Victoria Nuland’s husband, Robert Kagan, has resigned as the Editor at Large from the Washington Post.
WASHINGTON – […] The Post’s newsroom and editorial team erupted in outrage. Robert Kagan, a neoconservative columnist and editor at large at the Post, resigned in response, he confirmed in a statement to POLITICO. A spokesperson for the Post declined to comment on Kagan’s resignation. (more)
Allow me to take you back two-years, to November of 2023 for a reminder.
CTH ARCHIVES – Everyone in/around U.S. politics knows the Washington Post, owned by Big Tech Amazon, is effectively the PR firm of the Central Intelligence Agency (CIA). No one inside the DC beltway does not understand this basic truth.
Therefore, when the husband of State Dept official Victoria Nuland, a man named Robert Kagan, writes an op-ed in the CIA newsletter, effectively calling for President Trump to receive the Julius Caesar treatment, the non-subtle message is for the CIA to repeat their Kennedy performance and kill President Trump.
As alarming as this acceptance might sound, there are no intellectually honest people who would deny it.
WaPo/CIA – Let’s stop the wishful thinking and face the stark reality: There is a clear path to dictatorship in the United States, and it is getting shorter every day. In 13 weeks, Donald Trump will have locked up the Republican nomination. In the RealClearPolitics poll average (for the period from Nov. 9 to 20), Trump leads his nearest competitor by 47 points and leads the rest of the field combined by 27 points. The idea that he is unelectable in the general election is nonsense — he is tied or ahead of President Biden in all the latest polls — stripping other Republican challengers of their own stated reasons for existence.
[…] Are we going to do anything about it? To shift metaphors, if we thought there was a 50 percent chance of an asteroid crashing into North America a year from now, would we be content to hope that it wouldn’t? Or would we be taking every conceivable measure to try to stop it, including many things that might not work but that, given the magnitude of the crisis, must be tried anyway?
Will those who balked at resisting Trump when the risk was merely political oblivion suddenly discover their courage when the cost might be the ruin of oneself and one’s family? (more)
Victoria Nuland’s husband, Robert Kagan, the Editor at Large for the Washington Post and the man who called for the assassination of President Trump, has now resigned because the CIA newsletter would not endorse Kamala Harris!
Posted originally on Oct 24, 2024 By Martin Armstrong
I reported how the US deficitreached the third-highest on record after surpassing $1.83 trillion. Instead of questioning why the deficit rose 8% in a single year, the government believes that the taxpayers should simply pay MORE into the failing system. Treasury Secretary Janet Yellen declared that she is not concerned about the widening deficit. Why? The Internal Revenue Service will hunt down citizens to close the gap.
Yellen said that IRS agents plan to collect $2 trillion in unpaid taxes, surpassing the measly deficit. I do believe some think that statements like this mean the government is going to hunt down major corporations and billionaires. That would not be ethical either, but records show that the main group audited last year was the middle class. This way of thinking is extremely dangerous. The US government is desperate for funds and they MUST shake down their citizens to recover what they can. It’s a canon event in the rise and fall of civilizations – soaring taxes are a guarantee when dealing with the eventually fall of a nation.
“By making sure that we stay on a sound fiscal path and that does require deficit reduction over the coming years,” Yellen said. “I believe it’s very important that we remain focused on keeping the real net interest cost of the debt near historic levels and certainly under 2%.” Yellen praised the Biden-Harris regime for “giving the Internal Revenue Service the resources that they need to close what is estimated over the next decade to be a $7 trillion tax gap.”
The Inflation Reduction Act was never intended to reduce inflation or HELP Americans. Yellen said earlier that the act was passed to push forth climate change iniatives which are all a ploy to collect more taxes and control the global population. IRS Commissioner Danny Werfel praised the Inflation Reduction Act for giving the IRS the ability to hunt absolutely everyone. “With the help of Inflation Reduction Act funding, we are adding focus and resources to areas of compliance concern, including high-income and high-wealth individuals, partnerships and corporations,” Werfel said.
