Ep. 3433a – Fed Decisions Based On Fake Data,[CB] Manipulated Into Increasing Alternative Currencies


Posted originally on Rumble By X 22 Report on: Aug 25, 2024 at 5:30 pm EST

Ep. 3432a – Manipulation & Lying Is The New Economic Normal, [CB] Says The Time Has Come


Posted originally on Rumble By X 22 Report on: Aug 23, 2024 at 7:15 pm EST

The Buried Lede Of Kamala’s Horrible DNC Speech


Posted originally on Rumble By Charlie Kirk show on: Aug 24, 2024 at 8:30 am EST

Benz: It’s Not Republican’s vs. Democrats, It’s Blob vs. Populism


Posted originally on Rumble By Bannons War Room on: Aug 22, 2024 at 07:00 pm EST

Sketchy Business – Ben Sasse Under Investigation for Financial Issues During University Tenure, DeSantis Calls for Inquiry


Posted originally on the CTH on August 18, 2024 | Sundance

A few weeks ago, former Senator Benn Sasse quit his job as President at University of Florida.  The claimed reason given by Sasse was to care for his wife who has epilepsy, but the timing of things now looks very sketchy.

I’m going to outline the details in real time because this is going to become more critical as Ron DeSantis positions his future ambitions for the White House, again in 2028.

CTH noted a few years ago that Ron DeSantis was positioning for 2024 presidency.  One of the supportive datapoints was a $20 million donation by the Republican Governor’s Association (RGA) to Ron DeSantis {LINK}.  At the time of the donation to DeSantis, Nebraska Governor Pete Ricketts was the RGA chairman.

After the donation was made, Ron DeSantis then used the influence of his office to support Nebraska Senator Ben Sasse for the position of President of University of Florida {LINK}.  As noted by Politico: “Sasse’s sherpa through the university search process was Gov. Ron DeSantis’ chief of staff James Uthmeier, who was put in contact with Sasse several months ago after he quietly expressed interest in becoming UF president.“ (link)

After Ben Sasse accepted the position as UF President, former Nebraska Governor Pete Ricketts then became Senator {LINK}. Nebraska Gov. Jim Pillen announced Thursday that former Gov. Pete Ricketts will fill the Senate seat of Ben Sasse, who officially resigned from Congress this week to return to academia as president of the University of Florida.  Ricketts, a Republican, like Pillen and Sasse, will serve two years ahead of a 2024 special Senate election.

The quid-pro-quo was complete.  DeSantis took the $20 million from Chairman Ricketts, then opened the path for Ricketts to move to the Senate by using his office to support the movement of Senator Sasse.  Despite the activity taking place over 2 years, the sequence of it was transparent to those who paid attention.   However, now comes the problem.

Apparently, Ben Sasse knew there was going to be a serious problem with his first-year conduct in office as UF President.  Ben Sasse announced he was quitting the job a few weeks ago {LINK}, and now comes the background issue:

WASHINGTON DC – Gov. Ron DeSantis (R-FL) has called for an inquiry into former University of Florida President Ben Sasse’s expenses following a report from the school’s student newspaper about spending tripling under his leadership.

Sasse reportedly spent $17.3 million in his first year as president of the university, which was up from the $5.6 million his predecessor, Kent Fuchs, spent in his last year. A majority of the spending came from big contracts with consulting firms and high-salaried remote positions for former staffers of Sasse while he was a senator.

Bryan Griffin, a communications director for DeSantis, said in a statement that discussions with the university and the Florida Board of Governors are underway.

Florida Chief Financial Officer Jimmy Patronis said the “reports of UF’s exorbitant spending by Ben Sasse’s office are concerning,” and that his agency, the Florida Department of Financial Services, will “offer auditing services” to assist in the inquiry. (read more)

This entire story is so brutally Republican it’s almost laughable.

DeSantis moves from congress to FL Governor in 2018 with intent to run for White House in ’24.  Everyone denied it.

DeSantis took $20 million from RGA in 2022 as seed money for his White House run in ’24.  Everyone denied it.

DeSantis announced ’24 run, then uses legislature to rewrite rules allowing him to put $20 million into ‘2024 SuperPAC.  Everyone denied it.

In the middle of all this, DeSantis shifts Sasse to UF President, RGA head who gave DeSantis $20 million replaces Sasse.  Sasse then loots UF, quits and then DeSantis tries to back away from Sasse toward the exits.

After Sasse resigned due to his wife’s epilepsy diagnosis, DeSantis said he wasn’t “involved necessarily” in the selection of Sasse.  He made clear that he would not be involved in the selection process for the new president. (more)

But Ron DeSantis is not a professional republican and sketchy, they say…  lolol 

Royce White On How Minnesota Became The Cultural Battleground For This Election Cycle


Posted originally on Rumble By Bannons War Room on: Aug 17, 2024 at 02:00 pm EST

The 17th Amendment


Posted originally on the CTH on August 9, 2024 | Sundance

Machiavelli said“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.”  A prescient and oft repeated quote that is pertinent to the situation.

