Supplemental Poverty Measure on the Rise


Posted originally on Sep 19, 2024 By Martin Armstrong 

poverty

The latest Supplemental Poverty Measure (SPMfound that at 12.9% of American households currently rely on government assistance, up from 12.4% one year prior. The figure was at 11.8% in 2019 and has risen every year under Biden-Harris. The data only factors in US households and not the tens of millions of illegal aliens who also rely on US government handouts.

Around 42.8 million Americans were in poverty in 2023, up from pre-pandemic levels of 38.3 million. We saw poverty levels decreased during 2020 and 2021 when the US government was providing nearly everyone with some sort of assistance to combat wages lost from COVID lockdowns. Those measures simply contributed to inflation and made it harder for those in poverty to move on without government aid.

The SPM factors in tax credits, noncash benefits, social insurance, and market income minus nontax expenses. If only factoring in market income net of necessary expenses, the number of Americans in poverty swiftly rises to 77.8 million. Social insurance programs are now factored into these resources so the data has declined by 28 million, and the addition of SNAP and noncash benefits reduced the figure by another 6.6 million. This certainly does not mean there are less impoverished people living in the wealthiest nation in the world.

Data can be manipulated easily to portray a strong economy. Simply put, more Americans have fallen into economic decline in recent years under Bidenomics. The data would be unbelievable if they actually took into account the migrants who are also living on government aid, and receiving more in aid than Americans citizens who paid into the system.

Countries Grow Weary of United Nations


Posted originally on Sep 17, 2024 by Martin Armstrong

UNFavorability2024

The majority has always accepted the United Nations as a world governing force. Sentiment may be changing according to a new Pew Research Center survey that found support for this global conglomerate waning across the globe.

Of the 35 countries surveyed, 58% still have positive sentiments about the organization, but 31% see it as a negative power. Unsurprisingly, nations in the Middle East, like Israel, no longer support the alliance, but we are seeing declining confidence everywhere. Israel has long held unfavorable views, with 72% holding unfavorable views of the UN; 82% of Jewish Israelis now harbor resentment for the UN compared to 53% of Arab Israelis. Support among Israelis has fallen by 21% in the past year, and of course, the reason goes without saying.

Yet, this phenomenon has expanded everywhere, with over half the people in Japan, Greece, Tunisia, and Turkey falling out of favor with the organization. Support for the United Nations fell by 10 points in the United Kingdom, with 62% of Brits seeing the organization favorably compared to 72% one year ago. Mexico, South Africa, and France all experienced a 9% drop in confidence, with Germany down by 8% and South Korea, America, and Australia all reporting a 5% drop. Only Hungary (15%) and Argentina (6%) expressed increasingly positive views.

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Perhaps the people no longer see the United Nations as a neutral entity meant to play peacekeeper among nations. The world is waking up and realizing that this organization is rapidly growing in power and attempting to form a one-world government. The majority of those in the West have seen their leaders heed domestic policy in favor of international at the insistence of the United Nations, which partners with other global conglomerates like NATO to impose laws on citizens in nations where they simply have no jurisdiction.

The United Nations displayed the extent of their power during the COVID pandemic, and now are championing climate change initiatives and continually calling for governments to submit to their direction. This organization is pushing for the Great Reset with its Agenda 2030.

The International Monetary Foundation (IMF) has been spearheading the push to replace the sovereignty of individual states with a UN-backed global authority that will control everything from our digital identities to the direction nations take in war and trade. Then, they argue that nation-states should begin paying taxes to this entity over individual governments. According to our models, the United Nations, as we know it, will come to an end by 2031 following the old League of Nations.

Dave Brat Warns Of The Public Sector Slowly Taking Over Every Industry, Communism Incoming


Posted originally on Rumble By Bannons War Room on: Sep 13, 2024 at 09:00 pm EST

Essex Police Employs Biometric AI Data!


Posted originally on Sep 13, 2024 by Martin Armstrong |

Those in Essex, England, may have recently seen facial recognition trucks driving through the streets discreetly compiling data. England has long employed CCT cameras to capture criminal activity, but police in Essex are now using advanced biometric data to track each and every citizen.

Essex is using Corsight AI biometric software for its civilian monitoring program. The company has expanded its services across the world. “Our mission is to radically enhance the world of facial recognition technologies while holding ourselves to the highest ethical standards in personal privacy protection,” the Israel-based company states on its website. They can embed their software within existing cameras and track down individuals based on their biometric data.

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The ethics behind such measures present a challenge. Who has access to this wealth of data? Individual organizations in the UK must obtain permission and be transparent about their policies, but no such restrictions exist for the government. We have seen countless data breaches in recent years, with independent hacker groups infiltrating every supposedly secure data center. Civil liberties groups believe the government is infringing upon human rights by spying on their every move, but governments no longer permit individual freedoms.