They call it underpayment. Even if you pay your taxes, they will punish you for paying too much or not enough. Either way, the IRS can successful extort money from any American. The Treasury declared that they “recovered” $1.3 billion in taxes last year rom the “wealthy.”
Last year, billionaire class was not targeted, as 80% of all audits were on filers earning under $1 million. Yes, there are far more taxpayers in the middle and lower brackets. However, the IRS merely claimed they would prioritize hunting higher earners; they never explicitly said they wouldn’t come after ALL Americans.
The entire hunt for taxation has been a war on the middle class, who is unable to file massive write-offs and cannot afford to continue paying Uncle Sam on every incoming and outgoing transaction, plus savings, income, and everything else from birth to death. Washington effectively lowered our purchasing power by fueling inflation through absurd fiscal and social policies, and now they are asking people to give them even more of whatever money that remains. Washington continues to spend taxpayer funds on initiatives that the people have never once voted on.
It will become far easier for governments to extort the people when they introduce CBDC. Uncle Sam will think you have hidden any cash on hand from him, cash that belongs to him, once they force us to digitize our dollars. They are also thinking of new ways to shake down the public. A tax on realized gains would destroy absolutely everyone. It is completely absurd that those in power believe the people could cover their spending. No one stops to take accountability. There are simply NO mirrors in Washington. Inflation will continue to rise above GDP and we will enter a period of stagflation. This is why I have warned countless times that private and tangible assets are a safer bet compared to cash as we move into 2028.
Posted originally on Oct 24, 2024 By Martin Armstrong |
The Internal Revenue Service (IRS) released new tax bracket information for 2025. Most tax thresholds increased by 2.8% compared to 2024. The report, released ahead of the election, claims these changes will prevent “bracket creep” where inflation propels taxpayers into higher brackets. However, the tax breaks imposed under former President Donald Trump come to an end after 2025 if no action is taken and this could be the lowest tax season for many years to come.
The bottom 10% level now applies to those earning up to $11,925 for single filers and $23,850 for married couples filing jointly. The top 37% rate covers incomes over $626,350 for single filers and $751,600 for married couples filing jointly. The standard deduction has risen to $15,000 for single filers, up from $14,600 in 2024, while married couples can claim $30,000, up from $29,200.
The 2.8% modification for 2025 is less than the inflation adjustments made in recent years when we saw an adjustment of 5.4% in 2024 and 7.1% for 2023.
Now, the Tax Cuts and Jobs Act (TCJA) of 2017 enacted by Trump will expire next year if Congress fails to take action. If this legislation expires, we will revert to pre-2017 tax levels. The media highlights that the dreaded rich would be forced back into a 39.6% tax bracket compared to the 37% they now pay, but everyone could see a sharp rise in the money they owe Uncle Sam.
The state and local tax (SALT) deduction would also expire. This program currently places a $10,000 cap on state and local tax deductions. State and local governments would have the ability to raise taxes if this is repealed. Some agencies estimate reversing this measure would up federal revenues by $1.1 trillion over the next decade – they’re eager to destroy this provision.
A reversal of TCJA would bring standard deductions down to $16,525 for joint filers and the personal exemption rate would be $5,272. Small businesses were awarded a 0% deduction under TCJA for S-corporations, sole proprietorships, and partnerships. Twenty percent is significant for small businesses that are largely struggling to stay afloat in this economy.
Trump’s tax plan actually increased the child tax credit, doubling it from $1,000 to $2,000 not adjusted for inflation. Brookings Institute believes that repealing this measure would make the real value of this credit 25% lower than 2017 due to inflation.
Estate tax exemptions doubled under Trump’s tax plan. If this measure dies the exemption will be about $14.3 million for married couples and $7 million for individuals.
The government will become more totalitarian as it sees costs rise significantly in the face of war. Per usual, the people of the United States will be expected to foot the bill. The last revolution began through taxation. It is a matter of time before we see how the next one begins.
Marginal tax brackets for tax year 2025
Single filers
The table shows the income brackets for married couples filing jointly for the 2025 tax year.
