Tag: economy

Deranged Leftists Want Trump ARRESTED For Helping People Pay For Groceries

Donald Trump helped some moms pay for their groceries and deranged leftists are big mad about it, claiming he was bribing people to vote for him.

As we highlighted earlier, Trump visited a grocery store in Pennsylvania and started handing out $100 bills to shoppers.

He told them that he’d effectively do the same when in the White House again with his economic policy of keeping taxes low, reducing business regulations and stimulating domestic energy production  to lower costs.

Meanwhile Kamala Harris and the Democrats can’t even describe any details of her plan to lower inflation.

A surrogate for Kamala made an absolute fool of herself on live TV.

But worse still, TDS suffering haters couldn’t handle footage of the bad orange man helping everyday Americans out.

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Brutal: Kamala Strategist Can’t Describe ANY Aspects Of Her Economic Policy, Accuses Host Of Being ‘Disrespectful’ To Women

In a brutal minute and a half of TV, a Kamala Harris surrogate was unable to describe any details of the Democratic nominee’s economic policy, and completely melted down, resorting to accusing the female Fox News host of being disrespectful to women.

In a perfect encapsulation of Harris’ campaign being devoid of any substance, Democrat strategist Kelly Hyman completely embarrassed herself, admitting that she isn’t “privy” to any information on Harris’ plan.

Host Sandra Smith asked Hyman to give viewers some details of what Harris’s economic plan entails, leading the surrogate to regurgitate something about a plan to tackle price gouging, claiming it will prevent “big corporations” from exploiting everyday Americans.

Because this is about as concrete as a popular gelatin pudding brand, Smith responded by asking her whether so called price gouging is even happening.

Hyman initially said “no, not at the moment,” but then admitted she actually has no idea at all.

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The Great Job Replacement: How Corporations Are Replacing American Workers With “Temporary Protected Status” Migrants Across Ohio & Pennsylvania

Another burgeoning crisis involving the importation of Haitian migrants is bubbling over, this time not in Ohio – but Pennsylvania too.

Recently at one of his rallies, former President Donald Trump spoke of Charleroi, Pennsylvania, detailing that the 4,000 person town has experienced a 2,000% surge in the Haitian migrant population under Kamala Harris.

Charleroi councilman, Larry Celaschi explained the worsening situation.

Councilman Celaschi says that Charleroi is getting no money or funding from having such a large number of Haitian migrants dumped in their town.

Celaschi describes that Charleroi is already unable to make ends meet with their budget and is now somehow expected to find extra revenue to bear the strain of an influx of Haitians on their town’s infrastructure.

Celaschi also explains that there has been a huge spike in car crashes and that the town needs new traffic signage in English and Creole so migrants can understand what to do when operating a vehicle on the roadways.

Over the past five years, 1.4 million native-born U.S. workers have lost their job. In that same span of time, 3 million foreign-born workers gained employment.

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Top Trump Economist: Harris Stole Yet Another Trump Economic Policy

Kevin Hassett, a former senior adviser to former President Donald Trump and chairman of the Council of Economic Advisers, said this week that Vice President Kamala Harris stole another proposed economic policy from the Republican presidential nominee.

Hassett said during an interview on PBS’ “Firing Line” with Margaret Hoover that Harris’ proposed $50,000 small business tax credit was actually something that she was against when Trump was in office and he proposed increasing the tax credit.

“So that policy, the small business deduction, it’s $5,000 in the law now,” he said. “And in 2018, President Trump and the Republicans wanted to expand the deduction to $20,000. It actually passed the House with very little Democratic support. And so, you know, Republicans are on the record as saying that there should be a bigger deduction for the start of a small business. And so this is an example of her reaching into Donald Trump’s playbook and taking one of his policies.”

“Expanding the deduction for startup business is a good idea. And it’s something that Republicans tried to do in 2018, but the Democrats were opposed to it,” he continued. “And so, it’s something that she was opposed to before she was for it. And so you could say, well, is she really for it now? Or, you know, could she explain why she changed her mind?”

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The Big Collapse Awaits

In the 1970s when I served in the congressional staff and in the 1980s when I served in the executive branch, there was still some intelligence in the US government, with the exception of the Federal Reserve, where there has never been any intelligence.

Today there is no sign of intelligence anywhere in the US government. That fact is documented every day on my website.

As I recently reported, about 900,000 new jobs that had been claimed over the preceding year have just disappeared in a revision. A further downward revision could follow.

These non-existent jobs were the Federal Reserve’s evidence for a hot inflation-prone economy justifying high interest rates. All the time the Fed was preaching inflation, the Fed was contracting the money supply, a contraction that has been underway for 2.5 years. This in itself is proof that the “inflation” was really higher prices caused by the shortages the senseless Covid lockdowns caused. In other words, the higher prices were due to mandated shortages, not to inflation. A central bank too stupid to recognize this is too stupid to justify its existence.

Whenever the Fed contracts the money supply recession follows. If the contraction is too large and lasts too long, as it was following the 1929 stock market crash, the result is a decade of depression and high unemployment.

A contraction in the money supply means that the same level of economic activity and employment cannot be maintained at the same level of prices. Either economic activity and employment fall or prices fall. Historically, it has been economic activity and employment that fall first, and prices follow. Generally, that means profits fall.

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Analysis: Green New Deal will make your electric bill SURGE by at least 28 times its current cost

An analysis has found that the Democratic Party’s Green New Deal plan could see electric bills multiply by as much as 28 times.

