House Subcommittee on Fed Weaponization Has Many Potential Approaches – Needs to Narrow Targeting for Optimum Sunlight


Posted originally on the CTH on January 27, 2023 | Sundance

The newly formed House Subcommittee on the Weaponization of the Federal Government has to narrow the focus and make a decision on which of the myriad of examples will best highlight the weaponization issue for the American people.

The U.S. government weaponization of the FBI is clear from the influence operations in elections, to the hiding of the Hunter Biden laptop, to the targeting of parents at school board meetings, to the entirety of what is evident in the Twitter files, domestic social media operations and even the FBI activity in the J6 events.

The FBI issues are widespread and clearly visible. However, only those who have followed the weaponization of the FBI realize the scale.  To the larger U.S. electorate, the FBI targeting remains unknown because the mainstream media has buried it.  Should the FBI weaponization be the primary target of sunlight?

This sets up the context for a monologue and interview by Fox News host Jason Chaffetz and members of the House Committee.  Two segments, first with Michael Shellenberger, then the segment with Harriet Hageman, Mike Johnson and Dan Bishop.  {Direct Rumble Link}  WATCH:

The next segment is with House representatives and committee members Harriet Hageman, Mike Johnson and Dan Bishop {Direct Rumble Link}

The committee republicans are: Darrell ISSA (CA), Thomas Massie (KY), Chris Stewart (UT), Elise Stefanik (NY), Mike Johnson (LA), Chip Roy (TX), Kelly Armstrong (ND), Greg Steube (FL), Dan Bishop (NC), Kat Cammack (FL) and Harriet Hageman (WY). Overall, a pretty solid group with good legal outlooks.

Dan Bishop and Mike Johnson are both strong judicial and courtroom litigators. Chris Stewart a little less so, more formal, but on contracts etc, still good. Darryl Issa knows the narrow curves of the swamp from his former role as House Oversight Committee Chair, so that could be helpful. Thomas Massie, a contrarian constitutionalist, and Elise Stefanik a solid political strategist. Chip Roy, Kelly Armstrong and Greg Steube are good street fighters. Harriet Hageman and Kat Cammack, newer but should be supportive in their own right. This is a pretty solid team.

I think CTH has well outlined the challenges and best hopes we have for the assembly on federal weaponization.

Reminder – The defensive apparatus of the DC political system will likely do everything in their power, individually and with collective assistance, to ensure this committee fails.  The stakes are quite high.  As readers here can well attest, DC politics is an institutional system of purposefully created compartmentalized silos.

The compartmented information silos permit plausible deniability, and this collection of weaponized institutions contains career bureaucrats who view their opposition as the American people.

Example – The Senate Select Committee on Intelligence (SSCI), and every Republican member therein, including SSCI Vice-Chairman Marco Rubio, will make it their willfully blind priority to obstruct any investigation that touches on how the intelligence apparatus of the United States Government is weaponized against the people.

The SSCI is the institution that facilitated the creation of the National Security State.  Any effort to investigate the outcome of that system will make the House investigators adversarial to their colleagues in the Senate.

Additionally, every executive branch intelligence institution, including the DOJ-NSD, FBI, DHS, ODNI, CIA, DoD, DIA, NSC and every sub-agency within their authorities, will do anything and everything to block a subcommittee looking into their domestic activity.

A lot of bad decisions have led to really bad things.  DC does not want those bad things discussed.

Every national security justification that exists, and some that have yet to be created by the DOJ National Security Division solely for the expressed interest of blocking this subcommittee, will be deployed.

Every member of the subcommittee and their staff will be under constant surveillance.  Phones will be tapped and tracked, electronic devices monitored, cars and offices bugged, physical surveillance deployed, and top tier officials at every subsidiary agency of the U.S. government will assign investigative groups and contract agents to monitor the activity of the subcommittee and provide weekly updates on their findings.

The White House, together with the National Security Council, will also backchannel to and from these agencies doing the surveillance.