Taxable income
Tax rate
$11,925 or less
10%
$11,926 to $48,475
$1,192.50 Plus 12% of amount over $11,925
$48,476 to $103,350
$5,578.50 Plus 22% of amount over $48,475
$103,351 to $197,300
$17,651 Plus 24% of amount over $103,350
$197,301 to $250,525
$40,199 Plus 32% of amount over $197,300
$250,526 to $626,350
$57,231 Plus 35% of amount over $250,525
$626,351 and above
$188,769.75 Plus 37% of amount over $626,350
Source: IRS
Marginal tax brackets for tax year 2025
Married filing jointly
The table shows the income brackets for married couples filing jointly for the 2025 tax year.
Posted originally on Oct 24, 2024 By Martin Armstrong
Defense Secretary Lloyd Austin confirmed yesterday that North Korea has deployed troops to Russia. “That is a very, very serious issue and it will have impacts not only in Europe, it will also impact things in the Indo-Pacific as well,” Austin warned. Zelensky is now panicking as two nations with nuclear capabilities are fighting against Ukraine.
North Korea denies the allegations. “My delegation does not feel any need for comment on such groundless stereotyped rumors,” a North Korean representative to the United Nations said during a U.N. General Assembly session this week. Kremlin spokesperson Dmitry Peskov said there is a lot of “contradictory information” spreading. “This should not cause anyone any concern, because this cooperation is not directed against third countries,” Peskov added.
South Korea is eager to aid Ukraine, with South Korea’s National Intelligence Service believing 3,000 troops have been deployed, with an additional 10,000 North Korean soldiers expected to arrive in Russia before the end of the year. Zelensky believes two brigades each composed of 6,000 North Korean troops have already made their way to the battlefield.
Russian Foreign Ministry spokesperson Maria Zakharova warned Seoul “not to fight in anti-Russian hysteria, but to think about the consequences for the security of South Korea, which could lead to the entry of the Republic of Korea into the Ukrainian conflict, if such decisions are made.” Yet, South Korea said the involvement of its northern enemy gives it the green light to begin heavily arming Ukraine.
Meanwhile, Zelensky is blaming NATO. “My position is very clear. We gave away our weapons but got nothing in return. Only a full-scale war and death. Therefore, today we have only one way out. We need NATO because we don’t have weapons that can stop Putin,” Zelensky said, later adding that he had asked both Trump and Biden for additional assistance since the US is the primary donor to NATO. “We gave up our nuclear weapons. We did not get NATO. I asked them if you could name me other allies or another ‘security umbrella’, some security measures and guarantees for Ukraine that would be commensurate with NATO. No one could tell me,” stated Zelensky. What would a “security umbrella” entail here? His Victory Plan banks on the total annihilation of Russia.
North Korea may be a small, hermit kingdom, but it has an army of 1.2 million troops. Earlier in the month, North Korea denounced NATO’s condemnation of military cooperation between North Korea and Russia, warning that the entity could face “tragic consequences” if it continues to pursue an anti-North Korea stance. “NATO, no more than a tool of the U.S. for war, slandered the intensified legal cooperation between independent sovereign states while distorting the essence of the Ukrainian incident,” an unnamed ministry spokesperson was quoted as saying by the Korean Central News Agency.
I mentioned in an earlier blog post theECM cycle for North Korea. North Korea recently removed all verbiage of reconciliation with the south from its Constitution. South Korea is absolutely enraged at this recent revelation and is eager to retaliate. Llyod Austin’s statement about North Korea’s involvement impacting the entire Indo-Pacific region should not go unnoticed as China may be the final player who must become involved to spark World War III.
Posted originally on Oct 23, 2024 By Martin Armstrong
“Neutral like Switzerland” can no longer be a saying as the Swiss government has announced it is joining the European Sky Shield Initiative (ESSI) to develop a shared missile defense system across Europe. Switzerland is neither an official member of the European Union nor a member of NATO. Yet, the nation forfeited its neutrality stance years ago as Swiss leaders continued to adopt globalist rules.
