Truckers Wanted


Armstrong Economics Blog/North America Re-Posted Oct 28, 2021 by Martin Armstrong

It seems that the state of Florida is doing more to address the supply chain crisis than the entire Biden Administration. The American Trucking Association reported that their industry now has a record shortage of 80,000 drivers. Truck drivers are essential to maintaining a steady supply chain, and despite the climate change narrative, fewer trucks on the road mean that businesses cannot be supplied with the essentials they need. Distributors in Florida are now offering salaries of up to $110,000 a year with sign-on bonuses as high as $15,000. Even referral bonuses have been going for between $3,000 to $5,000. The plan to attract workers comes shortly after the state announced that their ports are open for business.

Nearly half of America’s small businesses are feeling the effects of the supply chain crisis. Ships have been forced to turn around from ports, rerouting back to Asia, as there have not been enough workers to transport products. The trucking industry has been warning that Biden’s policies would lead to disaster. “I’m pretty discouraged. I don’t know how anybody can think an anti-capitalist agenda can be good for transportation,” David Owen, president of the National Association of Small Trucking Companies (NASTC) told Transportation Nation Network (TNN) in January. The entire trucking industry has been hesitant since Biden stepped into office, and with good reason.

The Democrat-controlled House voted to raise the motor carriers’ liability insurance minimum requirement from $750,000 to $2 million, eliminating competition for larger trucking companies. Biden’s climate change agenda resulted in the Keystone Pipeline XL cancelation. His plans to reduce carbon emissions producers and fracking also resulted in higher prices at the pump. Ending the supply bottlenecks requires the US to put more trucks on the road, and truckers should be treated with dignity rather than criminals who are destroying the climate.

Have Some Democrats Lost their Mind?


Armstrong Economics Blog/Politics Re-Posted Oct 28, 2021 by Martin Armstrong

Reliable sources have for months been warning that the extreme Democrats have been planning to impose mandatory vaccines to screw Independent and Republicans for this has nothing to do with health anymore. The conservative Democrats are worried and they have been standing their ground, thank God, forcing Biden’s $3.5 trillion plan down to $1.5 trillion so far. They are gutting the Biden program for as I have been told, we use to pledge alliance to the flag in grade school, and the words “liberty and justice for all” still ring in the ears of some.

Now I can safely say that the rumors I have been hearing are true. Governor Murphy’s staff in New Jersey has been caught on tape saying that after the election next week, he will wage war on Independents and Republicans making it law that everyone must be MANDATED for a vaccine. That will be down to 5 year-olds following New York. The exact quote he does not want to hear it’s “my rights, my s-t.” The courts have torn up the Constitution for the NY Supreme Court told the cops, no vaccine no pay since they were mandated with no exceptions be it medical or religious. They cannot test cops for weed or drugs, only COVID.

What the rumor is that after the Democrats devastate the Republicans in the 2022 election, then Biden will MANDATE vaccines, but also impose a tax per mile you drive a non-electric car. I really do not understand such hatred and the refusal to simply rule fairly. They are pushing hard and that push is coming from the World Economic Forum with funding from both Big Pharm and Big Tech all pushing to annihilate Republicans and Independents. The United States I grew up in no longer exists. It is being directed from Geneva.

I was really praying these were rumors, but it is clearly a political move. They want good Nazis who just follow orders without question. These are no normal vaccines with a sample of the virus. So they fade quickly requiring boosters for the rest of your life annually or every 8 months.

According to their overlord, Klaus Schwab,  anxiety is building over the world’s social and economic prospects. The solution, Schwab maintains, insists that “the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts, or a great reset of capitalism.” (Source)

BIG SHIFT – Top Two Decepticons Take a Knee to MAGA Power and Endorse Herschel Walker in Georgia Senate Race


Posted originally on the conservative house on October 27, 2021 | Sundance | 79 Comments

This may seem like a small story that skirts under the radar of most; however, the ramifications are quite large.

Senate Minority Leader Mitch McConnell (KY) and Senate Majority Whip John Thune (SD) have endorsed MAGA candidate Herschel Walker for the Georgia Senate Race.

