“The Democrats had abandoned their working-class base to chase what they pretended was a racial group when what they were actually chasing was the momentum of unlimited migration”.
DANIEL GREENFIELD
THE DEMOCRAT PARTY’S BILLIONAIRES’ GLOBALIST EMPIRE requires someone as ruthlessly dishonest as Hillary Clinton or Barack Obama to be puppet dictators.
http://hillaryclinton-whitecollarcriminal.blogspot.com/2018/09/google-rigged-it-so-illegals-would-vote.html
Globalism: Google VP Kent Walker insists that despite its repeated rejection by electorates around the world, “globalization” is an “incredible force for good.”
Hillary Clinton’s Democratic party: An executive nearly broke down crying because of the candidate’s loss. Not a single executive expressed anything but dismay at her defeat.
Immigration: Maintaining liberal immigration in the U.S is the policy that Google’s executives discussed the most.
GRIFTER AND PHONY CHARITY FOUNDATION FRAUDSTER HILLARY CLINTON’S LONG SERVICE TO AMERICA’S MOST EVIL BANKSTERS
https://mexicanoccupation.blogspot.com/2019/08/the-democrat-party-grifter-and-pay-to.html
The judge found these releases, together with the publication of Clinton’s secret speeches to Wall Street banks, in which she pledged to be their representative, were “matters of the highest public concern.” They “allowed the American electorate to look behind the curtain of one of the two major political parties in the United States during a presidential election.”
“Clinton also failed to mention how he and Hillary cashed in after his presidential tenure to make themselves multimillionaires, in part by taking tens of millions in speaking fees from Wall Street bankers.”
VIDEO:
THE FRAUDULENT CLINTON FOUNDATION EXPOSED.
PAY-TO-PLAY FROM THE FIRST DAY!
Is it a signal that she's back in the game because she's selling her president-ability to the world's global billionaire crowd and laying the groundwork for more funds? There are all kinds of ways for foreign billionaires to get money to the U.S. without consequences, after all. What's more, it's pretty much the biggest base of support she has, which is at least one reason why she lost the 2016 election.
*
“The couple parlayed lives supposedly spent in “public service”
into admission into the upper stratosphere of American wealth, with incomes in the top 0.1 percent bracket. The source of this vast wealth was a political
machine that might well be dubbed “Clinton, Inc.” This consists essentially of
a seedy money-laundering operation to ensure big business support for the
Clintons’ political ambitions as well as their personal fortunes.
The basic components of the operation are lavishly paid speeches to Wall Street and Fortune 500 audiences, corporate campaign contributions, and donations to the ostensibly philanthropic Clinton Foundation.”
"But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now." ---- Patricia McCarthy - AMERICANTHINKER.com
Days later, McAuliffe was charged with accepting an illegal laundered $350,000 contribution from a Sri Lankan businessman.
Virginia Gubernatorial Race
Terry McAuliffe, who was supposed to be a shoo-in for a second term as governor of Virginia, seems to be in a lot of trouble. Good polls can only measure general sentiment in my view, but all that I’ve seen show that sentiment has rapidly shifted in favor of his opponent Glenn Youngkin. To my mind McAuliffe’s fatal miscalculation was to stand with the teachers’ unions, the obstructive, dictatorial Loudon County school board against the parents. Northern Virginia is heavily populated by tech and professional federal employees who in recent years have tended to vote Democrat, but these are people who can be expected to be concerned with the public school education of their children, and McAuliffe, reflexively tone deaf to such concerns, placed himself perilously on the third rail.
How bad is his campaign going? It could hardly be worse. So few people have turned out in places like Arlington, Virginia, that he’s skipped showing up at the final rallies -- rallies designed to snowball voter support. At one of those rallies. Pharrell Williams, a noted hip hop singer and music producer, told the crowd it’s okay if they vote for Glenn Youngkin -- not something I’d think the rally organizers wanted to hear.