The last significant law that was passed surrounding these measures was in 2018 when the UK put forth the Data Protection Act that details how personal data may be collected, processed, and protected by law. Naturally, the government claims that they are only collecting data for public safety and will not misuse the technology. The law remains vague and technology has certainly advanced since 2018.

Yet, the UK is calling Corsight AI a victory and citing clean-cut arrests made using the technology. “In Southend, there were also five positive alerts, which resulted in two arrests—one for harassment and one for sexual assault,” police stated. Police claim that Corsight AI is primarily monitoring known offenders, people on watchlists, and “protected vulnerable individuals at risk of harm.” The program claims it “almost instantly” deletes user data if they do not meet the aforementioned criteria.

“Our live facial recognition technology is used to locate people we want to speak to in connection with ongoing investigations and to manage people with court orders or conditions. Criminals cannot think they can walk around our communities without being caught,” claimed Assistant Chief Constable Andy Pritchard calls Essex Police.

UK Biometrics and Surveillance Camera Commissioner Fraser Sampson admits that private companies will have access to user data. “We, the people, are now using sophisticated surveillance tools once the preserve of state intelligence agencies, routinely and at minimal financial cost,” he writes. “We freely share personal datasets – including our facial images – with private companies and government on our smart devices for access control, identity verification and threat mitigation. From this societal vantage point it seems reasonable for the police to infer that many citizens not only support them using new remote biometric technology but also expect them to do so, to protect communities, prevent serious harm and detect dangerous offenders.”

All of this is based on the premise that the government is there to protect citizens rather than treating everyone like a potential criminal.

Other nations will soon adopt this technology that was once reserved for warzones. Israel is using the program in its hospitals to identify deceased victims from the war with Hamas. The Mall of America has employed the service to deter shoplifting but public surveillance measures in the US have been met with a pushback. Paris used the AI service to monitor the crowds at the Olympic games.

The government must tighten its grip on the public as we move into 2032. We have seen the government take tyrannical measures to restrict freedom of speech both in person and online. Now, governments want to track their citizens’ movements, and the public has no say in the matter.

, governments want to track their citizens’ movements, and the public has no say in the matter.

ABC 2024 Presidential Debate – Open Discussion and 9:00pm ET Livestream


Posted originally on the CTH on September 10, 2024 | Sundance

The second presidential debate of the 2024 election year, but the first debate between President Donald Trump and Vice President Kamala Harris takes place tonight in Philadelphia, hosted by ABC News at 9:00pm ET.

The entire corporate media system has been assisting the Kamala Harris campaign to establish a preferential narrative while simultaneously covering Harris’s exit from all prior positions. Harris has been prepping with the Obama team, and she is expected to play the race and gender card as much as possible.

The debate is being simulcast by multiple media outlets, carried on PBS and broadcast on Newsmax as well as other alternative platforms. A few of those livestream options are presented below.

If you are watching the debate, consider this an open discussion thread for your views and perspectives.

Fading Industry in the West as Energy Policy Consequences Surface – The Grey Zone Surge Begins


Posted originally on the CTH on September 10, 2024 | Sundance

For those who have followed my travels, research and granular reviews into the background motives of the multinationals, an article within Politico catches my attention and I hope it may be of value for an enlarged conversation.

At the beginning of my post-COVID economic research, I noted all of the proactive investments by the big multinationals would benefit from a diminishment “western” economic dominance.

Specifically, I noted that if you look at the investment footprint -where the multinational corporations actually put all of that money they have been extracting from the Western consumers, you will see they have spent the past generation investing heavily in the “GREY Zone” within the map below.  With that reality as the backdrop, would the multinationals lose or benefit from the “Build Back Better” agenda that pushed the YELLOW zone into a system of forced drops in the standards of living?

What you will note from the post-COVID “build back better” pushers, also not coincidentally the same interests who pushed the Russian sanction regime, is their investments in the grey zone act as offsets for the current collateral damage.

In essence the multinationals created a win/win.  Their BBB policy within the yellow zone intentionally drives prices higher, while their investments were hedged creating low ‘total cost of goods’ (TCG) manufacturing systems outside the West.  I previously said we should watch this supply chain carefully because from an economic standpoint we (nationalists) would suffer, the multinationals (globalists) would not.

Now, I want us to look at the first indicators of this dynamic – shared through the prism of the Politico article [excerpt below]:

POLITICO – […] Before the [Russia v Ukraine] war, the annual electricity bill was about €80,000. It’s nearly doubled since then, said managing director Christoph Keim, son of the company’s founder, a chemist who got his start after World War II with a company making disinfectants. Prices for customers rose, while profit margins shrank. 

Eventually, costs receded. Relief came. But things didn’t return to their pre-war level. Instead, Keim entered a troubling new normal, where energy prices are double those of overseas rivals.

That reality is slowly eroding thousands of similar companies across Europe’s industrial heartland. Germany, Europe’s manufacturing powerhouse, has fallen into a recession expected to extend through the year’s end. Even global German stalwarts like Volkswagen, a name almost synonymous with the mighty Das Auto itself, are staring at unprecedented plant closures.