The intelligence apparatus media will be deployed, and daily leaks from the various agencies to their contact lists in the New York Times, Politico, Wall Street Journal, Washington Post, ABC, CBS, NBC, CNN and MSNBC will be in constant two-way communication for narrative assembly and counterpropaganda efforts.

This is the context of opposition to begin thinking about before anything moves forward.

Additionally, the national security state will demand the House investigation take place on their terms.  They will demand secrecy, national security classification and require House Subcommittee members to adhere to the Intelligence Community terms for review and discussion of anything.

Each agency will not voluntarily assist or participate in the investigation of any of their conduct.  Every official within every agency will do the same; and they will require legal representation that will be provided to them by Lawfare, political operatives skilled in the use of “National Security” and “classified information”, as a justification for non-compliance and non-assistance.  A protracted legal battle should be predicted.

Lastly, anticipate Special Counsel Jack Smith using his position to block the House Subcommittee from receiving evidence.  The House should anticipate that congressional representatives are already under investigation as a result of the authorities granted to Jack Smith by Deputy Attorney General Lisa Monaco {Go Deep}.  The White House and all of the executive branch agencies will use the existing Special Counsel to block House investigation. Heck, that looks to be the primary purpose of the appointment.

As a result, expect the House Subcommittee members to be under constant threat from the DOJ, via the Special Counsel, specifically from DAG Lisa Monaco, with statements that House Subcommittee investigative efforts are “obstructing” a special counsel investigation.  The aforementioned agencies and the Senate Intel Committee will work with the DOJ to use the Jack Smith special counsel as a shield to block participation with the House Subcommittee.

With all of that in mind, what is the successful path forward?

♦ First, everything has to be done in sunlight and maximum transparency, even the planning and organization of the committee construct, purpose and goals.

The committee can have no shadow operations, unknown guiding hands or secrets that can be discovered and then weaponized against the intent.  Sunlight is the best disinfectant.

I know DC has little concept of working like this, but you can train yourself to do it.  You have nothing to hide; however, those who are being investigated have everything to hide.  Do not provide them ammunition by retaining secrets that can be weaponized against you.

As Andrew Breitbart said, be open with your secrets.

Your second cousin Alice will be a source for the New York Times to write about the Thanksgiving dinner three years ago when she heard the “N” word or a tasteless joke about something outrageous.  Every member of the committee and staff need to prepare for a dossier completed by the FBI about them and distributed to the government allies in mainstream media.

Security clearances will be leveraged and threatened as a tool of the national security state to stop the secrecy envelope from being opened publicly.  This will happen; so just anticipate it.  When the security clearance of [insert_name_here] is threatened, go to the microphones and tell the public who is doing the threatening, and why.

♦GOALS – The goal needs to be crystal clear to anyone and everyone who would contemplate assisting.  Yes, there needs to be a legislative intent in order to legally formulate the committee; that’s a no-brainer.  However, the ultimate goal should NOT BE accountability on those who may have perpetrated or supported weaponized activity against American Citizens.  The ultimate goal SHOULD BE for maximum public information, transparency and sunlight about the weaponization as it is discovered.

Let us assume the goal is accepted.  Before moving forward, the subcommittee needs a professional communication strategy in place before the rules, terms and member outlines are structured or made public.

A thoughtful communication strategy so that information can come from the committee to the public without the filtration of a corrupt system that will bend and skew the findings as a weapon against the committee itself.

♦COMMUNICATION PORTAL – Hire a communication staff, and set up a website for the sharing of information directly from the committee to the public.  The daily activity of the committee should be shared publicly in granular detail.  The witness names as scheduled, documents requested, everything that involves the committee activity should be known to the general public. This system should be updated at least DAILY, or as information is compiled.

This communication network should also contain a separate staff assigned to solicit, accept and distribute information provided by the public to the subcommittee.  Yes, you read that correctly, the subcommittee website should be able to accept information provided by the public as it relates to the ongoing committee work.

