If Biden’s Economy Were ‘Strong,’ Our Trade Partners Wouldn’t Be De-Dollarizing

The 50-year petrodollar agreement between the United States and Saudi Arabia that designated the U.S. dollar as the global-trade currency for oil sales ended on June 9. The U.S. dollar was essentially the “gold standard” of the global oil trade. Now this is no more, renewing concerns about “de-dollarization” and the future of the American economy. 

“Oil exporters settle sales in U.S. dollars because the dollar is the most widely used currency, making it easier for them to invest export proceeds,” explains Investopedia.

Last year, the Heritage Foundation blamed U.S. sanctions for the continued decline of the dollar. Economist Peter St Onge noted that “unprecedented U.S. sanctions against Russia — designed as retribution for Vladimir Putin’s invasion of Ukraine — have been driving friendly countries, from Brazil to Saudi Arabia, away from the dollar and into the arms of the BRICS coalition of anti-dollar nations led by China.”

“Thanks to this concentrated push by China, the dollar’s share in global commerce is plunging. Today, only 40% of world trade is settled in U.S. dollars, down from 52% just a decade ago,” according to St Onge.

Benn Steil, director of international economics at the Council on Foreign Relations, concurred that “the biggest threat to the dollar’s dominance comes not from competitive alternatives, but from the U.S. government itself.” According to Steil, “U.S.-led sanctions” created economic hardship for other nations, leading those countries to “reduce their engagement with the U.S. financial system.”

Keep reading

THE IRONY! Dementia-Ridden Joe Biden Just Proclaimed ‘World Elder Abuse Awareness Day’

Joe Biden just made an announcement that is extremely close to his heart.

The 81-year-old, who is becoming more confused and demented with every passing day, has proclaimed June 15th as “World Elder Abuse Awareness Day.”

The White House wrote in a statement:

Older Americans are the heart and soul of our families, our communities, and our Nation.  But every year, up to five million older Americans face some form of abuse.  Around the world, too many are denied the opportunity to age with dignity and security.

During World Elder Abuse Awareness Day, we recommit to standing with elder abuse survivors, shedding light on this important issue, and creating a world in which no older person has to live in fear of violence, abuse, or neglect.

NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim June 15, 2024, as World Elder Abuse Awareness Day.

I encourage all Americans to be diligent; work together to strengthen existing partnerships; and develop new opportunities to improve our Nation’s prevention of and response to elder abuse, neglect, and exploitation.

Keep reading

Biden’s ghostwriter deleted recordings, special counsel’s transcript confirms

The ghostwriter of President Biden‘s memoir told federal investigators he deleted many recordings of his conversations with Biden after a special counsel was appointed to investigate the president, according to a partial transcript of the interview obtained by Axios.

  • Writer Mark Zwonitzer said he erased the recordings because he was afraid of being hacked, the transcript says.

Why it matters: Biden’s transcribed conversations with Zwonitzer were among the most damaging evidence in special counsel Robert Hur’s investigation into Biden’s handling of classified documents.

  • In his final report, Hur highlighted Biden telling Zwonitzer in February 2017 — just after he left office as vice president — that he “just found all the classified stuff downstairs.”
  • Hur wrote that “evidence supports…[Biden] was referring to the same marked classified documents about Afghanistan that FBI agents found in 2022 in his Delaware garage.”

Keep reading

G7 Dignitaries Say Biden Was “Losing Focus”; “Worst He’s Ever Been”

A report quoting insiders at the G7 summit this past week has warned that Joe Biden struggled to focus at the meeting of world leaders in Puglia, Italy. 

According to one source, Biden is “the worst he’s ever been,” with attendees from other delegations saying it was “embarrassing.”

As we highlighted, Biden was seen wandering off like a dementia patient and looking perpetually confused.

The footage of Biden prompted mocking headlines. 

Keep reading

Biden tells a lie a minute during CNN interview

The White House rarely allows President Biden to sit down for interviews, and Wednesday’s chat with CNN’s Erin Burnett shows why.

In a brief 17 minutes, Biden told 15 lies — nearly a lie a minute.

From whoppers about the economy to prevarications on Israel, Biden spun a fantasyland of a presidency that voters know is false.

Biden’s favorite falsehood, told over and over and over again no matter how many fact-checks call him out.