When our founders created the system of government for our constitutional republic, they built in layers of protection from federal control over the lives of people in the states.  Over time those protections have been eroded as the federal bureaucracy has seized power.  One of the biggest changes that led to the creation of the permanent political class was the 17th amendment.

Our founders created a system where Senators were appointed by the state legislatures.  In this original system the senate was bound by obligation to look out for the best interests of their specific states.  Under the ‘advise and consent‘ rules of Senate confirmation for executive branch appointments, the intent was to ensure the presidential appointee -who would now carry out regulatory activity- would not undermine the independent position of the states.

The nucleus of corruption amid every element of the federal institutions of government is the United States Senate.   The U.S. Senate, also known as the “upper chamber,” is the single most powerful elected element in modern federal government.

The Intelligence Branch is the most powerful branch of government.  However, the U.S. Senate is the most powerful assembly of federally elected officials.  We pretend the IC branch doesn’t exist; that’s part of our problem.  At least we admit the Senate exists.

All other elected federal corruption is dependent on a corrupt and ineffective Senate.  If we correct the problems with the Senate and reconnect the representation within the chamber to the state-level legislative bodies, we will then see immediate change.  However, there would be ZERO institutional allies in this effort.

When the 17th amendment (direct voting for Senators) took the place of state appointments, the perspective of ‘advise and consent’ changed.  The senate was now in the position of ensuring the presidential appointee did not undermine the power of the permanent bureaucracy, which is the root of power for the upper-chamber.

Senate committees, Homeland Security, Judiciary, Intelligence, Armed Services, Foreign Relations, etc. now consists of members who carry an imbalanced level of power within government.  The senate now controls who will be in charge of executive branch agencies like the DOJ, DHS, FBI, CIA, ODNI, DoD, State Dept and NSA, from the position of their own power and control in Washington DC.

In essence, the 17th amendment flipped the intent of the constitution from protecting the individual states to protecting the federal government.

Almost every source of federal issue: ex. spending, intervention and foreign assistance, conflict with the states, burdensome regulation, surveillance and spying on American citizens, the two-tiered justice system and the erosion of liberty & individual rights (see COVID examples), can be sourced back to the problem created by the 17th amendment.

Because of the scale of their power, the Senate will not give up control easily; and every institution of society and government will actively work to block/stop We The People from taking back control of the upper chamber.  Every entity from Wall Street to multinational corporations, big tech, banks, foreign governments and world organizations would align against us.   When you truly understand the epicenter of the corruption, then you are able to see the tentacles extending from it.

It would be easy to say “repeal the 17th amendment;“ it is ‘another kettle of fish’ entirely to walk through the process to make that happen.  Yes, ultimately, we do need a full repeal of the 17th amendment and return the selection of the senators from each state with a nomination and appointment process within the state legislature.  [Common Explainer Here]

Seventeenth Amendment- “The Senate of the United States shall be composed of two Senators from each State, elected by the people thereof, for six years; and each Senator shall have one vote. The electors in each State shall have the qualifications requisite for electors of the most numerous branch of the State legislatures.

When vacancies happen in the representation of any State in the Senate, the executive authority of such State shall issue writs of election to fill such vacancies: Provided, That the legislature of any State may empower the executive thereof to make temporary appointments until the people fill the vacancies by election as the legislature may direct.” (link)

Prior to the 17th amendment, there was significant state level corruption as business interests and senate candidates worked in power groups with party officials to attain the position.  Politicians seeking Senate seats began campaigning for state legislative candidates in order to assemble support.

The state legislative races then became a process of influence amid powerful interests seeking to support their Senate candidate.   Get the right people in the State legislature and you can get the Senator appointed.

Those state-level entities, bankers, wealthy people of influence, later became the permanent K-Street lobbying groups once the 17th amendment was ratified. In essence, they just shifted the location of their influence operation from the state to an office in Washington DC.   [Those same power groups, albeit much larger, now write the physical legislation we see in congress.]  Additionally, prior to the 17th amendment, there were issues of vacancies in federal senate seats as state legislatures could not agree on an individual Senator.

The biggest issue following the passage of the 17th amendment became Senators who were no longer representing the interests of their state.  Instead, they were representing the interests of the power elite groups who were helping them fund the mechanisms of their re-election efforts.

A Senator only needs to run for re-election every six years.  The 17th amendment is the only amendment that changed the structure of the congress as it was written by the founders.

