Tag Archives: Terrorism

Dec 11 2023

American Wealth Declined in Q3


Posted originally on Dec 11, 2023 By Martin Armstrong 

Debt Burden

According to a recent Federal Reserve report, US household wealth experienced a significant decline in the third quarter, largely attributed to deep stock losses. The central bank’s report revealed that household net worth fell by approximately $1.3 trillion, or 0.9%, from July to September, amounting to $151 trillion. The decline was primarily driven by a $1.7 trillion drop in the value of equity holdings.

This comes after a volatile year for the stock market, with all three major indexes experiencing a significant downturn in mid-2023. While the market has since recovered, the report also indicated a continued rise in household debt, which increased at a 2.5% annual rate in the third quarter. The decline in household wealth has raised concerns about its potential impact on consumer spending, borrowing, and investing, as well as its implications for the broader economy.

American Dream

Americans living off credit began pulling from their 401K accounts early during Q3. Hardship withdrawals rose 13% in the beginning of June after already being 27% higher than January. Hardship withdrawals allow employees to pull money out of their 401K for an “immediate and heavy financial need.” No one would recommend doing this unless the situation was dire as individuals must show evidence that the money will be used for a major hardship in order to avoid the 10% early withdrawal fee imposed for those under 59.5.

The year 2023 marked the first time personal credit debt surpassed $1 trillion. Credit card interest rates average 24.56%, according to LendingTree. Credit cards aside, American households are carrying $17.29 trillion in various forms of debt, with the average household hosting $103,358 in debt that continues to compound.

Dec 11 2023

India Sets Export Restrictions on Popular Ingredient


Posted originally on Dec 11, 2023 By Martin Armstrong 

India 12 2020 Protest Farmers

Onions are the latest food staple facing extensive export restrictions in an effort to control domestic prices ahead of India’s 2024 national election. The Indian government has banned the export of onions until March 31, following similar measures for wheat and rice. These actions aim to boost domestic food supply and shield consumers from rising costs.

The nation is also restricting the usage of sugar cane juice in biofuel production to grow its reserves.  The nation has also curbed wheat and rice exports in recent years and imposed significant duties. The restrictions have led to concerns about food inflation, prompting the government to take steps to stabilize the food supply.

The current food inflation rate in India is 6.61% as of October 2023, according to the Ministry of Statistics and Programme Implementation. This marks a slight decrease from the previous month’s rate of 6.62%. The cost of food in India increased by 6.61% in October 2023 compared to the same month in the previous year. The inflation rate for food in India is expected to be 5.90% by the end of the current quarter, but the government is preparing for higher food prices GLOBALLY.

As for the central bank, the Reserve Bank of India’s decision to leave its key policy rate unchanged has raised worries about higher food prices. The average retail prices of onions, rice, sugar, and tomatoes in India have seen noteworthy increases compared to the previous year.

Dec 11 2023

U Penn Loses Millions in Funding After Hamas Rallies


Posted originally on Dec 11, 2023 By Martin Armstrong 

U Penn is the latest American university to lose a major donor due to misled students supporting Hamas. American universities were the first to promote the woke agenda and far-left policies. Hence it is not surprising to see privileged kids ripping down American flags and replacing them with the Palestinian flag. Hedge fund manager and former U Penn alumni Ross Stephens is now rescinding $100 million in funding from the school after the school refused to condemn pro-Palestine protests.

School President Liz Magill attempted to enact damage control after Steven’s announcement but it was too late. Ronald Lauder, heir of Este Lauder, also sent a letter to President Liz Magill criticizing the Hamas rallies on campus. “You are forcing me to reexamine my financial support absent satisfactory measures to address antisemitism at the university,” Lauder wrote.

QueersforPalestine

Another billionaire, David Magerman, also penned Magill to advise her to seek donations elsewhere. “I am deeply ashamed of my association with the University of Pennsylvania. I refuse to donate another dollar to Penn,” he stated before saying he will “refuse to donate another dollar to Penn.” Then billionaire Jonathon Jacobson threatened to send Magill a mere $1 per year until she leaves office “and the Board of Trustees grows the backbone to fulfill its mission, which is to govern the university according to the principles upon which it was founded.” Even the former governor of Utah, Jon Huntsman, condemned U Penn for remaining silent and pledged to cease donations.

This is happening at schools across America. As hedge fund billion Leon Cooperman said before pulling funding from Columbia University, “I think these kids at the colleges have s–t for brains.” Unfortunately these same protestors may find themselves on a battlefield one day. The school system corrupted the youth and diluted their minds with this alternate reality  where Palestine loves the gays and American capitalism is responsible for the world’s problems.

Dec 10 2023

The Morning Soup Kitchen Line in Milan


Posted originally on Dec 10, 2023 By Martin Armstrong 

Dec 10 2023

The French Know How to Protest


Posted originally on Dec 9, 2023 By Martin Armstrong 

Of course, if the American farmer did that in Washington, they would be called domestic terrorists or insurrectionists and either shot and killed on the spot or imprisoned for 10 years since taking a selfie in the capital building was a 5-year offense. The Constitution has been reinterpreted to the land of the free really means the government is FREE to do whatever it wants to us – the scum at the bottom of the pond – the Great Unwashed.

