Monday, November 30, 2020

THE BIDEN DEPRESSION - JOE BIDEN VOWS TO PROTECT WALL STREET, HIGH TECH BILLIONAIRES, BANKSTER DONORS AND 'CHEAP' LABOR ILLEGALS - Middle America to get the shaft..... again

 

Biden is bringing the warmongers back to the White House

 

https://mexicanoccupation.blogspot.com/2020/11/joe-biden-war-monger-why-do-you-think.html

 

Leftists have now become the party of war. They are incredibly pleased that Biden will bring the military-industrial complex and pointless wars back to the forefront of American politics (EVEN AS BIDEN LEAVES U.S. BORDERS WITH NARCOMEX UNDEFENDED). Paul Joseph Watson, with his usual acumen, points out what Obama did to the world and what Biden promises to do. It’s ugly. AND WAR PROFITEER AND OBAMA – BIDEN DONOR SEN. DIANNE FEINSTEIN IS NOW SNIFFING OUT MONEY TO TUCK INTO HER PIMP HUSBAND’S POCKETS.

OPEN BORDERS AND A NATION FLOODED WITH ‘CHEAP’ LABOR

Former Vice President Joe Biden will nominate Alejandro Mayorkas to run the Department of Homeland Security (DHS), despite his role in creating huge Latin American migration and his involvement in several visas-for-sale scandals.

https://mexicanoccupation.blogspot.com/2020/11/biden-keeps-promise-to-narcomex-picks.html

Joe Biden’s Amnesty is at hand. But will it resolve America’s staggering jobless, homeless and housing crisis or merely put more money into Kleptocracy he has long served?

The Flourishing Life of a Privileged Undocumented Immigrant

 

Hating America while it hands you the American Dream.

https://mexicanoccupation.blogspot.com/2020/11/joe-bidens-amnesty-profile-of-daca.html

Very recently, Villavicencio was a DACA recipient and received a green card. She admits she owns and lives in a huge apartment.

But as far as she is concerned, America is not a nice place. It is a “fucking racist country.” 

YOU WONDERED WHY BIDEN HAS VOTED FOR EVERY WAR FOR THE LAST 50 YEARS???

JOE BIDEN'S GLOBAL WAR MACHINE TO BE RUN BY WALL STREET CRONIES

https://mexicanoccupation.blogspot.com/2020/11/biden-names-national-security-team-of.html

Biden names national security team of right-wing militarists

This is because despite all its declarations, the Democratic Party is not a party of workers. It, as Biden’s transition team attests, is a party of Wall Street, big banks, Amazon, and the military-industrial complex.

Amazon is entangled not only with Wall Street, but also with the US military and intelligence apparatus. Amazon was awarded a $600 million contract with the CIA in 2013, followed by a $10 billion contract with the Department of Defense last year to move government data onto the cloud. Meanwhile, Amazon’s facial-identification software “Rekognition” is being marketed to federal and local police.

Hostile Takeover: Wall Street Assumes Command of Joe Biden Transition Team 

https://mexicanoccupation.blogspot.com/2020/11/joe-biden-i-need-secretary-of-treasury.html

 

Wall Street and the biggest U.S. banks, after spending a fortune to unseat President Trump, are getting key spots in Democrat Joe Biden’s transition team that he has devised before the presidential election is certified.

Many of the big banks with links to Biden transition team members were major donors to the former vice president.

JOE BIDEN SAYS MUCK PROGRESSIVES, I MADE MY DIRTY MONEY SERVING WALL STREET!

“Hauser also didn’t like the prevalence of Big Law talent on the Department of Justice team, which signaled to him that the Biden administration could go soft on corporate malefactors.” 

https://mexicanoccupation.blogspot.com/2020/11/joe-bidens-america-to-be-ruled-by-wall.html

“Joe Biden’s transition is absolutely stacked with tech industry players,” noted Protocol, an online publication that covers technology.”