The ESSI was initially proposed by Germany in 2022 amid the Russia-Ukraine war. The program will integrate with NATO’s Integrated Air and Missile Defense (IAMD) to enhance Europe’s air defenses. The powers that be know war is on the horizon, but they are betting on most of Europe continuing to fight on the same team. Armament chief Urs Loher has signed the memorandum of understanding (MoU), officially making Switzerland the 15th nation to join this coalition.
Switzerland claims that the MoU does not force it into any binding obligation as the government may choose its level of involvement. The Swiss government also claims that it may withdraw from the ESSI if any member becomes involved in a war. “With its participation in the ESSI, Switzerland is increasing international opportunities for cooperation: ESSI enables better coordination of procurement projects, training and logistical aspects in the area of ground-based air defense,” the government noted in a statement. The initial project will protect Europe against medium-range missiles, but naturally, the plan is to accelerate this technology.
Switzerland lost its tax haven status years ago when it began offering up banking information to foreign governments. Switzerland completely capitulated its historic safe-haven status to the entire world. The country was born from a tax revolt against the Hapsburg dynasty in Austria. The tax collector made William Tell to shoot an apple off his son’s head with an arrow. Switzerland then remained neutral in war and religion, serving as a safe haven for those who would be religiously persecuted. All of that is now gone.
In 2015, the Swiss Senate passed a resolution to exchange ALL information on anyone who has any assets in Switzerland. They have surrendered their sovereignty to this worldwide effort to destroy the entire global economy because politicians can never run any government efficiently.
Of the nation’s three main sectors, the tertiary sector is the most important for the Swiss economy. It includes banking, insurance, and tourism, employing more than 75% of Switzerland’s workforce. Over a fifth of the working population makes up the secondary sector, i.e. industry, trade, and crafts. The machine, metal, watch, and textile industries play a significant role, as do the chemical and pharmaceutical industries, which rely heavily on imports and exports. By far, banking was a major sector at the top of the list.
The Swiss economy was built on its banking expertise and security. That is now gone in the age of hunting cash globally. Consequently, the economy of Switzerland lost its primary competitive advantage economically. Now it must develop industries that are competitive globally. It needs more than chocolate and Rolex watches.
Yet, we saw over COVID how tyrannical the Swiss government has become though countless regulations and threats to imprison any dissenters. They even outlawed singing in public in the name of COVID simply to see how far they push the masses. It comes as no surprise as the nation is part of the globalist agenda for the Great Reset and Agenda 2030. They toyed with the idea of imprisoning citizens for heating their homes in the name of climate change, as one example. Swiss authorities have utterly change the demographics of their country by permitting mass migration as the population surpassed 9 million for the first time in history.
Then, the Swiss government was eager to aid Europe’s proxy war in Ukraine and placed sanctions on Russia. “Russia’s military aggression against Ukraine is a serious violation of the most fundamental norms of international law and is without precedent in recent European history. Within the scope of its political room for manoeuvre, the Federal Council took this into account in its decision to join the EU sanctions,” the government stated. Is that neutrality? If someone loaded your enemy’s gun, would you consider that person to be neutral?
Switzerland continues to claim neutrality. “Neutrality is not set in stone; on the contrary, it is an instrument of foreign, security and also economic policy that must be adapted to the prevailing political climate. The Federal Council has in the past regularly examined and adapted its understanding of neutrality; for example, it did so through the neutrality report of 1993. The war in Ukraine is challenging the existing international and, above all, European security order,” states the Federal Department of Foreign Affairs (FDFA).
Russia already sees that Switzerland is aligned with the West and rejected the nation’s offer to mediate peace talks in 2022. Switzerland has managed to maintain neutrality for 500 YEARS. The globalist neocons who infiltrated all government cabinets have compromised Switzerland and are stripping it of everything that once made it a great nation.