Crowdsource We The People as research leverage against the much more effective Lawfare operations you will face in opposition.  This means a portal where the ‘open source’ information can be delivered by researchers, many of those on the spectrum, who hold deep knowledge of the information and system processes in the silos.

In the past several years, thousands of documents have been retrieved by FOIA and public records investigations.  Hundreds of experts in the granular details of the DHS, FBI, DoD and DOJ-NSD systems have knowledge that can benefit the committee; you just need a way for them to transmit the evidence/information to you.

That ‘open source’ evidence should flow into the committee portal with address sourcing that allows the committee staff to review and locate it independently.  This avoids the predictable counterargument, from the national security state, that Russia (or foreign actors) is feeding disinformation into the committee.

The documentary evidence will mostly be “open source,” extracted and then cross-referenced from within the multiple silo system the national security state uses as a shield. And the origination of the documents will be traceable and easy to duplicate, thereby providing secure provenance.   The internal staff manager for this inbound portal is critical (think former HPSCI Nunes staff).

Documents found by the committee should then be uploaded to the same communication system (website), permitting the public -especially the autists- to review and then cross reference the committee material; ultimately channeling information back into the committee if important dots connect or puzzle pieces clarify.   Think of this as a massive counter Lawfare operation with hundreds of Deep State subject matter experts assisting the committee.

Witness transcripts should be uploaded within 36 hours of testimony.  Then let the public do the research, background review and dot connecting from the testimony.  If you build it, they will come.

♦ Next, GO PUBLIC with everything.  Do not use the terms and conditions of the secretive administrative state.  Tell the public what you are finding as you are finding it.  You can share information without violating “sources and methods.”   Schedule a media appearance at the 8pm hour twice weekly with a high visibility broadcast media network to provide updates and answer questions.

These scheduled appearances should be in addition to random media press releases and press comments as pertinent information to the subcommittee arrives.   What this means is that you do not wait to produce a 2,000-page final report before releasing the information.  The final report should be an update and summary of all previous findings that have been released to the public along the way.

♦ At the outset, put no rules on media contacts with any subcommittee staff or member.  Counter the darkness that fuels the intelligence community agenda with maximum sunlight and transparency.  Use truth as a weapon against disinformation.  That means no nondisclosure agreements at any part of the process.

Yes, this is radical change in approach, but this is also a radical enemy you are facing.  Playing the secrecy game works in their favor, not yours.  Transparency is your tool, not theirs – use it.

Use truth as a weapon.

Every member of the committee can say anything they want about any of the material or witness testimony they hear during the course of the investigation.  Public hearing or closed-door sessions, it matters not.  The same rule applies.  Committee members are completely free to discuss any findings as the information is reviewed.

The goal should NOT BE accountability on those who may have perpetrated or supported weaponized activity against American Citizens.  The goal SHOULD BE for maximum public information, transparency and sunlight about the weaponization as it is discovered.  This approach makes We The People the accountability portion of the process.  As a result, the next section is again rather groundbreaking….

♦ Every witness to the committee should be granted full legal immunity provided by the House and House Speaker for anything said during the testimony or admitted as being done as part of the evidence fact-finding.  Again, the goal is transparency and openness, not prosecution and accountability.  Use sunlight as a weapon to draw out the truth, then let the American people be the judges of what that truth means when contrasted against the constitution of our nation.

Let me repeat this… There should be ZERO legal liability for any conduct that happened as a part of any witness effort to weaponize the United States government against the American people.  The immunity should cover everything *except* perjury from the witness to the committee itself (ex. Oliver North).   If the witness lies, the immunity evaporates.

Why this approach?  Because (a) it circumvents any issues that might impede testimony, removes hurdles; (b) immunity compels confession, honest sunlight and the urgency of the situation; (c) immunity makes the truth more likely; and finally, (d) you are not going to get legal convictions anyway.   The truth has no agenda.