This move ¹could represent a major shift in the political outlook of the upper chamber.

McConnell and Thune are the two top DeceptiCons in the Senate.  McConnell has been grooming Thune to be his replacement if they collectively cannot defeat the MAGA movement Republicans the same way McConnell previously crushed the Tea Party Republicans.   If the larger U.S. awakening returns the Senate to GOP control in 2022, it is very likely John Thune will become Majority Leader.

That is the background to consider this shift: “Herschel is the only one who can unite the party, defeat Senator Warnock, and help us take back the Senate. I look forward to working with Herschel in Washington to get the job done,” McConnell said in a statement to POLITICO.  “On Monday, the retired football player received the backing of South Dakota Sen. John Thune, the No. 2 Senate Republican.”

¹Herschel Walker had met with most of the key DeceptiCons, including McConnell, Thune, Cornyn, Barrasso, and Graham prior to the endorsement.   As a result, the decision to support Walker likely highlights a MAGA inevitability outlook by the corrupt political class.   However, these are DeceptiCons we are discussing, so two additional motives should not easily be dismissed.

(1) McConnell and Thune feel confident in their ability to corrupt Walker giving him the Tim Scott treatment.  Or,

(2) McConnell and Thune have already organized the defense against Walker by giving ground support to Walker’s opponent Democrat Sen. Raphael Warnock.

The number two option would be a version of the DeceptiCon Mississippi election strategy where they make an agreement with Warnock for something in the future; then seed the ground game against Walker by telling Georgia Republican Party operatives what to do; then openly endorse Walker to provide themselves cover.   This type of DeceptiCon operation is familiar to those who remember Lee Atwater or more recently the political strategy of Karl Rove (Atwater’s protege).

Either way, the fact that McConnell and Thune are now on record supporting Herschel Walker means they cannot work (in the open) to shape any campaign effort against him.  I would have liked to be a fly on the wall for the phone call between Mitch McConnell and Kelly Loeffler.

NYP Report Outlines Massive Legislative Gimmicks Being Deployed Within $7.5 Trillion Legislative Package in Biden’s Build Back Better Program


Posted originally on the conservative tree house on October 27, 2021 | Sundance | 103 Comments

The New York Post has an excellent expose’ [See Here] showcasing just how manipulative the legislative tricks are within the mega-trillion dollar human infrastructure and Build Back Better bill.

As anticipated by most political observers, the Democrats are using budgetary tricks to avoid the Congressional Budget Office putting a real price tag on their legislation.  The article is easy to understand even though the legislative tricks are far beyond anything any congress has ever attempted.

(New York Post) – After months of criticizing Sens. Joe Manchin and Kyrsten Sinema for balking at the original $3.5 trillion price tag, congressional Democrats are finally accepting reality and paring President Biden’s social welfare package to between $1.5 trillion and $2 trillion over the decade.

Does this mean they are responsibly removing the bill’s worst provisions and crafting fiscally sustainable legislation? Of course not!

Instead, welcome to the gimmick Olympics, where progressives are using classic accounting tricks to hide the true cost of the bill.

Instead of producing legislation that truly costs $2 trillion over the decade, lawmakers are crafting as much as $4 trillion worth of new initiatives, but simply using fake expiration dates to score only a few years of each proposal. The idea is to create new federal programs, hook the constituencies on new federal benefits, and then assume that future Congresses and presidents will not dare to allow them to expire. Those assumed extensions will then blow up the cost far above today’s $2 trillion sticker price.

For example, the March stimulus law temporarily expanded the child tax credit from $2,000 to $3,000 per child (and $3,600 for children under the age of 6), and expanded eligibility to higher incomes. Democrats have made clear that they want this policy made permanent at a cost of $1.3 trillion over the decade. Yet the initial reconciliation proposal expanded the policy for just four years, and now the White House is calling for just a one-year extension — effectively hiding nearly $1.2 trillion in upcoming costs. Congress already renews a small number of tax cuts each December, and the child credit will simply become another annual extender.

