office about energy policy, things have increasingly escalated.

Remember, Mexico did not join the Build Back Better suicide mission, or the sanctions against Russia.

Keep in mind, it wasn’t just President Trump who blocked the migrants and secured the U.S. southern border, it was AMLO using 50,000+ active military to stop the migration flow of illegal aliens. It’s not a surprise that AMLO is letting the caravans flow to the border, while Biden is trying to undermine the Mexican government.

For those of you who remember the role of Tunisia, Morocco, Libya, Egypt and ultimately Turkey in the African migration flow into Europe, you might find a parallel within the current status of Mexico as it pertains to Central America.  Remember, the U.S. intelligence community are conducting operations in Mexico; be leery of any headline stories coming out of the country.  Something is going to happen… Keep Watching.

President Harris – OMG


Armstrong Economics Blog/Politics Re-Posted Apr 29, 2023 by Martin Armstrong

Tucker Digs into the Joe Biden Classified Document Story


Posted originally on the CTH on January 10, 2023 | Sundance 

As only Tucker Carlson can, the Fox News host used his opening monologue tonight to dig a little deeper into the Joe Biden “classified document” story.

This is a very good non-pretending 17 minutes to encapsulate the issues in/around the story.  WATCH:

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Biden’s Stolen Classified Documents Relate to U.S. Government Activity in Ukraine


Posted originally on the CTH on January 10, 2023

In the final days of the Obama and Biden administration, in mid-January of 2017, Joe Biden visited Ukraine and the people in/around the government were perplexed about the actual intent of the visit.   Why was it important for Joe Biden to visit Ukraine in the last week of the Obama administration? [Source]

Keep in mind that CNN receives information from the State Department.  The Dept of State and CNN have a collaborative relationship; so, when CNN receives “exclusive information” from “exclusive sources”, and the issues generally pertain to foreign affairs, we can be generally confident the information comes from the State Dept.

Apparently, according to CNN sources, the classified documents that Joe Biden took with him from the Obama administration, pertain to U.S. government affairs related to Ukraine, Iran and the United Kingdom.

(Via CNN) – Among the items from Joe Biden’s time as vice president discovered in a private office last fall are 10 classified documents including US intelligence memos and briefing materials that covered topics including Ukraine, Iran and the United Kingdom, according to a source familiar with the matter.

The documents were dated between 2013 and 2016, according to the source.

They were found in three or four boxes also containing unclassified papers that fall under the Presidential Records Act, the source said.

The vast majority of the boxes in the office contained personal Biden family documents, including materials about Beau Biden’s funeral arrangements and condolence letters, the source told CNN. It is not clear if the boxes with classified documents contained personal materials. (read more)

Considering how the Biden family syndicate, specifically Hunter Biden, was deeply enmeshed in the Ukraine energy sector via Burisma Holdings and the family interests as an outcome of the vice president using his influence to sell U.S. policy therein, it would seem that Joe Biden was securing classified documents favorable to his corrupt financial interests.

Those classified Ukraine documents were then transferred to the Penn-Biden office facility. “The documents were discovered when Mr. Biden’s personal attorneys “were packing files housed in a locked closet to prepare to vacate office space at the Penn Biden Center in Washington, D.C.,” Sauber said in a statement to CBS News.” (link)

It would make sense the documents would be related to corrupt U.S. government activity as it relates to the use of foreign policy for financial gain.   The similarity of purpose between the Biden syndicate and the Clinton syndicate are similar, and Joe Biden was previously Chairman of the Senate Foreign Affairs Committee, prior to Barack Obama selecting him as the 2008 VP nominee.

What the Senate Intelligence Committee (SSCI) is to the CIA and Intelligence Community, so too is the Senate Foreign Relations Committee to the U.S. State Dept.

This larger aspect would also explain why the people in/around Joe Biden selected Anthony Blinken as Secretary of State and Jake Sullivan (former Clinton aide) as National Security Advisor.  Both Blinken and Sullivan are skilled bagmen familiar with the process of selling U.S. foreign policy for their principals, Joe and Hillary.

If the House begins peeling back the layers of the Hunter Biden laptop, eventually they will find evidence of Joe Biden selling foreign policy as a method for personal financial gains.  The trail has been very well documented in the lead-up to his run for higher office.  It would make sense the classified documents relate specifically to this aspect of the Biden crime syndicate.