More broadly across the EU, output from key energy-intensive sectors like chemicals and steel is declining. Plants are shutting down. Industrial champions are announcing layoffs. (read more)

I hope everyone takes the time to read the full article.  While the context is specifically focused on Europe, the BBB consequences apply to the USA also via Joe Biden and Kamama Harris energy policy.

In essence, it is a self-fulfilling prophecy; one you might note is exactly the preferred outcome of the Barack Obama worldview.  The West spreads the wealth to the Grey zone, then the 3rd world (non west) starts to replace the economic strength of the West because they are not restrained by the insufferable policies of the climate control/energy policy group.

The West ends up in a position where we cannot compete not only on the issue of ‘cheap labor’, the historic problem, but also on the issue of cheap reliable and abundant energy production.

On the financial side, the citizens within the Western Build Back Better zone suffer through inflation and massive losses in stand of living, while the alternative areas gain the benefit of better competitive manufacturing prices.  The multinationals simply shift the area from which they make money.

The “exfiltration of wealth” we have previously discussed, ends up as investment into manufacturing systems we cannot compete with.

The attendees of the World Economic Forum benefit because the multinationals who make up the WEF assembly have prepositioned their assets and investments.  This is being done by design.  None of the downsides to this energy policy affect the WEF bank accounts, the only people who suffer are the citizens forced to pay higher prices and fewer jobs.

This dynamic is not going to stop unless the West immediately reverses course on energy production.

In the biggest of big pictures, as the collective governments of the world are increasingly under the influence of the WEF corporatism model, now you can better understand why so many people are watching the 2024 election and hoping for President Trump to achieve victory.

This reality also underlines our catchphrase, “there are trillions at stake,” while simultaneously emphasizing why this globalist cabal wants to see him eliminated.

Please keep this geopolitical and economic shift in your psyche as you look at all of the machinations taking place within the world of USA politics.  What would the WEF assembly do to retain their intention.  Nothing should be considered “off the table” if you can draw a line from the visible action you can see toward the benefit they would assume.

Baris: Media Resurrects Russia Hoax That Will Push This Country Over The Edge


Posted originally on Rumble By Bannons War Room on: Sep 5, 2024 at 07:00 pm EST

Media Projects Their Proclivity To Pump Propaganda By Re-Igniting Russia Hoax


Posted originally on Rumble By Bannons War Room on: Sep 5, 2024 at 07:00 pm EST

The “Atlanticist” Subset Of The National Security State Deeply Concerned With The Rise Of Populism


Posted originally on Rumble By Bannons War Room on: Sep 4, 2024 at 06:00 pm EST

Will Rate Cuts Help Canada?


Posted originally on Sep 5, 2024 By Martin Armstrong 

The Bank of Canada building

The Bank of Canada voted to cut rates by 25 bps to 4.25%, marking the third consecutive rate cut. Inflation has allegedly slowed to 2.5% as of July, and Governor Tiff Macklem said that was reason enough to drop rates to attract investment.

“If inflation continues to ease broadly in line with our July forecast, it is reasonable to expect further cuts in our policy rate,” Governor Tiff Macklem said in a prepared opening statement. Canada’s GDP grew at a faster rate than anticipated during Q2 after growing 2.1% vs the 1.8% forecast. Unemployment remains high at around 6.4%.

The bank acknowledges that these cuts will not impact the housing market. “With the share of CPI components growing above 3% now around its historical norm, there is little evidence of broad-based price pressures. But shelter price inflation is still too high. It remains the biggest contributor to overall inflation, despite some early signs of easing.”

Will these rate cuts cause any major changes in Canada’s economy? Absolutely not. In 2016 under the Liberal government, the total private debt of the Canadian public exceeded the total national GDP for the first time in history after reaching 100.7%. Canada’s national debt spiked to $1.501 billion USD in March of 2024, a $1.423.3 billion USD increase from March 2023. Gross debt was 117.2% of GDP in 2021, above pre-pandemic levels at 105.6^ in 2019. Half of Canada’s debt comes from the federal government while the other half is from provinces and local governments who have been given the green light to continue spending.

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Canada is deeply indebted and now ranks the third-highest nation in terms of household debt in the worldI reported in July how household debt exceeded 100% of GDP with no signs of slowing under the Trudeau Administration that recklessly spends with no end in sight. Switzerland and Australia are the only nations exceeding Canada’s debt levels. Government debt has SOARED in recent years, now exceeding C$1,139.98. This figure was only C$721.36 billion in 2020 before Trudeau used the pandemic as an excuse to bulk up social programs.

The population of Canada has exploded to the highest level in history thanks to open border policies. Canada, like all the other Build Back Better nations, has the funds to support every foreign interest and war while placing their citizens last. Rate cuts can do absolutely nothing when the government is borrowing against future generations.