But the gimmick Olympics do not stop at the child credit. The White House has reportedly proposed three- to four-year expiration dates for other initiatives such as paid family leave, Medicaid expansion and new ObamaCare subsidies. A proposed new child care program — which a study by the left-wing People’s Policy Project shows could raise child care prices by $13,000 per year — would reportedly phase in slowly and expire after a few years. On the other side of the gimmick window, a new Medicare dental benefit would be delayed until 2028, and then have its costs jump once outside the 10-year scoring period.

Most cynical of all is the Democrats’ maneuver on the $10,000 cap on the state and local tax (SALT) deduction. The $10,000 cap is set to expire at the end of 2025, but House Democrats want to eliminate it immediately. So to “pay for” that immediate $90 billion-per-year tax cut, Democrats would actually impose a new SALT cap beginning in 2026 — count that future revenue as an offset — and then quickly cancel the tax before it ever goes into effect. In other words, they are creating entirely fake future policies in order to count the fake savings today. (read more)

Beware The Government That Wants to Tax “Unrealized Capital Gains”


Posted originally on the conservative tree house on October 27, 2021 | Sundance | 201 Comments

Taxing “unrealized capital gains” sounds like a catchy and obscure way to make wealthy people pay more in taxes, but it doesn’t work.  A government that moves in this direction ignores the reality that people are not static.  The process also involves “taxing wealth” which then becomes an arbitrary definition.

Unrealized capital gains are not income, they are simply increases in value.

If your home was worth $200,000 last year and $300,000 this year, you have an unrealized capital gain of $100k.   A 15% tax bill on that value increase means the homeowner would have to pay $15,000 to the IRS.

Joe Biden is proposing to pay for his multi-trillion expansion in debt through this type of tax upon billionaires.   Treasury Secretary Janet Yellen admitted this was part of their thinking to help pay for the Biden budget last Sunday.  WATCH:

Proposing a tax on money that does not exist is the peak of government.   Sure the proposal applies only to billionaires who have massive gains in their stock portfolios, but billionaires are not esoteric titles.  Billionaires are people who can, if needed, move their physical location and avoid any U.S. tax on their wealth.

This is the same reason why corporations move the location of their home offices to countries with lower tax rates, a process called corporate inversion.

If Elon Musk, Warren Buffet or any other multi-billionaire wanted to avoid U.S. taxes on their personal wealth they can (relatively easily) change their official residence to Mexico or any other nation where the value of their yet unrealized wealth would not be taxed.  That individual inversion process is an easily predictable unintended consequence.

As noted in The Hill:

[…]  Biden is suggesting that he will pay for the new spending by taxing people not on what they have earned but what they could earn from selling assets. Most people have assets that increase in value over time. Consider a family home. Over the course of many years, it can easily double in value, but you do not “realize” that money unless you sell it. Biden is suggesting that the government should start taxing you based on any increased value of the things you own, even though you have not actually made that money. It doesn’t matter that the home or stock or art could ultimately go down in value after you are taxed on the higher value. Indeed, if you tax some unrealized gains, you could in extreme cases force people to sell assets like a home to pay the tax on income that they did not make.

The administration has started where few would object: billionaires.  (read more)

Additionally, another issue arises if the previously taxed asset goes down in value; an issue where the depreciation or loss becomes a negative tax liability.  Meaning if you already paid taxes on an increase in value for an asset, and the following year that asset drops in value, the federal government would then owe you money to recompensate you for a realized loss.  If you paid $15k on a $100k increase in the value of an asset, and the following year that asset drops in value by $100k, the $15k you paid would be deducted from the current year tax liability.

There are constitutional issues with the federal government taxing wealth or assets; however, the overarching premise behind every proposal is that all wealth belongs to the government.  You hear this ideological perspective when people say “tax expenditures” or spending in the tax code.  The idea is that your income is what the government permits you to keep, NOT what your labor has achieved.

The ideology behind taxing “unrealized capital gains” is the same ideology in the premise of “sharing the wealth.”    It is an ideology that stems from a belief that your dollar earned comes at the cost of my dollar not achieved.

Beware the voices who would advocate for taxing unrealized gains in wealth as a source of government revenue.  Once you start down the path of taxing wealth you set up a process where the U.S. government controls the limits of where that wealth is defined.   It will never stop at billionaires….