The odious and discredited Lincoln Project tried to help McAuliffe by staging a pretend white nationalist display for Youngkin. I suppose, because they were torn between trying to pay honor to diversity while smearing Youngkin, they included a young black man in the mix of demonstrators, immediately undercutting the message of the scam that this was a white nationalist demonstration. In fact, one of the “white nationalists” was the financial director for Young VA Dems. About the same time this ploy flopped, others reminded voters that McAuliffe had defended the present Democrat governor of Virginia Ralph Northam’s appearance in blackface costume, and it turned out that McAuliffe’s spokesperson (who also worked for the Harris and Biden campaigns) had posted racist tweets in 2012. Just as #MeToo backfired -- this week against New York Governor Andrew Cuomo, now charged with a misdemeanor sexual offense against a staffer -- the cancel culture mining of ancient racist comments is now backfiring against the Democrats who had made this something of a cottage industry.
Days later, McAuliffe was charged with accepting an illegal laundered $350,000 contribution from a Sri Lankan businessman.
The National Legal and Policy Center is asking the FEC to "promptly investigate" whether the contribution to the Virginia gubernatorial candidate violated federal laws prohibiting campaigns from accepting political donations from foreign nationals.
"Terry McAuliffe has a history of accepting foreign contributions. The FEC must fully investigate these serious charges that he accepted $350,000 in illegal foreign contributions for his current campaign," said Washington, D.C. attorney, Paul Kamenar, counsel to NLPC, who drafted and filed the complaint with the FEC.
LycaTel LLC, owned by Sri Lankan-British national Allirajah Subaskaran, gave McAuliffe $350,000 in July, the Free Beacon first reported in early October. The company is a New Jersey subsidiary of Subaskaran’s U.K.-based telecom conglomerate, which boasts a complicated web of offshore businesses and has been the subject of tax-fraud and money-laundering charges in France.
(Of course, as you imagine, Northern Virginia voters, whose main source of news is the Washington Post, will know little of such things, as the paper actively supports McAuliffe and buries these stories, so if you know any please send them the link to this.)
If, as I hope, McAuliffe loses, it will mean a gut check for those Democrats heading into a 2022 reelection fight. It tells them that people are sick of this craziness and their own careers are in danger. I expect that since their personal political careers are the first of their interests, self-seeking congressional Democrats will cut their strings to the loonies in the Squad and the Sandernistas.
A MILLION MORE ILLEGALS IN AMERICA'S OPEN BORDERS WHERE THERE ARE A MILLION HOMELESS LEGALS.
Immigration Follies
Thousands of aliens are heading toward the border to join the more than one million who already illegally crossed under this administration, and, almost entirely unvetted, have been transported around the country. Citizens, many of whom jumped through years-long hoops to satisfy what is still immigration law totally ignored by this administration, are incredulous at the latest report, as Roger L. Simon explains:
WASHINGTON -- The Biden administration is in talks to offer immigrant families that were separated during the Trump administration around $450,000 a person in compensation, according to people familiar with the matter, as several agencies work to resolve lawsuits filed on behalf of parents and children who say the government subjected them to lasting psychological trauma.
“The U.S. Departments of Justice, Homeland Security, and Health and Human Services are considering payments that could amount to close to $1 million a family, though the final numbers could shift, the people familiar with the matter said.”
$450,000 a person? This when millions of actual taxpaying American citizens are suffering, barely able to make ends meet during the pandemic, and inflation is on a record pace. Not even Anthony Fauci, allegedly the highest paid government official, makes that much, at least in salary.
Psychological trauma? How about causing psychological trauma to a whole country at once? Never in my life have I heard anything so insane.
Something Big is Coming
Dilbert creator Scott Adams tweeted this week: ”The country’s energy is strange. Everything is amped up in every direction. Something big is coming.” He’s rarely wrong about such things.
Adams said he doesn’t know what that something big is, but I’m hoping it is a major shift in America’s political tectonic plates. I may be looking too hard for it, but I, too, feel it in my bones.
Infrastructure Faceplant
For one thing the wacky spending program the Democrats were proposing and fiddling with seems to have hit the shoals, trapped between the far left and the more moderate senators Kyrsten Sinema and Joe Manchin. Even the leftward Politico cannot spackle over the dilemma, a dilemma that is the only thing preventing Democrats from turning our constitutional republic into a totalitarian socialist economic mess in which only the most authoritarian and corrupt rule over a greatly impoverished citizenry.