“He was presumably referring to the two dozen agency review team officials who come from law firms like Arnold & Porter. Or to the 40 or so members of the Biden transition who are current or recent lobbyists.”

“During the summer, the American Prospect published a lengthy exposé about Biden’s foreign policy advisers’ lucrative foray into corporate America. Many are set to return to the highest echelons of official Washington.” 

BIDEN PARTNERS WITH MEXICO TO ORCHESTRATE ANOTHER MASSIVE MEX INVASION OF DEM VOTING ILLEGALS.

https://mexicanoccupation.blogspot.com/2020/11/the-biden-amnesty-and-mexicos-planned.html

"Mexican president candidate Andrés Manuel López Obrador called for mass immigration to the United States, declaring it a "human right". We will defend all the (Mexican) invaders in the American," Obrador said, adding that immigrants "must leave their towns and find a life, job, welfare, and free medical in the United States."

"Fox’s Tucker Carlson noted Thursday that Obrador has previously proposed granting AMNESTY TO MEXICAN DRUG CARTELS. “America is now Mexico’s social safety net, and that’s a very good deal for the Mexican ruling class,” Carlson added."

"Many Americans forget is that our country is located against a socialist failed state that is promising to descend even further into chaos – not California, the other one. And the Mexicans, having reached the bottom of the hole they have dug for themselves, just chose to keep digging by electing a new leftist presidente who wants to surrender to the cartels and who thinks that Mexicans have some sort of “human right” to sneak into the U.S. and demographically reconquer it." KURT SCHLICHTER

World economy to take biggest hit since Great Depression

The International Monetary Fund has forecast that the world economy is entering its worst slump since the Great Depression of the 1930s and the loss of output will “dwarf” that suffered in the global financial crisis 12 years ago.

Even on the assumption that the second quarter records the sharpest downturn, followed by a recovery and then a rebound next year, the IMF said the world economy will lose $9 trillion in output over 2020 and 2021. This is an amount equivalent to the combined economies of Japan and Germany, the world’s third and fourth largest respectively.

It said under the assumption that the pandemic and the required containment measures peak in the second quarter for most countries, global growth would fall to minus 3 percent this year, a 6.3 percentage fall from the forecast issued in January.

This “major revision over a very short period” made what the IMF has called the Great Lockdown the “worst recession since the Great Depression, and far worse that the global financial crisis,” IMF chief economist Gita Gopinath wrote in a comment on its World Economic Outlook report issued yesterday.

Gopinath said the IMF forecasts were grounded in its “baseline scenario” in which it anticipated global growth would rebound to 5.8 percent next year. But even if that did take place, the recovery would only be “partial,” with the level of economic activity below that projected for 2021, before the virus hit.

However, given the uncertainty surrounding the pandemic, the IMF has projected more adverse scenarios. The outbreak may not recede in the second half of the year, leading to longer periods of containment that would worsen financial conditions and a further breakdown of global supply chains.

Under these conditions, Gopinath wrote, “global GDP would fall even further: an additional 3 percent in 2020 if the pandemic is more protracted this year, while, if the pandemic continues into 2021, it may fall next year by an additional 8 percent compared to our baseline scenario.”

The IMF has predicted a contraction of growth in the advanced economies of 6.1 percent with emerging and developing economies, excluding China, expected to experience negative growth rates of between 1 percent and 2 percent in 2020. Income per capita will fall in over 170 countries.

The actual falls could be steeper than estimated by the IMF at this point, with the forecasts of private sector organisations pointing to an even larger contraction. In recent years the IMF has had to revise down its forecasts amid the marked slowdown in the world economy that had developed well before the coronavirus shock.

An example of the possible depth of the collapse was highlighted in a report by the UK Office for Budget Responsibility, also issued yesterday. It said if the lockdown of the British economy proceeded for three months then it faced a 35 percent plunge in the second quarter.

It said this was not a forecast but should be taken as a “reference scenario” because it could not predict how long the restrictions on economic activity would need to be maintained.

