Job Replenishment – Migrants Secured 75% of ALL new Jobs Under Biden


Posted originally on Jun 13, 2024 By Martin Armstrong 

Steven Camarota at the Center for Immigration Studies produced a new study published by Breitbart that explains the truth behind America’s seemingly low unemployment rate. Millions of migrants have entered America under Joe Biden. The jobs reports may seem strong each month but Fed Chair Powell himself said he has not been impressed by the incoming data. One major reason that the data is skewed is because migrants have secured an overwhelming 75% of all new jobs created in the United States in 2019.

American men have been leaving the workforce. American men with only a high school degree between 25 and 54 had a workforce participation rate of 95.7% in 1960, which has fallen to 81.6% in 2024. They cannot compete with people who are willing to accept lower pay for the same positions. Even men with a bachelor’s degree in the same age range experienced a decline in workforce participation from 95.8% in 1860 to 84.8% this year. The study concluded that workforce participation rates among all prime-age men in America plummeted 8 percentage points in 64 years.

“While labor force participation among these groups has roughly returned to pre-pandemic levels, the rate in 2024 remains at or near historical lows relative to other peaks in the business cycle,” Camarota explained. Over 300,000 Americans have left the workforce in the past year alone, while 637,000 migrants took their place.

Three in every 19 people living in the US were not born in the US as our foreign-born population surpassed 51.6 million. Biden has made it easier for migrants to fast-track their way to immigration status. The problem becomes that immigrants are being prioritized over natural-born citizens in the name of diversity but the truth of the matter is companies are able to pay them less.

Another aspect of the skewed jobs data is the growing public sector. The public sector has been multiplying under Biden and has been increasing at the fastest pace in 34 years. These public sector positions are now on the taxpayers’ payroll. The public sector produces absolutely nothing and will not add to GDP growth.  The private sector rose by 4.3% in 2022 before slowing to 2.3% in 2023. These government positions are incorporated in the monthly jobs report as if they were actually contributing to the economy. Government hiring rose a full percentage point from 2022 to 2023 by 2.7%, marking the highest annual increase since 1990. Biden has plans to continue bulking up government agencies, especially as they aim to hunt down citizens for taxes and create social programs to support the increasing number of Americans who are falling beneath the poverty line as well as the 8 million illegal migrants.

Biden has been campaigning on his strong job growth. Well, he highlights the fact that the workforce rapidly grew after lockdown measures were lifted. Federal agencies are not including this information in their data – American workers are being replenished by immigrants and the government is steadily expanding.

Fed Holds Rates – What Tools Are Left?


Posted originally on Jun 13, 2024 By Martin Armstrong

Federal Reserve Eagle

The Federal Open Market Committee unsurprisingly voted to maintain rates at 5.25% to 5.5%. The numerous cuts others were anticipating are completely off the table, as the central bank said there might be one reduction for the year compared with their optimistic tone forecast made in March of three rate reductions in 2024.

“In recent months, there has been modest further progress toward the Committee’s 2 percent inflation objective,” the voting members of the Fed said in their statement. They changed their forecast on inflation from “a lack of” to “modest” progress toward the 2% inflation objective.

Four voting members do not believe the central bank should raise rates at all this year. The central bank continues to exclude food and energy, two of the primary drivers of inflation when creating their summaries and dot plots. They certainly would never include taxation in those figures. The Fed claims there will be multiple rate cuts come next year, but they would never cut rates in the face of war which is completely inflationary and produces nothing.

Raising interest rates can have no impact on demand, as the government will simply borrow more, and the central banks simply have no say. Fed Chair Powell has repeatedly said that government spending is completely unsustainable and the Biden Administration is borrowing against future generations.

I explained in an earlier post why Keynesian Economics is collapsing. That theory was created when the US had a balanced budget and the government was actually expected to repay what they borrow. They still mistakenly believe that the business cycle can be manipulated. There is not much that the Federal Reserve can do at this point in time besides hope and pray for a miracle before that $10 trillion in debt is due to expire this year.

Moore: Biden’s Runaway Spending And War On Energy Has Led To US Economic Calamity


Posted originally on Rumble By Bannons War Room on: June 11, 2024 at 07:00 pm EST

Eight ISIS Linked Illegal Alien Border Crossers Arrested in Philly, LA and New York


Posted originally on the CTH on June 11, 2024 | Sundance

Eight illegal aliens previously released into the U.S. homeland by border officials, were arrested by ICE after the FBI intercepted their communication related to bomb plots and asked DHS to detain them.

Think about this….  DHS released ISIS terrorists into the USA, the terrorists planned terrorism, the FBI intercepted the plans, then asked DHS to pick them up.

One thing is certain, the FBI usually assists these terror plots, but there are lots of awake people looking at the FBI as suspect and sketchy now.

There must have been a massive paper trail, information system, and too many people who knew the background, which led the FBI to considering the group too dangerous to hide/support this time.

Oh, and the bad guys were from the same place the recent Moscow terrorists came from, which makes this even more interesting.

USA – Eight men from Tajikistan with potential ties to ISIS out of central Asia were arrested over the weekend in New York, Philadelphia and Los Angeles, three people familiar with the matter told NBC News on Tuesday.

The suspects had been on the FBI’s Joint Terrorism Task Force radar and were arrested by personnel with the U.S. Immigration and Customs Enforcement, better known as ICE, the sources say.