Over time, the Senate chamber itself began using their advice and consent authority to control the executive and judicial branch.  The origination of a nomination now holds the question: “Can this person pass the Senate confirmation process?”  The Senate now abuses this power to ensure no one challenges them.  Additionally, the Senate began using their oversight capacity to control elements within the executive branch and judicial branch.   The full scope of that issue in modern form is OUTLINED HERE – which is the cornerstone of the Intelligence Branch of Government.

If we can repeal the 17th amendment and return the selection to the state legislature, you can see where the background work of Tactical Civics and Extreme Federalism begin to take on importance.   [NOTE: Within the repeal effort we would need to include a recall process for states to reach out and yank back their Senator if they go astray; the ability to recall was missing in the original construct of the framers; it would need to be added.]

◊ PATH ONE is the primary platform of the presidential candidate…. a visible and emphasized mandate that includes: “vote me into office and you are voting to repeal the 17th amendment “.  This specific election issue would need to be the #1 priority of the candidate and spoken at every event.

This approach gives presidential candidate Donald Trump the mandate to demand congress to act if he won the 2024 election.  We need a warrior of epic strength, resolve and fortitude. We need Donald Trump.

◊ PATH TWO is the parallel path built along with the 2024 election platform path and put into place in the event that Congress refused to accept the mandate.

Obviously, this would be an ugly battle.   The second path is a convention of states in the first year of President Trump’s second term in office.

The ‘convention of states‘ would be detailed, strategically planned, and the future schedule determined during the 2024 GOP convention preceding the November election (assuming the right candidate wins).   That way, if congress refuses to act on their own, within say the first 100 days of the new administration, the state legislatures will then assemble a convention for the singular and limited purpose of one action item: “repeal the 17th amendment “.  That’s it. Full Stop.  Nothing more. Nothing else entertained.

There is a lot more to this, and a lot more to cover in discussion of this.  However, this is the path that can resolve most of the issues we face with an out-of-control federal government.   The shift in power would kneecap the Intelligence Branch of Government by re-instituting genuine oversight and control. A repeal of the 17th amendment stops Senators from campaigning, needing to raise money and puts them directly into the accountability position as a steward for the interests of their state.

The people within each state would then have a mechanism to address any negative federal action by contacting their state legislative representative.  In a worst-case scenario, a rogue Senator could be removed within days if they support any federal legislative activity that is not in alignment with the state interest.  This approach also wipes out most of the power amid the Senate Majority Leader, as he/she could also be recalled by the state and would be less likely to work against the interests of the majority in the chamber.

The House of Representatives was created to be the voice of the people, ie, “The Peoples’ House.”  However, the U.S. Senate was structurally created to be the place where state government had representation in the federal government decision-making.  The 17th amendment completely removed state representation, and we have been in an escalating battle over state’s rights ever since.

Overlay that DC structural issue with the fact that almost all of the bureaucracy created by this skewed DC system is now in place to defend itself from any outside effort to change it, and you get this UniParty problem that Donald Trump fully exposed.

Repeal the 17th amendment and we would see the most significant restoration of freedom, liberty and social balance in our lifetime.

Why Republics Will Fall


Posted originally on Aug 9, 2024 By Martin Armstrong 

  

Republics are the worst form of government, for every representative can be bribed. Those who are honest get very frustrated, for they will pass rules to prevent anyone from actually even making a motion on the floor. Motions will have to come from Committees. If you do not play nicely, the speaker decides who gets on what Committees. Look at the smirks of the woman behind him, knowing nothing will change.

Here, Mike Bost is frustrated at the corruption in the Illinois House of Representatives. We do not live in a Democracy. The “establishment” is dictated by the Deep State, and far too often, the actual direction of the country is determined by people who are behind the shadows and never stand for election. The head of the European Parliament never stands for election. The head of the EU appoints them. The people have no say in anything meaningful.

Posobiec: Ellen Greenberg A Skeleton In The Closet Of Harris Favorite VP Pick Josh Shapiro


Posted originally on Rumble By Bannons War Room on: Aug 02, 2024 at 07:00 pm EST

New York Commercial Real Estate Plunges 97.5% at Great Depression Levels


Posted originally on Aug 2, 2024 By Martin Armstrong 

23_Floor_Manhattan_Office_Building_Just_Sold_at_a_97.5 Discount

COMMENT #1: Mr. Armstrong, I had to write to say thank you so much for everything you do. When Trump was indicted, you said sell and get out of New York. Your advice has always been discussed with our board, and the decision was made to sell in light of your ECM also turning in 2024. We managed to sell our commercial real estate in New York City, and based on the auction that just took place, you saved our company and every employee in our company. With 135 West 50th Street in Midtown Manhattan that was originally sold for $332 million in 2006 and now sold at auction for $8.5 million, reality has struck with a vengeance. Your forecast for New York City will be forever remembered among our ranks. We owe you more than a dinner and a drink.