For the second time in less than a month, Speaker Nancy Pelosi and her leadership team had to delay a vote on Senate-passed infrastructure bill amid progressive opposition, denying President Joe Biden a much-needed win as Democrats’ bigger, $1.75 trillion social spending plan also remains in limbo.
“I think it’s wholly apparent that today was not a success,” said Virginia Rep. Abigail Spanberger, whose state has a high-stakes gubernatorial showdown Tuesday that Democrats were hoping to boost with the infrastructure vote.
“Because people choose to be obstructionists, we’re not delivering these things to my state or to the rest of the country,” the swing-district Democrat added. “I guess we’ll just wait because apparently failing roads and bridges can just wait in the minds of some people.”
Democrats slunk out of the House chamber embarrassed -- furious at the liberals who dug in and a White House that refused to pressure them to relent -- and openly fretting about the long-term repercussions, given the tough climb they face in the midterms.
Virginia Gubernatorial Race
Terry McAuliffe, who was supposed to be a shoo-in for a second term as governor of Virginia, seems to be in a lot of trouble. Good polls can only measure general sentiment in my view, but all that I’ve seen show that sentiment has rapidly shifted in favor of his opponent Glenn Youngkin. To my mind McAuliffe’s fatal miscalculation was to stand with the teachers’ unions, the obstructive, dictatorial Loudon County school board against the parents. Northern Virginia is heavily populated by tech and professional federal employees who in recent years have tended to vote Democrat, but these are people who can be expected to be concerned with the public school education of their children, and McAuliffe, reflexively tone deaf to such concerns, placed himself perilously on the third rail.
How bad is his campaign going? It could hardly be worse. So few people have turned out in places like Arlington, Virginia, that he’s skipped showing up at the final rallies -- rallies designed to snowball voter support. At one of those rallies. Pharrell Williams, a noted hip hop singer and music producer, told the crowd it’s okay if they vote for Glenn Youngkin -- not something I’d think the rally organizers wanted to hear.
The odious and discredited Lincoln Project tried to help McAuliffe by staging a pretend white nationalist display for Youngkin. I suppose, because they were torn between trying to pay honor to diversity while smearing Youngkin, they included a young black man in the mix of demonstrators, immediately undercutting the message of the scam that this was a white nationalist demonstration. In fact, one of the “white nationalists” was the financial director for Young VA Dems. About the same time this ploy flopped, others reminded voters that McAuliffe had defended the present Democrat governor of Virginia Ralph Northam’s appearance in blackface costume, and it turned out that McAuliffe’s spokesperson (who also worked for the Harris and Biden campaigns) had posted racist tweets in 2012. Just as #MeToo backfired -- this week against New York Governor Andrew Cuomo, now charged with a misdemeanor sexual offense against a staffer -- the cancel culture mining of ancient racist comments is now backfiring against the Democrats who had made this something of a cottage industry.
Days later, McAuliffe was charged with accepting an illegal laundered $350,000 contribution from a Sri Lankan businessman.
The National Legal and Policy Center is asking the FEC to "promptly investigate" whether the contribution to the Virginia gubernatorial candidate violated federal laws prohibiting campaigns from accepting political donations from foreign nationals.
"Terry McAuliffe has a history of accepting foreign contributions. The FEC must fully investigate these serious charges that he accepted $350,000 in illegal foreign contributions for his current campaign," said Washington, D.C. attorney, Paul Kamenar, counsel to NLPC, who drafted and filed the complaint with the FEC.
LycaTel LLC, owned by Sri Lankan-British national Allirajah Subaskaran, gave McAuliffe $350,000 in July, the Free Beacon first reported in early October. The company is a New Jersey subsidiary of Subaskaran’s U.K.-based telecom conglomerate, which boasts a complicated web of offshore businesses and has been the subject of tax-fraud and money-laundering charges in France.
