This is so far beyond hubris, the gaslight from where hubris emanates would take a year to reach it.
Joe Biden spikes the football on the Twitter claiming to have lessened inflation he created. [LINK]
I try not to hold negative sentiments, but I cannot help but loathe this man.
Here’s a fun little bit of datamining by the folks at TrendingPolitics. Apparently, former DOJ apparatchik and current New York Representative Daniel Goldman is holding $32+ million in a Cayman Island bank account.
Goldman was one of Los Tres Amigos conscripted from the DOJ who was enlisted by Mary McCord to run the public face of the House impeachment effort against President Trump. More recently sketchy Goldman attempted to run defense for the Mueller-Weissmann team during testimony about the Twitter files. {Go Deep}
Considering his legal exposure to the multiple frauds he assisted and perpetrated, it seems part of his financial risk mitigation is to keep his bank accounts in the Cayman Islands. Curiously interesting, because it’s always worth noting what ammunition the Fourth Branch carries to keep their toadies in line.
[Trending Politics] – Newly disclosed financial documents show that a House Democrat leading the charge against income inequality has stashed over $30 million in a tax-free international haven to support his nonprofit.
The Richard W. Goldman Foundation, which for a decade has provided charitable efforts on behalf of the disadvantaged, reported holding $32.2 million in investments harbored within the Cayman Islands, a renowned haven for wealthy individuals and corporations seeking to relieve tax burdens. The organization was founded in 2012 by Democratic Congressman Daniel Goldman of New York.
Documents filed with the Securities and Exchange Commission list Goldman as financial director for the Goldman Foundation, giving him control over where and how its assets are managed. Disclosures to House Ethics by the New York lawmaker show he has maintained a position on the foundation’s board of advisors through July 2022.
Rep. Goldman just last week issued a statement supporting President Joe Biden’s plan to raise taxes on corporations and wealthy Americans as part of his annual budget. (read more)
COMMENT: Marty, I really cannot thank you enough. Socrates called yesterday as the turning point and it was the strongest one of the week. We got the bounce when everyone was in a panic state claiming that the Fed would not have to lower rates. They really do not understand central banks as you alone have explained many timers. There was no way the Fed would lower rates and undermine its credibility by suspending its inflation fight now, That would blow all credibility and lead to panic for sure. The Fed will not change because of SVB for that would undermine financial stability completely.
I am not sure just how much Socrates helps traders and society.
Paul
REPLY: I do realize that Socrates could run the economy far better than any human. It is my hope that it proves itself over the course of now and 2032 and that people will look back upon these forecasts and at last comprehend that there is truly a hidden order in what people think are just random walks.
Here is the Array published on March 1st. It forecast the high for the 6th with a turning point, a Panic Cycle for the 9th, and then the turning point on the 13th for a low. This was clearly published in advance of the SVB failure. This raises the question, how can a computer possibly predict such a Panic would take place on the 9th long before anyone heard about SVB? This is NOT my personal opinion. You do not see me running ads saying this is the guy who had forecast whatever. Socrates has taught me a lot about market behavior.
Just as Edward Lorenz ran what appeared to be random weather data into a computer and out came the most perplexing image of a hidden order that existed in what the human eye could see only randomness. He became the father of Chaos Theory, which to this day, prevents us from seeing the future as part of a pattern that has been set in motion.
My real hope is that the world will come to recognize that there is a hidden order to everything that most are blinded by the appearance of randomness – chaos. We need to understand how everything worked if we are to reconstruct a new form of government after the great collapse of governments post-2032.
COMMENT: Pi Day history compliments —-
On March 14, 1883 KARL MARX MADE HIS MOST IMPORTANT CONTRIBUTION TO MANKIND . . .
HE DIED.
Happy Pi Day!
SR
REPLY: Also, Albert Einstein was born in Ulm, Germany, on March 14th, 1879.
Knowing, not predicting – knowing – the Biden economic policies were going to create massive U.S. inflation in the years to follow, in 2021 I pinned a tweet thread to the top of my timeline on the CTH Twitter account that could be used as a reference. [You Can Read Here] Not a single month of statistical data has come in the past two years that was not entirely predictable. Today’s report from the Bureau of Labor and Statistics (BLS) [DATA HERE] is no different.
Inflation is a measure of the change in a price. It is usually presented in terms of a percentage of change. When inflation starts to lessen, what that means is the rate of the price increase slows down. The price is still going up, but at a slower pace.
February prices overall increased 0.4% for the month, putting the current rate of annual inflation at 6.0%. Meaning prices (on aggregate) are 6% higher than this exact same time last year.