Another reason for the immunity is because the operation of the subcommittee should be heavily focused on witness testimony, not documents.  The documents can come as part of the follow-up to the witness testimony, but it is the witness testimony needed; the publication of the transcripts then provides the public sunlight.  This is key.

90% of the committee work should be focused on witnesses and questions therein.  Only 10% of the committee work should be seeking documents.   Avoiding the documents shortens the time needed for investigative disclosures and avoids protracted legal battles therein.  If the people on the committee, those who are asking the questions, do not already know the details behind the questions and the locations of the supportive documents, then you have the wrong people on the committee.

Every response to a questioned witness should come with the following question: “How do you know this?”   That is how you will discover the nature of the documents, communications, emails etc that support the fact-finding mission.  “How do you know this” also leads to more witnesses.  Work the issue from the bottom up.   How do you know this; who told you this; why did you do this; what authority guided you; who authorized this approach? etc. etc. etc.

Use fully immunized witnesses to tell the story, then go look for the documents to corroborate the witness statements using the ‘under oath’ transcript as part of the impenetrable subpoena itself; but don’t wait, keep questioning witnesses.

DOCUMENTS – Once you identify the location of documents that would assist the sunlight objective, don’t only rely on the government side of the conversation as the targeted source for retrieval.  If the document contains communication to external parties, ie public-private partnership, then move to gain the documents from the private side, thereby avoiding the roadblocks inside government.

Regardless of the status of the document search, and regardless of whether legal battles will be needed to retrieve those documents, keep moving forward with the witness testimony.  Do not stop committee work just because internal silo opposition is being fought.  Keep working the plan and bringing immunized witnesses, both inside government and outside government, forward for questioning.  Leaders within organizations and agencies are important, but clerks, staff, and administrative aides in/around those same leaders could also provide important information.

This subcommittee approach, along with the people needed, will obviously take more time to assemble.  However, once put together everything thereafter moves at a very rapid pace, which is also part of the strategy.  Flood the information zone with maximum sunlight and keep the opposition off balance.

The goal is sunlight. Rip the Band-Aid off, call the baby ugly and start the process to fix this crap by exposing it. Restore the First and Fourth Amendments, and heal the injury.

From the Church Commission we got the secret FISA court and more tools for violations of our Fourth Amendment rights.  From the 911 Commission we got The Patriot Act, DHS, TSA, DNI and many more violations of our rights and Fourth Amendment protections.   We do not need any legislation as an outcome of the House “Select Subcommittee on the Weaponization of the Federal Government.”

We do not need your legislative help.  All prior legislative help only ended up making things worse.

What we need is a full, uncensored, brutally honest expose’ of how bad things have become and how that system can be dismantled.  The existing constitution is the protection, just remove the stuff that is violating it.

I know this approach is rather different from the norm.  However, if this roadmap seems reasonable, I am certain you will find support from within the silo system that is currently operating, and from people outside the government who will volunteer time and effort to assist.

Summarized: (1) Know the scale of opposition.  (2) Formulate a communication strategy around it and build a website. (3)  Communicate findings by telling the story to the American people as it is discovered. (4) Grant immunity to all witnesses. (5) Don’t wait until the end to generate another useless report that few will read. (6) Make sunlight the motive of the committee. (7) Consider success when the American people can see the problem.  (8) Dissolve any weaponized systems.  (9) Don’t create new ones.

If you tell us the truth, We The People will fix it ourselves.