However, if they stayed in place, education, accommodation and food services would be the hardest hit, with contractions of 90 percent and 85 percent respectively. Similar estimates have been made by government statisticians in France.

The IMF said multilateral cooperation was “vital” for the health of global recovery. But precisely the opposite is taking place.

In a comment on the IMF report, Financial Times economic columnist Martin Wolf wrote that the world was confronting the “biggest economic disaster since the Depression of the 1930s.

“The world has come into this moment with divisions among its great powers and incompetence at the highest levels of government of terrifying proportions.”

He noted that the “negative-sum economic nationalism that has driven Donald Trump throughout his term as US president, and has even emerged within the EU, is a serious danger… If the world economy is broken apart, as happened in response to the Depression, the recovery will be blighted, if not slain.”

Wolf cited the conclusion drawn by the Peterson Institute for International Economics in Washington which stated: “Put simply, in the COVID-19 pandemic, lack of international cooperation will mean that more people will die.”

But just as the insatiable drive for profit via financialisation has undermined public health systems around the world, so the division of the global economy into rival nation-states and great powers is provoking a struggle of each against all. This is rapidly rendering any international collaboration a dead letter.

The IMF also issued a warning about the state of the global financial system saying it had already felt a “dramatic impact” and “further intensification of the crisis would affect global financial stability.”

The massive injection of money by the world’s central banks, amounting to at least $6 trillion, along with their indications of a readiness to do still more, has stabilised markets in recent weeks.

But signs of stress have emerged in major short-term funding markets, including the global market for US dollars. Less developed economies have been hardest hit, experiencing an outflow of about $100 billion, the largest on record.

Major markets could also be impacted if the spread of the pandemic required further containment measures exacerbating the COVID-19 shock.

Asset managers facing large outflows could be forced to sell into falling markets, accelerating the decline. Leveraged investors may face further margin calls, aggravating selling pressures.

“As firms become distressed and default rates climb higher, credit markets may come to a sudden stop, especially in risky segments like high yield, leveraged loan and private debt markets. These markets have expanded rapidly since the global financial crisis, reaching $9 trillion globally, while borrowers’ credit quality, underwriting standards, and investor protections have weakened,” the IMF stated.

In other words, the consequences of the policies of central banks since the global financial crisis are coming home to roost. The continuous supply of ultra-cheap money to enable the continuation of the very same speculation and parasitism that produced the 2008 crash has created the conditions for an even bigger disaster.

The IMF noted that banks have more capital and liquidity than they did 12 years ago but they could be tested in the face of a “sharp slowdown that may turn out to be more severe and lengthy than currently anticipated.”

Measures of bank capitalization based on market prices were now worse in many countries than in 2008, giving rise to a concern that “banks and other financial intermediaries may act as an amplifier should the crisis deepen further.”

oe Biden’s Allies Warn of Blue-Collar Migrant Invasion

Aerial view of Honduran migrants heading in a caravan to the US, as the leave Arriaga on their way to San Pedro Tapanatepec, in southern Mexico on October 27, 2018. - Mexico on Friday announced it will offer Central American migrants medical care, education for their children and access to …
GUILLERMO ARIAS/AFP/Getty Images
6:17

Former Vice President Joe Biden’s pro-migration policies are inviting another blue-collar migration flood across the southern border, say his Democrat allies.

Biden has promised to reverse many of President Donald Trump’s pro-American policies, but “if Biden hits reverse too hard, it could cost him politically,” read a November 24 column by Noah Smith, a pro-migration columnist for Bloomberg:

In economic terms, a few hundred thousand Central American migrants will do little to hurt the U.S., but their presence will rile up law-and-order voters who bristle at the notion of people crossing the border illegally or skipping out on asylum hearings. That could hurt Biden with constituencies like Hispanic voters who live in the Texas border counties that swung hard to Trump in 2020.

“There are very real risks that sudden changes in policy could generate a surge of unauthorized migration: Recent experience has taught us that changing U.S. policies sends powerful signals to would-be migrants — and to their smugglers,” says a November 17 article by Andrew Selee, the president of the pro-migration Migration Policy Institute.