Posted originally on Oct 23, 2024 By Martin Armstrong
The United States Treasury reported a $1.833 trillion budget deficit for the fiscal year ending September 30. This marks the third-highest deficit on record, but it is solely due to government spending. The highest deficit happened in 2020 during the disaster of COVID, and second behind is the clean-up year of 2021 when the deficit dropped to $2.772 trillion. Bidenomics is nearly as harmful as global one-in-a-lifetime disaster.
The deficit widened 8% or $138 billion from the reported $1.695 trillion in 2023. The department stated that a large chunk of spending went to the reversed decision to forgive $330 billion in student loans after the Supreme Court declared Biden’s attempted bribe to young voters unconstitutional. Democrats are now blaming Republicans for “tax cuts that led to low revenue levels that increased the debt.” Their spending is always our cross to carry, and we will inevitably be punished through taxation.
The government is to blame on both sides. We are funding three major wars yet claim we are not a nation at war. America spends as if it has endless money. Why? Because the US Treasury knows it can never pay off all its debt. It doesn’t intend to pay it off and it is highly likely they let the reigns loose long ago since the actual number matters not. Now we are being crippled by the interest alone on these debts. There was a 30% annual increase in spending on interest alone on the public debt. The government spent $890 billion on interest alone. For reference, the US defense budget was $866 billion last year. Interest rates rise in times of war, sinking the nation further into debt. Again, this is not isolated to America as we will see defaults cripple both nations in Asia and Europe before reaching American soil, hence the capital movement into US equities.
Posted originally on Oct 22, 2024 By Martin Armstrong
I am sick and tired of all the constant lies. The Biden Administration blames Trump for its $1.8 trillion deficit. The interest expenditures will be about $1 trillion alone. Now, if you just accept that at face value, you are part of the problem when the United States will crash and burn. This makes it sound like tax revenues have declined. In 2020, the last year of Trump’s presidency, the total tax revenues collected were $3.42 trillion. In 2023, the revenues taken in from taxes was $4.4 trillion. And the U.S. government now estimates its total revenue will be $5.49 trillion for fiscal year 2025.
If we confiscate 100% of the top 10 wealthiest people, according to Forbes, we would get $1.5 trillion, but that still will not eliminate the deficit. It would destroy all of those companies, create huge unemployment, and wipe out our countless pension funds, But hey. They are the problem, and they are never the politicians who are off to rob others and hand it to you for your vote.
Since the war with Russia began in February 2022 during Biden’s Administration, he has pushed for a total of $175 billion. Interestingly, $106 billion directly aids the government of Ukraine, while the balance funds “various” U.S. activities associated with the war in Ukraine, namely overthrowing the Russian government and surrounding countries. This is never documented or fully explained. Thus, Ukraine accounts for about 10% of Biden’s deficit.
But hey! This is all Trump’s fault for not raising taxes back to 94% as they were for World War II, 91% for Korea, and 70% for Vietnam. If we look at the accumulative interest expenditures and war, about 70% of the national debt has been for playing policeman of the world. This has NEVER benefited the people.
They always say to tax the rich. As I said, if you take ALL the assets of the top 10 billionaires, you would NOT eliminate this $1.8 trillion deficit. But that is just the tip of the iceberg. They changed the definition of who the rich are. Before World War II, the definition of the rich was $5 million, while a Cadillac was $600. The began to raise it to $250,000 a year, but then it was clarified as “household” income. So, if you and your wife combined were at $250,000, you were that horrible, evil, greedy rich person they need to shake upside down to get every penny in your pocket.
Once upon a time, it was theorized that if the government borrowed, it would be less inflationary than printing. But those days are gone. That is when it was illegal to borrow against government debt. Today, debt is just money that pays interest the same as it was during the American Civil War.
If we add each year the total interest expenditures, you will see that generally, about 70% of the national debt is based on just interest, as we will reach $1 trillion this year. Guess what? China holds about 10% of the US national debt, so interest is going to China, but it does not stimulate the US domestic economy. We should stop borrowing, for it would be cheaper and less inflationary if we just printed to cover the deficit rather than borrow. Then, capital will lend to the private sector, and we will see a huge economic boom. Things have changed in economics – it is about time we recognize Keynesian Economics has failed.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America