Yikes – Police Body Cam Footage of Paul Pelosi Attack Released


Posted originally on the CTH on January 27, 2023 | Sundance 

A judge in California ordered the release of the police body camera footage from the attack against former House Speaker Nancy Pelosi’s husband, Paul Pelosi.  {Direct Rumble Link} h/t Gateway Pundit

Within the footage you can see attacker David DePape and victim Mr. Pelosi answering the front door after the police arrive.  Both are holding a hammer as the officer instructs DePape to “drop the hammer.”  At that moment, things get violent as Mr. DePape pulls the hammer away from Pelosi and swings violently at his head. Graphic Video:

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California Wealth Tax to be Applied to Anyone Whoever Worked in the State


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Jan 27, 2023 by Martin Armstrong

Some people have written in and said I am just a Republican and I hate California. Sorry, I consider myself in the middle. I disagree with a lot on the Republican side as well. Simply put, the government should NOT be in the business of trying to manipulate society any more than the Investment Banks have tried to manipulate the markets and when they blow up, they run to the government for bailouts. The fines they get from CFTC ad SEC and just their 10% take of the amount of money they make on such schemes.

California is the absolutely WORSE state to live in. They are so MARXIST you cannot even imagine. They are proposing to create a WEALTH TAX and apply it to anyone who has ever worked in California. You better know that California has been going after people who worked in that state, but then moved to Florida. They then hunt them down and demand state income taxes arguing that they earned that pension while they were in California.

Plain and simple, California is the state from HELL. It views people as its economic slaves. Yes, you are a slave – the property of the state. It does not matter where you have moved to, they view it that you remain their property.  California is out of control. It will NEVER reduce its size, it looks down upon the people as their endless possession. Slavery ended with the Civil War but that was only private slavery. The state has replaced that and it outright claims you are its property. They never heard of no taxation without representation. If you move out of state, you forfeit your right to vote in California. So we have exactly the very same situation that led to the American Revolution – you are taxed under tyranny and have no right to even be heard.

What California has been doing to those who retire out of state, they will do to absolutely everyone who has ever worked in that God-forsaken land of inequity.

Just for the record, you must report every asset you own everywhere in the world, and then you are taxed on that as if it were a property tax. Every year you will be taxed and if your assets declined, that’s your problem. You will be taxed on what the state says it is worth.

The Fed & the Misinformation


Armstrong Economics Blog/Central Banks Re-Posted Jan 11, 2023 by Martin Armstrong

QUESTION: Marty, I was there at your Berlin conference when one of the attendees openly admitted he was from the Bundesbank. He was very open about it. There have been other central bankers at your WEC. I suppose they have to attend just to get a whiff of the trend. Powell has come out and asserted the Fed’s independence and it will not make policy based on climate change. That was very refreshing.  The bulk of analysts still cry about the creation of money at the Fed are insisting that a recession is coming because when the Fed stops printing, we will see a correction worse than 2008. Some call this a confetti party. Many claims to be fed watchers, but have never stepped inside their door. Meeting the people I have at your WEC events, you are always in the center and I can see it is not your opinion but Socrates that they want to listen to for an unbiased view. So will there be a huge correction when this party is over or have the fed watches been talking sophistry with no real insight?

HD

PS: What about a Dubai WEC because the world imposes vaccine passports?

ANSWER: I know, This is the typical myopic domestic view that the Fed is in a very dangerous situation and a wrong move in any direction could cause a financial system meltdown worse than 2008. The argument is that since we have a debt-based monetary system if the Fed stops increasing the money supply this will lead to an economic withdrawal process that will be worse than 2008-2009. Once more, this is only looking at the domestic economy. They live with blinders on and do not see the world around us with respect to the globalization policies that are all in chaos.

Even at Davos in 2003, Alejandro Toledo, then President of Peru, urged the participants to listen to the voices of those protesting outside and to build a bridge with the participants of the Porto Alegre anti-globalization conference. “We must give a human face to the global economy and globalization,” he said. “Managing the economy is not an end in itself, but a means to improve the quality of life. Globalization is meaningless if it does not contribute to reducing poverty all over the world. “ Schwab preaches equality but at the price of Authoritarianism and the loss of individual rights.