He took office at the tail end of a pandemic that blew a hole in the economy, when lockdown policies wholeheartedly endorsed by Democrats took people out of the office and onto COVID stimulus checks.

He “created” nothing — after the introduction of the vaccine, people returned to the workforce.

If anything, Biden’s policies slowed the recovery — it took until July 2022 for the US economy to regain all the jobs lost due to the pandemic.

Keep reading

Biden Camp Falsely Claims Trump Will Throw “Women with Beautiful Children” in Mass Deportation Camps – Here’s the Full Clip 

The Biden Camp falsely claimed President Trump said he would throw “women with beautiful children” in mass deportation camps during his speech at Turning Point USA’s Detroit conference on Saturday.

The desperate Biden-Harris HQ account posted a deceptively clipped video to X and said: Trump says he will throw “women with beautiful children” in mass detention camps and then fantasizes about a 1950s military-style operation called “Operation Wetback”

The Biden campaign is lying.

Approximately 15 million illegal aliens – mainly military-age males – have crossed the border since Joe Biden was installed in January 2021.

Americans are fed up with Biden’s illegal invasion crisis.

According to a new poll released last week, there is majority support for deporting people who are in the country illegally.

“A CBS News/YouGov poll found that 62% of registered voters said they would support a government program that would deport all migrants living in the U.S. illegally. The poll, conducted between June 5-7, also found that a majority of registered voters supported Biden’s latest executive action at the southern border.” Fox News reported.

President Trump praised former President Dwight D. Eisenhower for mass deporting illegal aliens.

Keep reading

Biden’s DOJ refuses to prosecute Merrick Garland for contempt of Congress

The Department of Justice on Friday said that it would not prosecute Attorney General Merrick Garland after the House voted to hold him in contempt of Congress after he refused to comply with a congressional subpoena seeking the audio of Biden’s interview with special counsel Robert Hur in the classified documents investigation. 

The DOJ stated in a letter to House Speaker Mike Johnson that it has a “longstanding” position of not prosecuting executive branch officials who withhold information from Congress that is subject to executive privilege.  

According to CNN, the letter from the department’s top congressional liaison, said, “Consistent with this longstanding position and uniform practice, the Department has determined that the responses by Attorney General Garland to the subpoenas issued by the Committees did not constitute a crime, and accordingly the Department will not bring the congressional contempt citation before a grand jury or take any other action to prosecute the Attorney General.” 

The decision comes after an internal DOJ memo was revealed, stating that “Consistent with this longstanding position, no US Attorney has pursued criminal contempt charges against an Executive Branch official asserting the President’s claim of executive privilege.”

Keep reading

Federal Judge Blocks Biden’s Transgender Title IX Changes, Slams Admin for ‘Abuse of Power’

The Biden administration’s revision of Title IX rules to favor transgender students suffered a major defeat Thursday after a federal judge in Louisiana allowed four states to block the rules.

In a ruling that impacts Louisiana, Mississippi, Montana and Idaho, U.S. District Court Judge Terry Doughty demolished the rule issued by the Department of Education that decided that Title IX — the landmark 1972 law banning sex discrimination – should be used to force schools to give in to the demands of transgender students.

“This case demonstrates the abuse of power by executive federal agencies in the rulemaking process. The separation of powers and system of checks and balances exist in this country for a reason,” Doughty wrote, noting that the Biden administration went beyond its authority in imposing a rule that would have drastic fiscal impacts on every school in the nation and affirming that Title IX “was written and intended to protect biological women from discrimination.”

Doughty was appointed by former President Donald Trump, according to USA Today.

The Education Department rules said Title IX, enacted to protect female students from discrimination or harassment, must be used to protect students based on gender identity as well, according to The New York Times.

Keep reading

Biden Judicial Nominee Said Child Predator Had ‘a Lot of Good in Him’

One of President Joe Biden’s judicial nominees suspended a child sex predator’s sentence and said the convict had “a lot of good in him” during a court hearing last year.

Maine Superior Court judge Julia Lipez, who is up for Senate confirmation after Biden appointed her to the U.S. Court of Appeals for the First Circuit, suspended half of Michael T. Smith’s prison sentence in 2023. Smith, 45, was convicted at trial of sexually abusing two girls, aged four and nine.