This is according to a report by the think tank the Committee for a Constructive Tomorrow, which found that the Green New Deal’s proposed plan to shift the United States’ energy system to be run solely on renewable energy could make electricity bills soar to 28 times its current cost.

Dr. David E. Wojick, a journalist a policy analyst, breaks down some of the major costs that come with implementing the Green New Deal.

The first is the need for massive amounts of battery storage. Replacing fossil fuels with energy harnessed from renewable sources like solar and wind power would require that there be around 250 million megawatt-hours worth of storage capacity in the United States.

If battery storage costs $300,000 per megawatt-hour, the total price tag for these batteries comes to a staggering $75 trillion. Spread over 20 years, that amounts to $3.75 trillion each year.

With U.S. households using about 1.5 trillion kilowatt-hours of electricity yearly, this cost translates to roughly $26,250 per household annually – 14 times higher than today’s average bill of $1,800.

Electrifying transportation and heating would double the electricity demand – potentially pushing costs up even further to $52,500 per year per household, or 28 times the average.

While these figures paint a grim picture, it is important to remember that they are based on current estimates and assumptions. Battery costs could decrease or new technology might improve efficiency. However, the sheer scale of this shift presents a significant challenge and it is unlikely economic changes or technological shifts would suddenly make the Green New Deal a profitable endeavor for American households.

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Shell Game: How America’s Money Devolved from Gold to Fiat

Imagine a street performer standing behind a small table, moving three shells around at lightning speed, concealing a pea beneath one of them. As the audience watches closely, they try to follow the pea’s location, only to realize that no matter how well they track it, they’ve been fooled.

Now, replace that street performer with the Federal Reserve and the U.S. government, the shells with gold, silver, and paper money, and the pea with real value.

This, dear reader, is how the public got tricked into believing in fiat currency—a shell game of epic proportions.

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Mathematical Models Are Weapons of Mass Destruction

In 2007, the total value of an exotic form of financial insurance called Credit Default Swap (CDS) reached $67 trillion. This number exceeded the global GDP in that year by about fifteen percent. In other words – someone in the financial markets made a bet greater than the value of everything produced in the world that year. 

What were the guys on Wall Street betting on? If certain boxes of financial pyrotechnics called Collateralized Debt Obligations (CDOs) are going to explode. Betting an amount larger than the world requires a significant degree of certainty on the part of the insurance provider. 

What was this certainty supported by? 

A magic formula called the Gaussian Copula Model. The CDO boxes contained the mortgages of millions of Americans, and the funny-named model estimated the joint probability that holders of any two randomly selected mortgages would both default on the mortgage. 

The key ingredient in this magic formula was the gamma coefficient, which used historical data to estimate the correlation between mortgage default rates in different parts of the United States. This correlation was quite small for most of the 20th century because there was little reason why mortgages in Florida should be somehow connected to mortgages in California or Washington.

But in the summer of 2006, real estate prices across the United States began to fall, and millions of people found themselves owing more for their homes than they were currently worth. In this situation, many Americans rationally decided to default on their mortgage. So, the number of delinquent mortgages increased dramatically, all at once, across the country. 

The gamma coefficient in the magic formula jumped from negligible values ​​towards one and the boxes of CDOs exploded all at once. The financiers – who bet the entire planet’s GDP on this not happening – all lost.

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What Do They Know? Russia Increases Daily Gold Purchases by 700%

In a significant move, Russia’s Finance Ministry has announced plans to allocate 8.2 billion rubles ($92 million) each day for gold and foreign currency purchases until October 4, the nation’s Finance Minister announced.

“The amount of funds allocated for purchases of foreign currency and gold totals 172.9 billion rubles,” the ministry said in a statement. “Transactions will be carried out from September 6 to October 4, 2024, respectively, daily volume of purchase of foreign currency and gold will equal 8.2 billion rubles.”

This marks a sevenfold increase in purchases of physical precious metals over the previous spend, which has already been much higher for the last year. The Finance Ministry also projected “windfall” oil and gas revenues of 162 billion rubles in September, noting that actual oil and gas revenue in August exceeded initial expectations by 10.9 billion rubles ($129 million).

These revised figures “make it possible to estimate the volume of operations conducted by the Bank of Russia on the currency market related to the replenishment and use of the National Wealth Fund,” the ministry added.

With the new transaction volumes set for the September 6 to October 4 period, the Central Bank is expected to sell 0.2 billion rubles per day during the previous period.

After an 18-month hiatus, Russia’s finance ministry resumed gold and currency purchases in August 2023, capitalizing on higher oil prices. The country had previously paused foreign exchange interventions in January 2023, selling yuan reserves as part of a budgetary strategy to shield the economy from commodity market volatility. This program was initially suspended following the invasion of Ukraine in February 2022.

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Biden Admits Inflation Reduction Act was NEVER Intended to Reduce Inflation

PSA:  Joe Biden is still the president of the United States. Biden has been hiding on a beach in Delaware ever since his disastrous debate with Donald Trump that hard-launched Kamala Harris as the Democrat nominee. Biden is speaking off the prompter once again and revealing hard truths that have been concealed from the public. The Inflation Reduction Act, the largest spending measure in American history, was never intended to reduce inflation.

“We should have named it what it was!” Biden said at an event in Westby, Wisconsin, where he unsuccessfully attempted to tout the success of Bidenomics. The president referred to the Inflation Reduction Act as “the most significant CLIMATE CHANGE LAW ever,” adding, “by the way, it is a $369 billion bill, it’s called the–we we we should’ve named it what it was.”

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