(Of course, as you imagine, Northern Virginia voters, whose main source of news is the Washington Post, will know little of such things, as the paper actively supports McAuliffe and buries these stories, so if you know any please send them the link to this.)
If, as I hope, McAuliffe loses, it will mean a gut check for those Democrats heading into a 2022 reelection fight. It tells them that people are sick of this craziness and their own careers are in danger. I expect that since their personal political careers are the first of their interests, self-seeking congressional Democrats will cut their strings to the loonies in the Squad and the Sandernistas.
Changing the Climate
Ostensibly to chat with the Pope about such theological issues as climate change -- apparently the latest religious belief superseding what most people consider Catholicism -- President Biden (who reportedly took 800 staffers with him to the Climate Conference in Glasgow, Scotland) cruised through Rome in an 85-vehicle motorcade.
What more could you ask to show how seriously Biden takes the issue of greenhouse gases and fossil fuels?
Speaking of “serious,” how can you not laugh at a president so stupid that he said, “When you buy an electric vehicle, you can go across America on a single tank of gas figuratively speaking. It’s not gas. You plug it in.” Sure, you do, and you have to plug it in every few hundred miles and wait for hours for it to charge, unless somewhere someone has invented some very very long and sturdy extension cords. And, of course, plugging it in requires electric power from somewhere, and there’s a substantial shortage of it because of the same loony energy policies that are now forcing up gas and electric power prices around the country and the world.
Immigration Follies
Thousands of aliens are heading toward the border to join the more than one million who already illegally crossed under this administration, and, almost entirely unvetted, have been transported around the country. Citizens, many of whom jumped through years-long hoops to satisfy what is still immigration law totally ignored by this administration, are incredulous at the latest report, as Roger L. Simon explains:
WASHINGTON -- The Biden administration is in talks to offer immigrant families that were separated during the Trump administration around $450,000 a person in compensation, according to people familiar with the matter, as several agencies work to resolve lawsuits filed on behalf of parents and children who say the government subjected them to lasting psychological trauma.
“The U.S. Departments of Justice, Homeland Security, and Health and Human Services are considering payments that could amount to close to $1 million a family, though the final numbers could shift, the people familiar with the matter said.”
$450,000 a person? This when millions of actual taxpaying American citizens are suffering, barely able to make ends meet during the pandemic, and inflation is on a record pace. Not even Anthony Fauci, allegedly the highest paid government official, makes that much, at least in salary.
Psychological trauma? How about causing psychological trauma to a whole country at once? Never in my life have I heard anything so insane.
No matter how hard the mainstream press tries to bury such things, ordinary voters cannot miss the fact that the administration’s idiotic policies and tinkering already have resulted in supply shortages, higher prices, higher energy costs and terrible schools that are miseducating their children and undermining parental authority. Just as bad, all this would lead to even higher taxes. They’re waking up and that means to me that the ground is shifting under the Democrats’ feet. That is “something big.”
“Lower-income households faced sluggish real wage growth, economic insecurity, tighter credit limits, and increasingly unaffordable assets. Higher-income households, on the other hand benefited from the financial asset inflation caused by QE.”
The One Percent
https://www.youtube.com/watch?v=HmlX3fLQrEc
The Rise Of The Super Rich - Untold Wealth Of The One Percent Documentary 2020
https://www.youtube.com/watch?v=TNRwERkZhjs
But business and progressive groups insist that 300 million Americans must subordinate their families to the elites’ goal of importing l0w-wage migrants. “Citizenship Day is a reminder that the job of every single one of us is to ensure that America remains a country worthy of immigrants’ aspirations,” Biden said in a September 17 video.
