During today’s Senate Finance Committee hearing, Sen. Bill Cassidy (R-LA) questioned Treasury Sec. Janet Yellen about Social Security and the immediate cuts that take place in nine years if the current plan goes bankrupt. The confrontation was professional, but also very focused. WATCH:
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The House Oversight Committee released records today outlining how the Biden family was paid by a Chinese energy company [House Link Here]. The bank records indicate payments to Joe Biden’s son, Hunter Biden; Joe Biden’s brother, James Biden; Joe Biden’s daughter-in-law, Hallie Biden, and an unknown “Biden;” likely the principal, “big guy”, Joe Biden himself.
WASHINGTON—Today, the House Committee on Oversight and Accountability issued a memorandum revealing new evidence resulting from the investigation into the Biden family’s influence peddling and business schemes. Subpoenaed financial records show that from 2015 to 2017, Biden family members – Hunter Biden, James Biden, Hallie Biden, and an unknown “Biden” – and their companies collectively received $1.3 million in payments from accounts related to Rob Walker, a Biden family associate.
Notably, on March 1, 2017, less than two months after Vice President Joe Biden left public office, State Energy HK Limited, a Chinese company, wired $3 million to Rob Walker’s company. The next day, the company wired $1,065,000 to a company associated with James Gilliar, another Biden family associate. Afterwards, the Biden family received approximately $1,065,000 in payments over a three-month period in different bank accounts. From the bank records, it appears that the Biden family received approximately one-third of the money obtained from the China wire. (read more)
In a new Agenda47 video released today {Direct Rumble Link Here}, President Donald J. Trump explains the difference between the globalist establishment class, and those who are truly committed to stopping the Ukraine war and dismantling the entire neo-con nation-building industrial complex in Washington, D.C. WATCH:
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[Transcript] – “We have never been closer to World War III than we are today under Joe Biden. A global conflict between nuclear-armed powers would mean death and destruction on a scale unmatched in human history. It would be nuclear Armageddon. NOTHING is more important than avoiding that nightmare. We will avoid it. But we need new leadership.
Every day this proxy battle in Ukraine continues, we risk global war. We must be absolutely clear that our objective is to IMMEDIATELY have a total cessation of hostilities. All shooting has to stop. This is the central issue. We need PEACE without delay.
If you wonder about whether people are really starting to understand the UniParty operation in Washington DC, the answer appears to be a resounding “Yes.”
According to the latest Rasmussen poll [LINK HERE], even a majority of Democrats admit that Republicans likely conspired with Democrats to keep President Trump from winning the 2020 election. The exact wording of the question is:
55% – of all voters agree it is likely.
67% – Republicans
51% – Democrats
Rasmussen’s Mark Mitchell appeared on the Steve Bannon podcast to discuss the results of the poll. WATCH:
https://youtu.be/FuTdJHjVHwc
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As CTH has continued to outline, the Republican Party of Bush, Romney, McConnell et al, is dead. Voters who support President Trump reject the Wall Street professionally Republican donor class. The Republican Party is the party of MAGA, America First and Donald Trump now.
Recently on Twitter I stated, “There are not enough people who take pictures of their lunches to post on Instagram to support Ron DeSantis for president.” This is the essential core of the issue. Working people and people on fixed incomes understand the value of America First and Donald Trump in/on their lives. Every other coalition is a small segment of elite minded snobbish people who think they know better. Keep watching.
Before getting to the details of the Credit Suisse issue, it is worth taking a bigger geopolitical context to the dynamic. The initial backstop sought by Credit Suisse was from the Saudi National Bank; however, SNB Chairman Ammar Abdul Wahed Al Khudairy refused more lending {LINK}.
This is where we need to keep the BRICS -vs- WEF dynamic in mind and consider that ideologically there is a conflict between the current agenda of the ‘western financial system’ (climate change) and the traditional energy developers. This conflict has been playing out not only in the energy sector, but also the dynamic of support for Russia (an OPEC+ member) against the western sanction regime. Ultimately, supporting Russia’s battle against NATO encroachments.
Russia, Saudi Arabia and China are geopolitically aligned in interest against the western financial system. As a consequence, when western banks find themselves in need of capital and cash, there is a layered geopolitical dynamic in the background to Saudi refusal that must be considered.
With multiple western banks now in trouble, Credit Suisse is also exposed, and, like U.S. Treasury/Fed intervention in America, the Swiss central bank has stepped in to backstop the looming collapse.
In the big picture, we are seeing the ramifications of the ‘Build Back Better‘ agenda impacting the banking and finance sector which spearheaded it. I am not seeing this discussed anywhere, as the western governments of the collapsing banks are being forced to intervene.