Dec 9 2023

End Wars, End NATO, NO Corporate Climate Agenda and NO Vaccine Mandates…Surprising Convo W/ 2024 Candidate Jill Stein


Posted originally on Rumble By Kim Iversen on:Dec 8, 9:00 pm EST

Dec 9 2023

The Ukraine/Zelensky Narrative Collapses. TikTok Permanently Bans our Show. INTERVIEW: Lee Fang Exposes Israeli Propaganda Op & Rapper “Lowkey” on Israel-Gaza | SYSTEM UPDATE #195


Posted originally on Rumble By Glen Greenwald on:Dec 8, 7:00 pm EST
Dec 9 2023

Tucker Carlson Interviews Alex Jones


Posted originally on the CTH on December 8, 2023 | Sundance 

An amazing and long-awaited interview between Tucker Carlson and Alex Jones, the second most targeted and deplatformed American citizen; with the first being Donald J Trump.  {Direct Rumble Link} Well worth watching the full 90 minutes.

TIMESTAMPS: 2:46 Alex Jones predictions, 15:07 Deplatforming, 21:59 Dividing us on race, 25:37 The border, 28:09 Austin, 32:12 New World Order, 42:09 Brian Stelter demon video, 50:57 Depopulation, 1:07:51 Food, 1:13:51 Whiskey, 1:16:22 Presidential election.  WATCH:

Dec 8 2023

Congestion Taxes Coming to NYC


Posted originally on Dec 8, 2023 By Martin Armstrong 

NYC Myopic View

The Metropolitan Transportation Authority (MTA) believes that taxation could decrease traffic congestion in New York. Vehicles will be charged an additional $15 daily to enter Manhattan from 60th Street or below, while trucks will face a fine between $24 and $36. New York Gov. Kathy Hochul strongly backs the measure as she believes it will help to clean up New York.

“Congestion pricing means cleaner air, better transit and less gridlock on New York City’s streets and today’s vote by the MTA Board is a critical step forward,” Hochul commented. As a reminder, New York City just voted to slash funding for sanitation. It is not an exaggeration to say that the city is overrun with rats. The police budget is declining by $5.6 billion as well at a time when crime is through the roof and the city’s infrastructure is crumbling as busloads of illegals arrive daily.

Do they want to utterly kill the leisure and hospitality industry? As a previous resident of New Jersey, I saw the tolls into New York rise over the years. It now costs a good $20 in tolls simply to cross into the state, and parking fees in the city are some of the highest in the nation. Now you have to factor in an added daily congestion fee and it will cost the average person a good amount simply to enter Manhattan.

Obviously they want people to rely on public transportation as the coming 15-minute cities will not require personal vehicles. Taxis will charge passengers an extra $1.25 to meet the toll while Uber and Lyft plan to implement a $2.50 fee. People earning under $50,000 annually can apply for a discounted rate only after their first 10 trips per month.

They’re banning coal and wood ovens so there will soon be no reason to stop in the city for a slice of pizza or world famous cuisine. Former grand hotels are now migrant camps and thousands of undocumented military aged men are scattering the streets. Crime is rising and Soros-backed DAs won’t allow criminals to be prosecuted. The people of New York will never see the money derived from this new tax. Yet another reason why I will never return to NYC.

Dec 7 2023

WHO Proposes Global Tax Increase on Unhealthy Beverages


Posted originally on Dec 7, 2023 By Martin Armstrong 

WHO World Health Organization Flag

Permitting health agencies to dictate what we can and cannot do is a slippery slope. These health agencies, such as the World Health Organization, work on behalf of their donors who support lobbying interests. For example, numerous health agencies began telling people to consume less meat after the plans for the Great Reset were formulated. Now, the WHO believes governments globally should place a higher tax on sugary and alcoholic beverages.

There is no denying that alcohol is dangerous. The WHO estimates that 2.6 million people worldwide die from ethanol each year. The pandemic that the WHO also supported increased alcohol usage and deaths involving alcohol spiked over 25% from 2019 to 2020. In fact, alcohol killed more young people than COVID itself. However, government agencies do not need to parent the taxpayers. Prohibition failed miserably, and prohibiting or increasing taxes on a product will not decrease demand. Additionally, the WHO wants to impose these tax rules worldwide. Wine is a staple in many European diets and a number of countries do not tax the beverage at all. The WHO wants that to change.

“Taxing unhealthy products creates healthier populations. It has a positive ripple effect across society, less disease and debilitation and revenue for governments to provide public services,” said Rüdiger Krech, the WHO’s health promotion director. “In the case of alcohol, taxes also help prevent violence and road traffic injuries.”

soda

Only 108 of the 194 member states have implemented a tax on sugary beverages. The WHO believes 8 million deaths per year could be saved if people ate healthier diets. SSB (sugar-sweetened beverage) taxes account for “just 6.6% the price of soda.” The WHO does not state how high the tax should be on these products but believes higher taxation should be universally adopted.

The agency admits that poor people will be unfairly targeted by these taxes as they typically choose the cheapest option available. The average tax on beer is 17.2% and 26.5% for spirits. “A pressing concern is that alcoholic beverages have, over time, consistently become more affordable,” WHO Assistant Director-General Ailan Li said. “But increasing affordability can be curbed using well-designed alcohol tax and pricing policies.” Why not look at past RECENT examples to see the consequences?

The money earned from the proposed tax increases would never see the hands of the people. Agencies like the WHO only exist to push an agenda on the masses and they do not care about public health. I do not want to know my recommended daily insect protein intake. I do not want to pay triple the cost for the foods deemed “unhealthy” by an agency that was never elected.