Recap of Attorney General Questions During Senate Hearing From Senators Cruz, Grassley, Hawley, Lee, Cornyn


Posted originally on the conservative tree house on October 27, 2021 | Sundance | 320 Comments

Attorney General Merrick Garland appears before the Senate Judiciary Committee to answer questions about his involvement in the drafting of a DOJ memo to the FBI requesting support for investigations of parents who attend school board meetings across the country.

While the topic is downplayed by U.S. corporate media, the specifics of the issue are pertinent in that they highlight the politicization of the Justice Department by DOJ officials throughout main justice and the various offices of U.S. attorneys.

Garland was prompted to write his instructions as an outcome of the White House coordinating with leftist political operatives within the education system, specifically the National School Board Association.

It seems apparent, from the questioning and responses today, that Deputy Attorney General Lisa Monaco was the central DOJ official who coordinated the political intent of the memo.  Monaco was previously President Obama’s homeland security advisor and lawyer in the White House.  Within the main justice structure, Lisa Monaco is now the head of the DOJ National Security Division, the agency given the prosecutorial power within the Garland memo.

The background of the memo involved parents becoming aware of Critical Race Theory (CRT), essentially Marxist lesson plans within various regional school boards.  The parents responded to the information by confronting school boards across the nation.  The left-wing political operatives were caught off guard by the massive assembly and grassroots organization of parents in almost all states.

The CRT and education issue galvanized across party boundaries as Republican, Independent and Democrat voters -who are also parents- united in a common cause against the Marxist indoctrination material that is akin to the same playbook that triggered the Chinese Cultural Revolution.

Quickly awakened parents and concerned citizens were confronting the issue, and their commonality became a political risk to Democrats.  This triggered contacts from various left-wing organizations to the White House.

The Joe Biden White House -filled with Obama ideologues- responded to the threat of intense political damage, by organizing pushback against parent groups through the various educational organizations, teachers unions and community activists.  Their assembled strategy resulted in the letter from the National School Board Association, to the DOJ into the awaiting hands of DAG Lisa Monaco.

Monaco, having previously seeded the discussion within Main Justice about the political threat, then organized and helped draft the memo quickly signed by AG Merrick Garland.  The NSBA letter arrived on Friday, and the AG memo instructing the FBI to target parents was signed the following Monday.  Everything in the background of the issue highlights how the political needs of the White House become the focus of activity by the U.S. Justice Department.

In essence, the Merrick Garland memo highlights how the DOJ is weaponized against the political opposition of the White House; this is the larger issue.

Given the recent examples of the DOJ being weaponized against their political opposition, the Garland memo is seemingly just another data point in an endless assembly of data-points that prove just how corrupt the U.S. system of justice has become.  However, just because corruption is rampant and transparently obvious does not mean we should allow ourselves to become numb with anticipation of that corruption.

Action to address that corruption starts at the local level with a committed and engaged citizenry who actively address and hold accountable their local school board members and educational officials.

The intent of the Garland memo was to frighten parents away from the corruptions within the education system with the threat of the FBI investigating them.   If you allow your behavior and expectations to change based on fear, those who count on fear to manipulate the outcome will win.

Many people view these confrontations by Senators as nothing more than public displays that amount to no accountability.  In part, that is correct; however, it is not the responsibility of a senator, any senator, to confront the school board member where the origin of accountability needs to reside.

The role of a U.S. Senator is to hold the federal arm of the DOJ accountable and put them on notice.  This is what they are doing.  The role of the engaged citizen is to address the educational manipulation on a local level.  You cannot abdicate your responsibility to confront corrupt activity in your neighborhood to Washington DC.  It is the role and responsibility of the parent/citizen to deal with that corruption.

Snarking at Senators for confrontational hearings might feel like a good way to deflect our responsibility.  However, all it does is erode the foundational principle behind our constitutional republic which is built upon individual rights and responsibilities that start at the local level.   Those who believe the federal government should address local school board issues, are, by nature of their argument, asking for a larger system of centralized government.