The Fed is not between a rock and a hard place domestically. It just made it clear that it is not like the ECB and is not in the climate change business. The Fed is INDEPENDENT and will not be bullied by Biden. The Fed understands that it has become the world’s central bank and its actions in raising rates have had a far greater impact externally particularly in emerging markets because so many other nations issue their debt in US dollars.

The focus is not entirely on the nonsense of the domestic number of the money supply. If a foreigner buys property in the United States, they convert their currency to dollars, and in effect that increases the domestic money supply for that capital now free up cash domestically. The Fed has no control over that aspect and central banks have become aware of this effect which is not taught in economics class and not factored into the doomsday forecasts all based on the same reasoning forever.

All the analysis is constantly based on the Quantity Theory of Money which no longer works in our global economy. That was the foundation of the money theory that emerged with Sir Tomas Greshan who was the agent for the British crown. He saw that when Henry VIII debased the coinage, the value declined in Amsterdam when the exchange rate was solely based upon the metal content of the currency.

All we have ever heard is that the Fed has the power to create money out of thin air. They never explain why the Fed was given that power. You cannot have a fixed money supply as the population increases, then you end up with DEFLATION which is the rise in the value of money. They are married to the argument and nothing you can do will deter them from that saying. During the Great Depression, people hoard their money and do not spend it. That was why the ECB went to negative to try to force people to spend money. You can DOUBLE the money supply but if the people hoard it, you will never create inflation.

Because people hoard their cash, there was a huge contraction in the velocity of money. This resulted in massive shortages and it led to over 200 cities issuing their own money to try to enable a local economy to still function for there was not enough cash to even pay anyone for services.

INFLATION is actually the decline in the purchasing power of the currency as measured against assets. DEFLATION is the rise in the value of money and the decline in the value of assets. The way the term “inflation” is handled today, the government puts the blame on the private sector. During DEFLATION we are blamed for not spending our money.

All this talk about bail-ins and bail-outs misses the point. They act as if they in the end really matter. HYPERINFLATION will never arrive based on increasing the money supply. It arrives with the collapse of CONFIDENCE in the government. Germany imposed a forced loan and confiscated 10% of everyone’s assets in December 1922. Germany lost the war and in 1918 there was a Communist Revolution that led to the creation of the Weimar Republic. The money supply increased 10 fold during 1922 when they were struggling to meet the reparation payments. That undermined the confidence in the government. But it was December 1922 when they confiscated  Note that the hyperinflation took off in 1923 after that forced loan. It was no longer safe to have assets in banks.

This idea that we are headed into so black hole all because the Fed creates money is insane. That misinformation that the German Hyperinflation was all because of printing money was totally absurd and a lie. Once the government stole 10% of everyone’s assets, that was the final straw. They then had to print just to try to cover costs and meet reparation payments.

The Lesson of Germany is seriously distorted and has inflected the view of money supply and inflation which ignores the actions of the government. That is the real issue.

Why I Look at the Dow First


Armstrong Economics Blog/Economics Re-Posted Nov 28, 2022 by Martin Armstrong

COMMENT: Why do you focus on the Dow over the S&P 500 and others?

ANSWER: New analysts claim that the S&P 500 provides a better picture of the markets compared to the Dow. Although the S&P 500 obviously has a larger catalog, the Dow is a direct reflection of international capital flows. Look toward the Dow to see where big money is moving.

The S&P 500 is domestic-oriented, and fund managers and institutions tend to focus on this index. The NASDAQ typically reflects retail, often tech-heavy, and usually does not peak at the same time. Each index offers a completely different perspective. The Dow Jones Industrials is the big money. You will notice that this index leads the way. It is the first out of a key low because it is typically the foreign capital based on currency. You will also notice the Dow tends to top out first because the big money tends to pull out first also due to currency.

Capital is flowing like never before, and the smart money is on the move. Socrates users have access to our capital flow heat map that shows where money is moving in real time. The USD remains the last safe haven, and money is pouring into the US. Look to the Dow for the best international perspective.