Thank you ever so much, SC

ECM Wave 2020 2028 Pi
Real Estate

COMMENT #2: Yesterday, the New York Times ran a sobering real-estate story headlined, “This 23-Floor Manhattan Office Building Just Sold at a 97.5% Discount.” Apparently, inflation hit everything else but missed big-city commercial real estate. The building in the story, which used to headquarter Sports Illustrated, last sold in 2006 —admittedly at peak market— for $332 million dollars. On Wednesday, it sold at auction for only $8 million, a stunning 98% discount.MSREPLY:  On Sepetember 2nd, 2023, we warned on the private blog that the “real estate market, 2023 should produce the highest annual closing.” With the ECM turning down into 2028 and war on the horizon, what New York has done to Trump is a warning to get the hell out of New York. This decision was as bad as putting sanctions on Russia, which became a warning to everyone else: if you do not do as the American Neocons command, they will remove you from the SWIFT system.This event in New York City will send tremors throughout the nation. Commercial Real Estate (CRE) peaked on our models in 2020 in REAL TERMS with COVID. Ever since the need for office space has taken a nosedive, as I have said, if I were Trump, I would have handed them an office building for the fine and then bought it back at 10% when they auctioned it off. With its political vendetta against Trump, New York has only made New York City the leader in the decline, and we have NOT seen the bottom yet. This will send panic among the smart people, and this will cause further contagion to spread to residential property, which has been propped up because of jobs in New York City, which we still show are in crash mode into 2028/2029.

Banks’ CRE loan books’ primary concern is exposure to the office and retail sectors. Based on our sources, we would estimate that banks’ CRE lending financed 46% of office and retail loans which most likely comes in between $700-725 billion. Added to this concern is the concentration of CRE loans on the balance sheets of regional banks. It appears that CRE loans on the books of regional banks amount to about 65% of non-multifamily CRE loans. After this auction, many banks are going to be deeply concerned about the realistic valuation of CRE properties. The risk is that this will further undermine the belief in bank stability going forward.

Smaller regional banks will most likely pull back from CRE, which will undermine values going forward. Large banks or insurance companies are unlikely candidates to start lending into the CRE sector. The more likely lenders into CRE will probably be private credit investors, but that will also come at higher rates. The total CRE market is valued at over $10 trillion, with the office sector being the largest sector at around 24-25%.

Refinancing Challenges for CMBS

There there is the Commercial Mortgage-Backed Securities (CMBS) market that accounts for 20% of the office and retail loans. That comes in around $300 billion+, of which about $22 billion in office loans maturing here in 2024. Typically, up to 50% of that would not be a problem to roll. However, after this sale at auction, many will have second thoughts. Our sources place about 95% of those loans are only backed by Class B and Class C offices. This auction will weaken the funding potential for the lower-quality buildings, and this will accelerate the risk of strategic default into especially 2026.

When we dig deeper, the 60-day-plus delinquency rate is only about 10%, but it is rising rapidly. This implies that we should expect more stress in the CMBS market between now and 2026. The vacancy rate in major cities nationwide is approaching 20%. In the case of New York City, this particular building had a vacancy rate of about two-thirds. The rents they collected from the remaining tenants were not even enough to cover the ground lease, no less the taxes and upkeep of the building. The losses were catastrophic, especially since they indicted Trump in New York City.

roundy_character_freaking_out_300_clr_22500

On top of all of that, then you have the flight from the Democratic Blue States to the Red Republican States post-COVID. We addressed the Commerical Real Estate on June 8th, 2023. Where vacancy rates in San Francisco were approaching 30%, in Miami they were the lowest nationally at just 15.8%. We wrote back then:

“During the first quarter of 2023, U.S. office vacancy topped 20% nationally for the first time really since the Great Depression. Then there are cities that have embraced WOKE to their detriment and are witnessing the worst. In San Francisco, the vacancy rate in the first quarter of 2023 climbed to 29.4%, up from 27.6% in the fourth quarter of 2022. Manhattan has a vacancy rate of n the first quarter of 2023 at 22.2% according to Cushman & Wakefield.  Dallas has been absorbing the flight from California so its vacancy rate is 18.7% according to Cushman & Wakefield.  The commercial vacancy rate in Miami, Florida office market has an overall vacancy which has been declining counter-trend to the rest of the nation falling now to 15.8% according to Cushman & Wakefield. In Chicago, Class-A vacancy rate stands at 19.3% while Class-B vacancy jumped to 28.3% according to Cushman & Wakefield.”

–For anyone thinking about leaving major centers like New York, Chicago, and San Francisco, it does not matter how low rates might go; there will be no buyers, and you will be stuck where you are until after 2032. You may have already missed the last train.