Ted Cruz:

Josh Hawley:

Mike Lee

John Cornyn:

Chuck Grassley:

Posted in 1st AmendmentBig GovernmentBig Stupid GovernmentCold AngerDeep StateDept Of Justice

Senator Tom Cotton Confronts Attorney General Merrick Garland Over Using The National Security Division of DOJ to Investigate Parents Attending School Board Meetings


Posted originally on the conservative tree house October 27, 2021 | Sundance | 288 Comments

One of the lesser highlighted aspects to Attorney General Merrick Garland using the FBI to investigate parents as domestic extremists when they attend school board meetings, is that Garland put the prosecutorial process in the DOJ- National Security Division (DOJ-NSD).

From the perspective of the general public, the DOJ-NSD has become a well known division within the DOJ in the past several years, because it was within this division where the lawfare alliance constructed their political targeting operations against candidate Donald Trump.  The DOJ-NSD is where the secretive title-1 FISA applications are created and submitted to the FISA court.

As established by AG Eric Holder and DAG Sally Yates, the DOJ office of inspector general, the internal self-checking mechanism to act an a watchdog, was also blocked from having oversight into the DOJ-NSD throughout the era of Barack Obama.  This lack of oversight was intentional to keep the DOJ-NSD political operations hidden from any review.

The DOJ-NSD was the home for John Carlin, Mary McCord, Andrew Weissmann and Bruce Ohr among others who conducted the investigation into Hillary Clinton’s classified email use and later into candidate Donald Trump via the FBI Crossfire Hurricane operation.  It is the DOJ National Security Division that selects targets for prosecution (ex. FARA) based on political affiliation.   In this round of questioning by Tom Cotton, the Arkansas senator focused on the use of the DOJ-NSD by Merrick Garland.  WATCH:

Demonizing Your Opponent


Armstrong Economics Blog/Politically Correct Re-Posted Oct 27, 2021 by Martin Armstrong

COMMENT: Hi Mr. Armstrong,
Your ‘great divide’ post just reminded of a story from when Trump was running for office. I work in a hospital. I went to see a patient to give them a medication. I said, ‘I came to see if you wanted XYZ.’ The patient said, ‘Do I have a choice?’. I said, ‘Of course you have a choice, this is America.’ And the patient said, ‘Oh you must be a Trump supporter.’
That is the moment I knew Trump was going to win. I feel like your story has a similar feel to it.

JM

REPLY: Yes it does. Neither politics nor vaccines came into the discussion. It was a bizarre moment setting off alarm bells in my soul that this polarization is very serious. The country has become so split and just resisting tyranny is now somehow you are a problem. During the French Revolution, they confiscated not just the property of the king and the aristocrats, but also the church. Assignats were paper money issued by the Constituent Assembly in France from 1789 to 1796. They were backed by the value of properties seized from the crown taken over on October 7th, 1789, and those of the Catholic Church, which were also confiscated on November 2nd, 1789.

During the American Revolution, some places confiscated the property of those who opposed the Revolution. Georgia even bragged that their currency was backed by confiscating the assets of those who disagreed with the revolution. They are trying so hard to demonize all resistance and they are using the vaccines to do so while subjecting people to risks. Every vaccine poses risks to some people. It is against human rights to force any medical procedure on people. That was established following the Nazis. This tyranny which pretends to be concerned with people’s lives so it is proper to protect them by stripping them of all rights and independence will blow up in the face by 2026/2027.

The Rising Great Divide


Armstrong Economics Blog/Civil Unrest Re-Posted Oct 26, 2021 by Martin Armstrong

COMMENT: Marty,
Your last post rings so true. Which why I feel a bit hopeless about CA. Florida, with DeSantis leading is definitely heading in the right direction.

My step, father-in-law is a living example of what you talk about. He is overweight, diabetic, double vaxxed, masked, drives an electric hybrid car, and a staunch Democrat who voted for Biden. I sent him the link to the U.K. daily mail Hunter Biden expose saying that his vote brought that filth into the White House, and he just exploded about how Trump was racist, Trump this, Trump that…. it was never about whether Biden was any good.