CALIFORNIA ONE THIRD OF U.S. JOBLESS, REAL ESTATE NIGHTMARE OR
DREAM, INVESTING STRATEGY, OIL PRICES
https://www.youtube.com/watch?v=WkjTZ2lwM6g
Chris Hedges | It's Not The Poor Who Make Revolution
https://www.youtube.com/watch?v=VA67xdufl5U
Megan McArdle Discusses How America's Elites Are Rigging the Rules - Newsweek/The Daily Beast special correspondent Megan McArdle joins Scott Rasmussen for a discussion on America's new Mandarin class.
http://mexicanoccupation.blogspot.com/2013/03/obamas-wall-street-and-looting-of.html
PATRICK BUCHANAN: OBAMA’S ASSAULT ON AMERICA BEGINS AT OUR BORDERS
http://mexicanoccupation.blogspot.com/2015/06/patrick-j-buchanan-when-obama-turned.html
OBAMA-BIDENOMICS FOR THE RICH
Study: Elite Zip Codes Thrived in Obama Recovery, Rural America Left Behind
4:49
Wealthy cities and elite zip codes thrived under the slow-moving economic recovery of President Obama while rural American communities were left behind, a study reveals.
ITS WORSE THAN I SAID, WEALTH GAP DEEPENS, STOCK BROKERS SELL TRADERS DATA + CARGO CRISIS UPDATE
https://www.youtube.com/watch?v=QWypJ3fVH6Y
Goodbye Middle Class: 50 Percent Of All U.S. Workers Made $34,612.04 Or Less Last Year
https://www.youtube.com/watch?v=ScyKgUtyqV0
RECESSION? ONLY FOR THE RICH. FOR THE REST OF US IT IS CLEARLY A DEPRESSION!
ARE YOU FEELING THE RECESSION? ECONOMIST WARN IT'S HERE NOW, PANIC BUYING, HOME PRICES OUT OF REACH
https://www.youtube.com/watch?v=YmXD-BePT7A
The Great Resignation: Why Millions Of Workers Are Quitting
https://www.youtube.com/watch?v=1hKXEEUElO8
Why Are Millions Of Americans Quitting Their Jobs And Not Getting New Ones?
https://www.youtube.com/watch?v=Z5NkrkQltUQ
Ryan Grim: 4.3 Million Workers Just Told Their Bosses To Shove It
https://www.youtube.com/watch?v=2JIpEi8nh4k
GOODBYE MIDDLE CLASS - U.S. WORKERS ARE BROKE - SERIOUS FINANCIAL PROBLEMS - SURVIVING ON LOW WAGES
https://www.youtube.com/watch?v=0M_nq1aMZ9M
Zillow STOPS Buying. Housing Crash NEXT?
https://www.youtube.com/watch?v=BdCK9RKng1Q
THE ECONOMY WILL HIT A WALL, LEGENDARY INVESTOR WARNS, NEXT FINANCIAL CRISIS
HOME FLIPPERS BEWARE
https://www.youtube.com/watch?v=X-i5BfUNa6w
Idaho feels impact of drug trafficking from border
https://www.youtube.com/watch?v=pFiTwBf6HwI
Gov. Abbott blasts Biden's 'catastrophic open border policies' for migrant crisis
https://www.youtube.com/watch?v=tXTlDlhWfHM
IS THE BIDEN REGIME AS 'LAWLESS' AS THE BANKSTER REGIME OF BARACK OBAMA, JOE BIDEN AND ERIC HOLDER?
Gingrich accuses Biden administration of 'rejecting' reality
https://www.youtube.com/watch?v=VikaR607-C4
America's Fate: Oligarchy or Autocracy.
https://www.youtube.com/watch?v=jS-7Cymfg_I&t=346s
CALIFORNIA JOBLESS SURGE, AMERICAN AIRLINES ON LIFE SUPPORT, ECONOMIC COLLAPSE NEWS
https://www.youtube.com/watch?v=0kKxUeHdjQg
CALIFORNIA IN MELTDOWN
UNCERTAIN TIMES AHEAD AS ECONOMIC DESTRUCTION CONTINUES - INFLATION GETS
WORSE - RESTAURANTS CLOSING
https://www.youtube.com/watch?v=Hz2cOBcNG8o
FINANCIAL ENDGAME FOR UNPREPARED AMERICANS - ECONOMIC NIGHTMARE IS NOW
REAL - FED WILL NOT SAVE YOU
https://www.youtube.com/watch?v=tHNa239EDvg
Neofascist seizure of America’s state governments
https://www.youtube.com/watch?v=bJnzA-ZvXt8
US records lowest growth rate in pandemic “recovery”
The latest data from the US Commerce Department, showing gross domestic product grew at an annual rate of only 2 percent in the third quarter, down from 6.7 percent over the previous three months, is part of a global trend.