Interest Rates Rise will Not be Slow


Armstrong Economics Blog/Interest Rates Re-Posted Nov 13, 2022 by Martin Armstrong

This interview with FXStreet is from 2015. Some are surprised at the consecutive rate hikes, but our models have been indicating for a very long time that rates would rise rapidly. There would be no soft landing. Central banks maintained artificially low rates for far too long and were backed into a corner. They created a problem long ago, and it will cause pain for “some time,” as Powell usually states, for the situation to be under control.

2022 WEC: In the Dollar We Trust


Armstrong Economics Blog/World Economic Conference Re-Posted Nov 8, 2022 by Martin Armstrong

At the World Economic Conference in 2021, the Armstrong Socrates model predicted that 2022 was going to be volatile and chaotic featuring a strong US dollar, a huge move in interest rates, a major bond market decline, fertilizer and food shortages, as well as escalating geopolitical tensions in Ukraine.

What now? Socrates forecast that 2023 will be more volatile and chaotic, featuring violent moves across all markets as monetary and geopolitical tensions and debt problems intensify.

At this year’s World Economic Conference, November 11-13, Martin Armstrong will talk about what’s next for the US dollar and other currencies, the liquidity/credit crisis, as well as price targets for oil, gold, stocks, bonds/interest rates, and stocks.

Give yourself an “unfair” advantage over the markets by joining us at this year’s conference remotely or in person. Meet Martin Armstrong – have your questions answered and get the best roadmap for 2023 and beyond in the investment business.

Halloween Spending Amid Inflation


Armstrong Economics Blog/USA Current Events Re-Posted Nov 1, 2022 by Martin Armstrong

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The National Retail Federation estimated that 172 million Americans spent $10.6 billion on Halloween this year, or $100 per person. Around $1.2 billion went into costumes for children, not to be outdone by adults spending $1.7 billion on their own costumes. Around $710 million was spent on pet costumes as well. Around 67% of consumers handed out candy, 51% decorated, 47% wore a costume, 44% carved pumpkins, and 26% participated in a Halloween party. Halloween spending is back to pre-pandemic levels, but inflation is to blame.

Food, candy, pumpkins, décor – all of these items cost significantly more in 2022, but Americans are still willing to spend. Candy alone is up 13.1% from last year, surpassing food inflation at 11.2%.

This is foreshadowing for the Christmas season, which historically is the most lucrative time for retailers and a big boost for overall GDP. Around 25% of all retail spending occurs in November and December each year, but many have already begun holiday shopping as stores are forced to offer more appealing sales. Retailers who fail to profit in the remaining months of 2022 will be forced to downgrade their forecasts and re-evaluate their businesses in the current economy. Layoffs and store closures are likely, and many retailers have already halted hiring. Americans do not have more disposable income to spend on the holidays, but those who can are willing to pay inflated prices to participate in age-old traditions.

Steve Mnuchin is Not Pretending, States U.S. Economy is Already in Recession


Posted originally on the conservative tree house on October 26, 2022 | Sundance

A lot of people didn’t like Steven Mnuchin as Treasury Secretary, I did.  Secretary Mnuchin was an inside player, a billionaire himself, who worked for the outside team.  He already had a full bank account and carried ‘f**k-off’ money.   That, combined with Wilbur Ross having the same ability, was exactly what we needed to execute the America-First MAGAnomic resurgence.

The U.S. middle-class saw and felt the benefits.  Economic security is national security, at a nationwide and even individual level.  Mnuchin, Ross and Lighthizer constructed that economic outcome guided by the larger strategy of President Donald J Trump.

RIYADH, Oct 26 (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue.

Speaking at Riyadh’s flagship investment conference FII, he said: “I think we’ll probably see a peak of 4.5% 10-year rates.”

“I think you are going to see inflation in the U.S. begin to come under control, it will probably be a two-year period,” he added.

He said the U.S. and China must learn to co-exist. He added that the Middle East’s economic issues need to be dealt with regionally. (link)