The news comes as other Biden judicial nominees have come under fire for soft-on-crime records. This week, Senate Republicans balked at the nomination of Magistrate Judge Sarah Netburn, who in 2022 recommended the transfer of a male convicted child rapist to a women’s prison after the convict identified as transgender. Netburn told lawmakers that she was not sure how sex is determined because she has “never studied” biology.

During a March 2023 sentencing hearing, Lipez reduced Smith’s 12-year sentence to 6 years and praised him as a “good” person.

“People are complicated,” Lipez said during the hearing. “I have frankly been offered very little insight as to how or why this happened. What I can say is that this is a very tragic situation of a person who has a lot of good in him having done a very reprehensible thing to two young children.”

The sentence reduction came after Smith’s young victims told the judge about the years of suffering caused by the abuse, which left them traumatized with night terrors, appetite loss, and flashbacks, according to the Sun Journal.

The “stress of my predator being free was eating me alive,” one of the girl’s wrote to the judge, adding that she has undergone years of therapy and that the “pleasant memories of my childhood have been replaced with tragic, painful ones.”

The other victim said she has struggled with friendships and physical contact because of the abuse, the Sun Journal reported.

Lipez’s decision to suspend Smith’s sentence came after his family members and lawyer told the court that he was a kind and hard-working person, according to the paper.

Keep reading

Joe Biden’s Time Interview Should Set Off Alarms

On May 28, U.S. President Joe Biden gave an interview to Time. His delivery and content were concerning for a number of reasons. Biden, at times, seemed misinformed and detached from reality. Sometimes, he seemed off message; other times, he seemed convinced by his own talking points. But four answers he gave were especially alarming and deserve to be highlighted.

The first was Biden’s assertion that America is “the world power.” The truth of that claim can be debated, but making that claim is deaf to the changes taking place in the world. Much of the world is angry at the United States for substituting leadership in the global community of international law with the imposition of an inconsistent and hypocritical rules-based order.

If the United States is still the world power, then a multipolar world that includes a rapidly growing BRICS+ and the Shanghai Cooperation Organization is closer and closer on its heels. Biden seems not to have noticed what his CIA director has: that the world is in one of “those times of transition that come along a couple of times a century. Today the United States still has a better hand to play than any of our rivals, but it is no longer the only big kid on the geopolitical bloc. And our position at the head of the table isn’t guaranteed.”

In a disturbing defense of his claim, Biden said that “the reason why I cleared the intelligence so we can release the information we knew that [Putin] was going to attack, was to let the world know we were still in charge. We still know what’s going on.”

It is disturbing that Biden says that he released the intelligence, not to alert and protect Ukraine or to prevent war, but “to let the world know we were still in charge.” It is also disturbing that the United States had that intelligence, and knew Ukraine was about to be attacked, but did nothing to prevent it. Hawkishly, they could have massively armed Ukraine prior to the invasion. More rationally and responsibly, they could have seriously engaged Vladimir Putin on Russia’s December 2021 proposal on security guarantees and discussed a promise that Ukraine would not be invited into NATO. Sociologist Volodymyr Ishchenko of Freie University in Berlin remarks that the United States failing to act on that intelligence in either of those ways “looks sort of strange, and of course very tragic for Ukraine.” It is disturbing that the U.S. impotently released the intelligence, not to prevent war and protect Ukraine, but to show the world that they are still “the world power.”

The second is Biden’s insistence that Putin has clearly stated his intention not to stop at Ukraine but to “reestablish the Soviet Union.” He pulled out a copy of Putin’s February 21, 2022 speech, repeatedly mocking his interviewers, “You probably haven’t read it.” But as Biden explains it to them, and summarizes it as saying “Ukraine is not a neighboring country” but “an inalienable part” of Russia, it begins to sound like Biden has not read the speech, which is highly critical of the Soviet Union.

Discussing the “critical” stage “the situation in Donbas has reached,” Putin references the closeness of the people of Donbas not to justify integrating or conquering them but to justify protecting them. If Biden has read the speech, it must have been a heavily redacted version. As Nicolai Petro, author of The Tragedy of Ukraine, pointed out to me, Biden selectively quotes from the speech while leaving much of contextual importance out.

Keep reading