The US slowdown comes in the wake of lower growth in China, where third quarter growth fell to 4.9 percent year on year—an increase of only 0.2 percent on the previous three months—and the announcement earlier this week by the German government that it was cutting its forecast for growth this year from 3.5 percent to 2.6 percent.
This means that the world’s first, second and fourth largest economies respectively have all reported lower growth this month.
The situation is no better in the world’s third largest where the Bank of Japan this week revised down its growth estimate for the year to March 2022 from 3.8 percent to 3.4 percent. Over the longer term it said potential economic growth was “around zero or slightly positive.”
The US growth figure of 2 percent in seasonally adjusted terms was the lowest since the recovery from the pandemic recession and was well below economists’ forecasts of a 2.7 percent increase.
The main factor in the decline was the fall in consumer spending which rose at an annual rate of just 1.6 percent for the quarter compared to an increase of 12 percent in the second. Behind this was a 9.6 percent decline in consumer goods purchases which has been attributed to supply chain problems.
New vehicle sales fell by an annual rate of 68.1 percent, furniture sales dropped by 15.4 percent and sales of household appliances were down 17.7 percent. Services spending rose at an annual rate of 7.9 percent compared to an annual increase of 11.5 percent in the previous quarter.
Business spending on capital equipment also showed a decline. It fell at an annual rate of 3.2 percent in the September quarter, largely because of reductions in spending on technical equipment and transportation.
As the US economy shows signs of slowing, inflation continues to rise. The consumer price index rose by 5.4 percent in September and shows no sign of abating. When prices began to rise as a result of increased commodity prices, particularly for oil and energy, and as a result of supply chain problems, Fed chair Jerome Powell insisted the surge would be “transitory.”
But confronted with economic reality, Powell has had to adjust his assessment. Speaking at a virtual conference last week, he said: “Supply-side constraints have gotten worse. The risks are clearly now to longer and more persistent bottlenecks, and thus to higher inflation.”
The Fed’s greatest concern is that the rising inflation will further fuel the developing upsurge in the working class. Powell repeated previous assurances to Wall Street that “no one should doubt that we will use our tools to guide inflation back down to 2 percent.”
The surge in inflation and the development of bottlenecks across the economy is being blamed on the effects of the pandemic.
But a different perspective was provided in a comment piece published in the Financial Times earlier this month by Jeff Currie, the head of commodities research at Goldman Sachs.
He wrote that apart from some labour issues the present bottlenecks “have little to do with COVID.” The roots of the “commodity crunch,” he continued, could be “traced back to the aftermath of the financial crisis and the following decade of falling returns and chronic under-investment” in what he called the old economy.
This was a direct result of the policies pursued after the global financial crisis of 2008 when the Fed, via its quantitative easing (QE) program, supported financial markets.
“Lower-income households faced sluggish real wage growth, economic insecurity, tighter credit limits, and increasingly unaffordable assets. Higher-income households, on the other hand benefited from the financial asset inflation caused by QE.”
This disparity in incomes hit the old economy hard. As lower-income demand fell so longer-term investment declined “in favour of short-cycle ‘new economy’ in investment in areas such as technology.” Currie did not refer to it, but he could have pointed to the massive amounts of capital that were diverted to speculation on stocks and other financial assets as well as share buybacks.
His conclusion was that “as infrastructure aged and investment waned, so did the old economy’s ability to supply and deliver the commodities underpinning many finished goods” and, after years of neglect, phenomena such as rising gas prices and copper shortfalls could be described as its “revenge.”
The European economy is also being gripped by the same forces—rising inflation and supply bottlenecks. In her press conference following a meeting of the European Central Bank’s governing council on Thursday, ECB president Christine Lagarde acknowledged these factors would remain longer than expected.