He cared not in the least that small businesses, such as mine were shut down last year, or that my kids were kept out of school. He went out of his way to argue that masks prevented infection and the spread of covid. He encouraged people to get tested for covid, and got double vaxxed himself. He uses CNN as a source of “authority”.

And to think that his family fled communist China, and then to see him acting this way is just really mind boggling. You cannot argue with a 60+ year-old man, you just cannot no matter what evidence or counter-arguments you present.

Somehow the double vax did not kill him. I wonder if he will get his booster soon.

Thank you.
SH

REPLY: I had dinner with a friend who brought his son, who was recently married. His wife just completed her degree to be a teacher. All I said was, “Well, stay clear of California, Pennsylvania, New Jersey, and New York. Their pension systems are crumbling.” She responded, “Oh you’re an anti-vaxer.” At no point in the conversation did we talk about politics or vaccines. It seems this vaccine is now defining those who see the loss of liberty compared with those eager to hand over all their rights to get people they disagree with. I think I have a right to live in a free country. They seem to disagree; I should not have any rights if I do not agree with their position. This is the evil of the left who will never live in peace. They have no idea what liberty even means.

Turning Your Hatred of Trump Against Yourself


Armstrong Economics Blog/Politics Re-Posted Oct 26, 2021 by Martin Armstrong

QUESTION: Do you think Trump was a better president? He was a moron!

HJ

ANSWER: I really think you are too caught up in this idea that the president is actually in charge of the country. I have said from the outset, the 2020 election was NEVER about Trump v Biden. If you really think that Biden is in charge, I don’t know what to say. No matter what party you ever voted for, it is an agenda that rules, not the president. That was Trump’s problem. He thought being president meant you actually ran the country. The Deep State is in charge, and, make no mistake about it, they set the dark agenda.Video Player00:0001:12

Even Schumer admitted that no politicians will EVER criticize the intelligence community, for they have “six ways from Sunday” to get you. The country is NOT a corporation. The president is not in charge of it, and that is a known fact in Washington. They are allowed to play with social benefits. Beyond that, the Deep State will not tolerate interference. It would take the military to take down the Deep State. We have no right to vote them in or out, and no politician will ever do anything against them. It is in so many ways a dictatorship behind closed doors.

The Deep State was supposed to release all the papers on the JFK assassination during Trump’s term. They convinced him to grant them a delay until after the election because they KNEW he would lose. Now under Biden, they are using COVID as an excuse not to release them, and the talk is there will NEVER be a release because the real source was the Deep State — not Russia.

I have been against Biden not because of him personally nor because I thought Trump was a better man. My position has been BECAUSE Biden is only a puppet, and the BUILD BACK BETTER agenda is a global agenda headed by Klaus Schwab and his World Economic Forum. This is NOT a Republican v Democrat war. Biden has just implemented mandatory vaccines even for Americans who want to travel internationally. In Australia, Victoria is already telling people they will need regular booster shots to retain whatever limited privileges he is granting while converting emergency power to permanent legislation. That is coming everywhere worldwide.

This is We the People v a Foreign Enemy of State — The World Economic Forum. I am sure you will not believe me because you just hate Trump so much. Based upon your emails, you are just a fool who has been manipulated by this agenda. Trump stood in the way. He had to be removed. They had Canada, Australia, New Zealand, and Europe. To pull this off, Trump had to be removed.

In his Scranton speech, Biden said, “We will take, literally, millions of automobiles off the road. Off the road.” Gasoline is approaching $9 per gallon in California. Biden tried to track every transaction down to $600. Did you look at his bill trying to take 10% of everybody’s salary and force it as a loan to the government paying an annuity? That is what collapsed the city of Mainz during the 14th century and started the German hyperinflation following the December 1922 forced loan. Were any of these measures even raised during the election? Did you vote to surrender 10% of your salary and surrender your car?

It is sad. But this is only going to end in civil unrest. They have no right to take the Constitution, tear up our rights, and transform them only into privileges that can then be taken away or eliminated at their discretion. Our liberty is something people fought for over centuries. You are willing to relinquish the blood of all those who died fighting for this cause of freedom. Rest assured, your hatred of Trump has been used against you, and you are so blind to your own rights that you are destroying the future of your own posterity.