For his opening monologue Wednesday night Fox News host Tucker Carlson revisited the status of the conflict between Ukraine and Russia and the disconnect between Washington DC and American voters. WATCH:
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This is so far beyond hubris, the gaslight from where hubris emanates would take a year to reach it.
Joe Biden spikes the football on the Twitter claiming to have lessened inflation he created. [LINK]
I try not to hold negative sentiments, but I cannot help but loathe this man.
Here’s a fun little bit of datamining by the folks at TrendingPolitics. Apparently, former DOJ apparatchik and current New York Representative Daniel Goldman is holding $32+ million in a Cayman Island bank account.
Goldman was one of Los Tres Amigos conscripted from the DOJ who was enlisted by Mary McCord to run the public face of the House impeachment effort against President Trump. More recently sketchy Goldman attempted to run defense for the Mueller-Weissmann team during testimony about the Twitter files. {Go Deep}
Considering his legal exposure to the multiple frauds he assisted and perpetrated, it seems part of his financial risk mitigation is to keep his bank accounts in the Cayman Islands. Curiously interesting, because it’s always worth noting what ammunition the Fourth Branch carries to keep their toadies in line.
[Trending Politics] – Newly disclosed financial documents show that a House Democrat leading the charge against income inequality has stashed over $30 million in a tax-free international haven to support his nonprofit.
The Richard W. Goldman Foundation, which for a decade has provided charitable efforts on behalf of the disadvantaged, reported holding $32.2 million in investments harbored within the Cayman Islands, a renowned haven for wealthy individuals and corporations seeking to relieve tax burdens. The organization was founded in 2012 by Democratic Congressman Daniel Goldman of New York.
Senator Lindsey Graham (U-DC) is trying to get the Libyan band back together as part of the effort to escalate a NATO war against Russia. In the latest development, according to the U.S. version of events, Russia took down a Reaper drone over the Black Sea:
The MQ-9 Reaper drone was making a routine flight before it was intercepted by two Russian Su-27 fighter jets on Tuesday. The warplanes dumped jet fuel on the drone and flew in front of it in a “reckless, environmentally unsound and unprofessional manner,” according to a statement from U.S. European Command.
One of the Russian aircraft then struck the drone’s propeller, rendering it unflyable and prompting U.S. operators to ditch it in the Black Sea. (link)
The Russian version of events outlines something akin to Russian pilots throwing a Pepsi at it. As relayed by Russian Ambassador to the United States Anatoly Antonov:
[…] “I explained the position of the Russian Federation,” Antonov said. “I stressed that the American UAV that was moving deliberately and provocatively towards the Russian territory with its transponders turned off violated the boundaries of the temporary airspace regime established for the special military operation, which was communicated to all concerned users of international airspace in accordance with international norms.”
Knowing, not predicting – knowing – the Biden economic policies were going to create massive U.S. inflation in the years to follow, in 2021 I pinned a tweet thread to the top of my timeline on the CTH Twitter account that could be used as a reference. [You Can Read Here] Not a single month of statistical data has come in the past two years that was not entirely predictable. Today’s report from the Bureau of Labor and Statistics (BLS) [DATA HERE] is no different.
Inflation is a measure of the change in a price. It is usually presented in terms of a percentage of change. When inflation starts to lessen, what that means is the rate of the price increase slows down. The price is still going up, but at a slower pace.
February prices overall increased 0.4% for the month, putting the current rate of annual inflation at 6.0%. Meaning prices (on aggregate) are 6% higher than this exact same time last year.
Meanwhile, wages increased 0.2% for the month, and hours worked dropped 0.3% [DATA]. Wages only rising by half the rate of prices, and hours worked dropping, means the net ‘real wages’ declined, yet again, by 0.4%.
Workers are going backwards.
The very real impact on the working class is getting worse. The blue collar team, who works for a living and does not take Instagram pictures of their lunches, are getting crushed in the Biden economy. The divide between the ‘haves’ and the ‘have-nots’ is getting wider.
Put another way, Team MAGA, the entire continuum of normally apolitical working class, is watching the rust growing and feeling the worst part of the Biden economic outcome. I have often spoken in my immediate circle of influence with the phrase, “financial anxiety is a very real concern the closer you get to the laundromat,” and many people have no idea what that means.
The biggest BS statement of the day goes to CNBC with this sentence:
I challenge you to find a more encapsulating pile of horsepucky that represents the financial media era of great pretending. When I read stuff like this, I begin to think the next great eruption of a violent war is getting even closer, and this war will have nothing to do with nations.