She maintained, however, that price rises were temporary as she pushed back against pressure to raise interest rates. At 4.1 percent, the annual rate of inflation in the euro zone is at its highest level in 13 years and in Germany it reached 4.6 percent this month, the highest since 1993.
In Spain the inflation surge is even stronger with prices rising at an annual rate of 5.5 percent in October, the biggest increase in almost three decades and a full percentage point above predictions by economists.
Rising energy prices, which have gone up by 18.6 percent, according to the German statistical agency, are cited as the main reason for the overall surge in consumer prices.
Lagarde said the ECB’s discussions have been focused on “inflation, inflation, inflation” and the governing council had done a lot of “soul searching” to test its analysis that it would subside.
Financial markets are already pricing in higher levels. However, Lagarde said the ECB analysis did not support raising interest rates next year “nor anytime soon thereafter.”
This stand is being driven by the fear that any interest rate rise could choke off the recovery in the euro area economy. Lagarde said while the economy continued to recover “strongly,” momentum had “moderated to some extent.”
Despite the ECB’s efforts to maintain stimulation, it may be overwhelmed by market movements. Questioned about ECB policy in the light of moves for rate tightening by the Canadian, New Zealand and UK central banks, Lagarde said such comparison were “odious” and the outlook was different in Europe.
As she spoke, financial markets, increasingly sceptical of the claim that inflation is a passing phase, were giving a different message. A comment in Bloomberg noted that the yields on five-year Italian bonds have surged in the past weeks and reached their highest level in more than a year.
The ECB, like other central banks, seeks to give the impression that it has the economy in hand but the surge in inflation, the result of forces beyond its control, is making that much more difficult.
CLINTON – OBAMA – TRUMPERNOMICS:
STEAL FROM THE AMERICAN MIDDLE-CLASS and
HAND IT TO THE SUPER RICH ON A SILVER
PLATTER!
http://mexicanoccupation.blogspot.com/2018/05/clinton-obama-trumpernomics-rich-get.html
"The Wealth-X report shows that the world’s billionaire population has grown by 15 percent, to 2,754 people, since 2016, and that the wealth of these billionaires “surged by 24 percent to a record level of $9.2 trillion,” equivalent to 12 percent of the gross domestic product of the entire planet."
The legislation has been shaped entirely by the class interests of the capitalist ruling elite, which demands both a continued supply of cash from the Treasury and a stepped-up supply of low-wage labor in the midst of the pandemic. In the course of these “negotiations,” measures that provide subsidies to businesses or promote the entry of more workers into the labor force have advanced, while measures that cost business money, sustain working people while they are not actively employed, or simply improve their lives, have been killed.
Biden opened the border, flooding our nation with millions of unemployed, unvetted, often terribly sick people who have no knowledge of or respect for our institutions. Most plan to get the welfare and health care Biden promised. Nothing stops terrorists and serious criminals, including killers; rapists; pedophiles; and traffickers of women, children, and drugs. America receives no benefit from opening our border to impoverished, illiterate people from over 120 countries. To add insult to injury, while Americans are being destroyed over the vaccine mandate, illegal aliens need not be vaccinated.
Biden’s ‘Build Back Better’ Budget Includes $80B Wealth Transfer to Illegal Aliens
President Joe Biden’s “Build Back Better Act,” a filibuster-proof $1.75 trillion budget reconciliation package, includes an $80 billion wealth transfer from Americans to illegal aliens via child tax credits.
This week, Democrats unveiled a reconciliation package that they negotiated with the Biden administration that would extend the Child Tax Credit (CTC) for another year and deliver billions of dollars to illegal aliens who would be able to claim the tax credit without ever having to work.
Specifically, as Breitbart News reported, estimates project that, if passed, the budget would provide illegal aliens with about $80 billion in child tax credits over the course of a decade — a massive cost to American taxpayers who would have to foot the bill. Analysis by the Center for Immigration Studies explains:
We estimate that illegal immigrants will receive $8.2 billion in payments from the new program annually — more than triple what they were eligible for under the old [Additional Child Tax Credit] — while legal immigrants will receive $17.2 billion. The 10-year cost just for illegal immigrants would total roughly $80 billion.
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