“I don’t think they’re going to be able to stop that,” said Jessica Vaughan, at the Center for Immigration Studies, which favors curbs on migration.

For example, she said, Biden has selected Alejandro Mayorkas to run the immigration system, despite Mayorkas’ role under President Barack Obama in welcoming migrants and triggering Obama’s huge Latin American migration that Trump finally stopped in early 2020.

Mayorkas will have a hard time deterring migration because millions of migrants — and their coyotes — know he wants to let them into jobs in the United States, Vaughan told Breitbart News on November 23. For example, Mayorkas pressured immigration officials to ignore fraud and to rubber-stamp migrants’ applications, she said, adding, “He said that [immigration] officers who refused applicants have black spots on their hearts and that they’re doing something wrong, and should be approving all these applications.”

The migration pressure will grow once coronavirus vaccinations allow Mexico and other regional countries to permit movement, warned Joseph Chamie, a population expert and a former director of the United Nations Population Division. He wrote on November 19 in TheHill.com:

Whether you’re for it, against it or indifferent about it, the migration surge is coming. Millions of men, women and children in developing countries are desperately seeking to emigrate to escape poverty, hunger, unemployment, violence, crime, human rights abuse, and environmental crises.

With the incoming government’s proposed changes to immigration policies, especially with respect to asylum seekers, undocumented migrants, migrating families and unaccompanied minors, a big migration inflow along the U.S southern border should not come as a surprise.

The coming surge of migrants can be expected to overwhelm immigration systems, including border control, security vetting, the courts, legal representation, medical clearance, shelter and quarantine facilities and operating costs. Particularly challenging for the authorities is deciding on how best to deal with migrating family units, unaccompanied minors and asylum seekers.

Biden will try to chart a course between his many pro-migration allies — including the many millions of foreigners who want to get into the United States — and millions of worried swing-voters, according to Smith.

Smith — who accepts the claim that Biden sincerely tried to exclude migrants when he was serving as vice-president — wrote November 24 that Biden:

will probably try to accept asylum seekers from Central America at a slow and ordered pace. Detention will probably persist, in a much more humane form. And Biden may even negotiate new, though less rigid, agreements to keep some asylum seekers at home as the administration tries to improve living conditions in those countries.

But the Democrats are eager to welcome more migrants, said Vaughan, and they know how to hide that unpopular welcome under loud promises to fix a “broken immigration system”:

Many people like to complain about an immigration system that is supposedly “broken,” but it’s not broken at all when someone like Mayorkas is at the helm and can [annually] wave in more than a million legal immigrants, nearly a million guest workers, and crank out a million work permits. That’s not broken — that’s working pretty well if what you want is unlimited immigration.

Under Obama and Biden, administration officials carefully opened many small and hard-to-see loopholes in the border — and disarmed border agencies with many other regulations. That covert policy gradually and deliberately let millions of blue-collar Latin Americans into the United States, so boosting business allies.

But the inevitable pressure from millions of would-be migrants flooded their stealthy pro-migration policies, causing a popular pushback in 2014 that set the stage for Trump’s surprise jump into presidential politics.

Like other white-collar pro-migration activists, Selee’s favored solution to the migration problem is to make it legal, regardless of the predictable impact on blue-collar Americans.

He would expand the legal inflow of foreign workers, asylum seekers, and refugees that will cut blue-collar wages and raise blue-collar housing prices, saying:

First and foremost, this new [migration] architecture needs to include some sort of labor pathway for Central Americans to do seasonal work in the United States.

identifying those in danger in their home countries either for protection in-country or for resettlement as refugees in the United States and other countries, efforts that are done on a small scale already but could be vastly expanded with the right attention and resources.

“[A] Biden administration can transition towards a new migration management architecture that creates opportunities for seasonal work and humanitarian protection, while investing in a better future for the region as a whole,” Selee concluded.

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