Meanwhile, wages increased 0.2% for the month, and hours worked dropped 0.3% [DATA]. Wages only rising by half the rate of prices, and hours worked dropping, means the net ‘real wages’ declined, yet again, by 0.4%.
Workers are going backwards.
The very real impact on the working class is getting worse. The blue collar team, who works for a living and does not take Instagram pictures of their lunches, are getting crushed in the Biden economy. The divide between the ‘haves’ and the ‘have-nots’ is getting wider.
Put another way, Team MAGA, the entire continuum of normally apolitical working class, is watching the rust growing and feeling the worst part of the Biden economic outcome. I have often spoken in my immediate circle of influence with the phrase, “financial anxiety is a very real concern the closer you get to the laundromat,” and many people have no idea what that means.
The biggest BS statement of the day goes to CNBC with this sentence:
I challenge you to find a more encapsulating pile of horsepucky that represents the financial media era of great pretending. When I read stuff like this, I begin to think the next great eruption of a violent war is getting even closer, and this war will have nothing to do with nations.
Our current inflation crisis is directly related to the western aligned intentional Build Back Better/Green New Deal, climate change policy decisions that have destroyed energy production and created massive increases in energy costs. Those costs go everywhere and drive up the unit price of all goods and services.
Nothing about the Biden economic plan, which is really an extension of the collective WEF economic plan, has anything to do with ordinary supply-and-demand imbalances – other than the forced and intentional destruction of oil, coal and natural gas development.
The WEF climate change energy policy is destroying the U.S. economy, creating pain for all U.S. workers and consumers, driving up prices and doing the same thing in every western country that is following it.
Last week, South Dakota Governor Kristi Noem broadcast a warning on the Tucker Carlson show about a bill that passed her State House and Senate that she was forced to veto because it changed the definition of money and banned non-govt-issued cryptocurrency like Bitcoin. {Broadcast Warning Here}
The bill stems from the generally innocuous Uniform Commercial Code (UCC), which Daniel Horowitz describes as, “a set of standards to facilitate interstate sales and commercial transactions such that all definitions pertaining to such commerce are uniform and clearly understood.” It looks like Horowitz was the first to transmit the public warning, as identified by two members of the South Dakota House Freedom Caucus, and then Kristi Noem became aware – thus the veto.
Governor Noem warned that the bill was already passing through several states, and if you look at the UCC Amendment tracking page [DATA HERE], she is correct. The states in green on the map below are states where the UCC revision bill has already been introduced.
As Daniel Horowitz notes in his initial warning dated March 2, 2023:
“The revisions to Article I are very clear now that Bitcoin will not be money, because even though the definition provides for electronic money … it says that an asset that is adopted by a government as its medium of exchange will not qualify as money … if the electronic asset, such as Bitcoin, existed before it was adopted by the government. So Bitcoin, of course, exists today; it existed before El Salvador adopted it as its currency … so it will never be money for UCC purposes. The same for other kinds of crypto currencies.” So there you have it. Officials clearly mean to pave the way for CBDC while explicitly barring all competition. (more)
This is obviously alarming.
Additionally, with the timing of this national revision taking place very quietly; and with the failure of SVB and Signature Bank following a few weeks later; and with specific impacts to the cyptocurrency market; one is left wondering if the current bank “failure” and Biden team intervention was not an intentional crisis with a motive to push government controlled central bank digital currencies into the mainstream.
In essence, was the SVB banking collapse, a designed crisis? And as a result, was the federal government response predetermined and just waiting to be triggered?
When asked last week why her legislature would do this, Noem responded the state politicians likely did not read the bill as it was constructed by lobbyists. Noem is exactly correct and hits on a subject we have discussed here frequently {GO DEEP}. However, one of the more alarming aspects to Noem’s discussion of the issue is that around 20 other states are considering similar legislation. WATCH:
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I stumbled across this podcast this morning. Missy Robertson, Kirk Cameron, and Riley Gaines (representing Bethany Hamilton, the surfer who lost her arm in a shark attack) had an appearance at the Hendersonville, Tennessee public library last week. They were to read children’s books they’d written for Brave Books, stories based on faith-based principles.
The staff did everything they could to disrupt the event, and according to Missy, kept the parents and kids in line outside in the freezing rain when they could have formed the lines inside the library.
As Missy says, for the sake of our children, our grandchildren, we must make sure our voices are louder than theirs. I’m quite sure Drag Queens would have been given the red carpet treatment.
At the very least, the must be taught that we will not give up our Constitutional rights and that they, government employees, have no right or ability to restrict them.
Please share, and contact the Hendersonville Library, and the Library Board and commissioners. If you are nearby, perhaps you could even attend, and film. It would be great to hear from some Treepers.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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