All eight men crossed through the southern border into the United States and their criminal backgrounds checks came back clean at the time they crossed the border, according to two officials familiar with the matter.

At least two of the men crossed the border in the spring of 2023 and one of those men used the CBP One app, created by the Biden administration to allow migrants to book appointments to claim asylum, those officials say. (read more)

The New York Post also has an article about it – SEE HERE. “The bureau had been investigating whether dozens of migrants from Uzbekistan crossed the US-Mexico border with the help of a Turkish smuggler tied to ISIS.”

That talking point about “fight them over there so we don’t have to fight them here.” …  eh?

Biden Does Weird Stuff Again During D-Day Memorial in France


Posted originally on the CTH on June 6, 2024 | Sundance 

Even the media who notice how dementia seems to be increasing in Joe Biden pretend not to understand the full scale of the problem.   As the Daily Mail describes the awkward moments, they couch their explanation amid soft sentences intended to obfuscate the reality that Biden is impaired and getting worse.

He may not have lost all his marbles, but the hole in the bag is big enough for most to have dropped.  After Biden had his episode and Jill tried to give him directions by covering her mouth, eventually they both just left the stage and French President Macron carried on by himself.  WATCH:

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( Daily Mail Story HERE )

Credit Card Delinquencies Spike Among the “Rich”


Posted originally on Jun 6, 2024 By Martin Armstrong 

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Inflation can be felt at every tax bracket. Federal Reserve Bank of Minneapolis President Neel Kashkari came out this week and said the public “viscerally hates high inflation,” and for good measure. Everyone is seeing the impacts of inflation on their quality of life. Those defined as rich, the demographic one side of the political spectrum believes must be taxed into oblivion, have not come out of this inflationary cycle unscathed, as indicated by a new report from the St. Louis Federal Reserve.

Credit card delinquencies (missing a payment by over 30 days) have been steadily rising across America. The poorest Americans experienced the hardship first, and now those in higher tax brackets are also falling behind on bills. Delinquencies have increased for the last eight to 11 quarters, as indicated by the Fed. Among the poorest zip codes in the US, delinquency rose from 11% in Q2 of 2021 to 17.4% in Q1 of 2024 or 58%. Every region in America has experienced an increase in delinquencies by AT LEAST 32.2% in relative terms.

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“The richest 10% of ZIP codes have experienced the greatest proportional increase; their delinquency rate climbed from 4.8% in the second quarter of 2022 to 7.4% in the first quarter of 2024, or 54% in relative terms,” the Fed noted. “For the poorest 10% of ZIP codes, the delinquency rate increased from 14.9% in the third quarter of 2022 to 21% in the first quarter of 2024, or 41% in relative terms.”

Credit card delinquencies are now exceeding pre-pandemic levels, and the Fed believes this suggests “that a trend which began prior to the pandemic has accelerated.” Discontent will grow as people are forced to stretch their dollars and watch their quality of life decline. The discontentment is fueling this political upheaval and the people can not vote their way out of this current situation because it is becoming apparent that the elections are not fair. We the people have been discarded by our government.

These delinquencies will fall on the banks eventually. The government does not realize that reckless spending and raising taxes has an impact on absolutely everyone. The people who push for more taxes and social programs fail to realize the larger implications.

Interest on US National Debt Hits New Record


Posted Jun 6, 2024 By Martin Armstrong

NationalDebtNYCVBillboard

Government spending has consequences. The US national debt has surpassed $34.6 trillion at the time of this writing and continues to grow every minute. America has never been in a deeper deficit. The Committee for a Responsible Federal Budget (CRFB) has reported that America was forced to pay $514 billion in the first seven months of FY2024 on interest costs alone.

This means that America paid more in servicing its debt than on any other program besides Social Security ($837 billion), which is a separate problem entirely. To put it into perspective, the US shelled out $498 billion on national defense, funding 2.5 wars, during this time. Around $465 billion was spent on Medicare, with an additional $355 billion spend on Medicaid, and neither surpassed the amount paid on simply holding onto debt.

US debt to China Buy Bullets
10 trillion Debt Crisis Default

What can be done when the government refuses to curtail spending? Biden audaciously labeled one of the largest spending packages in the nation’s history the “Inflation Reduction Act,” and expects the people to believe that it has not greatly contributed to the rising costs of goods and services. Every week, Biden signs a new check to Ukraine or a climate change agenda, but no one can stop him from draining the Treasury. Even the Federal Reserve is utterly helpless and can do nothing besides sit back and watch as America spirals down.

Imploding this situation is China’s rightful refusal to purchase US debt. Other central banks see how careless US politicians have become with their spending and question if they ever intend to pay off their growing debt. How could they at this point? No one in Washington has a clue on what to do. Instead, they will continue spending with no concern for the long-term consequences that are inevitable.

Todd Bensman Exposes Biden’s Scheme to Blame the Border Crisis on Republicans


Posted originally on Rumble By Charlie Kirk show on: June 4, 2024 at 2:00 pm EST

Has Jill Biden ever had a conversation with her husband?


Posted originally on Rumble By Charlie Kirk show on: May 31, 2024 at 5:00 pm EST

Brat: Biden’s Mishandling Of The Economy Has Been A Disaster For All Americans


Posted originally on Rumble By Bannons War Room on: May 28, 2024 at 04:00 pm EST