Wednesday, May 4, 2022

President Joe Biden is seeking to provide green cards to tens of thousands of Afghans who were quickly resettled in American communities over the last eight months amid a federal investigation that found many have possible ties to terrorism and were not properly vetted.

The quasi-amnesty plan is slipped into a funding request where Biden is asking Congress to approve $33 billion in American taxpayer money to send to Ukraine.

As part of the plan, Afghans given humanitarian parole by the Biden administration would be allowed to adjust their immigration status to obtain lawful permanent residence, otherwise known as a green card. After five years of holding a green card, the Afghans would be able to apply for naturalized American citizenship.

“The Secretary of Homeland Security, in the Secretary’s discretion, may adjust the status of an Afghan national … whose parole has not been terminated, to that of an individual lawfully admitted for permanent residence provided that the Afghan national,” the plan states.

Dan Stein with the Federation for American Immigration Reform (FAIR) said in a statement that the plan is simply another effort by Biden “to blow holes in our already crippled immigration system.”

“These are not people who lent material support to U.S. forces during the 20 years we spent in Afghanistan,” Stein said. “Rather, many are random people who arrived in the United States after the Taliban takeover, and were admitted under the Biden administration’s widely abused power of parole.”

Biden has resettled more than 85,000 Afghans in American communities across 46 states since mid-August 2021 and plans to continue resettling tens of thousands of Afghans throughout the year while asking Congress to authorize the resettlement of Afghans for the next decade.

The resettlement failed to properly vet Afghans against counter-terrorism databases, the Department of Defense’s Inspector General revealed in an explosive investigation in February.

As of November 2021, the report states that 50 Afghans already in the U.S. have been flagged for “significant security concerns.” Most of the unvetted Afghans flagged for possible terrorism ties have since disappeared in the U.S. In one instance, only three of 31 Afghans flagged months ago for security concerns could be located.

The resettlement was first authorized by 49 House and Senate Republicans, who joined Democrats in September 2021 to fund the resettlement to the sum of $6.4 billion. Then, in December 2021, 20 House and Senate Republicans helped Democrats pass an additional $7 billion in funds to ramp up the endless Afghan migration.

Refugee contractors, the non-governmental organizations (NGOs) that rely on American taxpayer money to resettle refugees across the U.S. annually, secured billions as a result of the funding measures.

Every five years, refugee resettlement costs taxpayers nearly $9 billion. Over the course of a lifetime, taxpayers pay about $133,000 per refugee, and within five years of resettlement, roughly 16 percent will need taxpayer-funded housing assistance.

Over the last 20 years, nearly a million refugees have been resettled in the nation — more than double that of residents living in Miami, Florida, and it would be the equivalent of annually adding the population of Pensacola, Florida.

John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.

ECONOMIC COLLAPSE PICKS UP SPEED, HOUSING BUBBLE TROUBLE, ENTERTAINMENT SPENDING DROPS

https://www.youtube.com/watch?v=-AfcYiykhKs

15 Signs That Global Financial Markets Smell Blood In The Water

https://www.youtube.com/watch?v=B_KpwDUyKgo

Global financial markets are facing a devastating downturn that has already led big corporations to report losses of billions of dollars. As signs of weakness spread, speculators have nowhere to hide anymore. All major indexes are plummeting, and several high-flying stocks are dropping by as much as 90% from their peaks. In the US, Europe, China, and Russia, investors are getting increasingly spooked by the prospect of a severe slowdown in economic activity amid extremely stretched market valuations. Pessimism is everywhere and fear is rapidly spreading. Bubbles have started popping, and top Wall Street players can see that a stock market crash is on the horizon. 
Things could get much uglier on financial markets when the US economy tips into recession. Thanks to 8.5% inflation, real hourly earnings in the US have actually shrunk by 2.7% in March, compromising Americans’ purchasing power. In 2020, consumers used their stimulus checks to pay down credit-card debt, but since 2021, they’ve been borrowing money at a breathtaking pace, and rising interest rates are leading us to another credit crunch. According to market strategist David P. Goldman, this also means that when the US goes into recession, the tech complex could face something like the devastation that ensued after the 2000 recession, when the NASDAQ 100 lost more than 80% of its value between March of 2000 and September 2002.
All of that spells more trouble for stocks, especially at a time of extreme overvaluation. The Buffet Indicator is at an all-time high, showing that the U.S. market capitalization was at 211% of GDP in January. In a recent conference, Berkshire Hathaway lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” “Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism,” Buffett said. “They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.” Buffett sustained that most large American companies leading the rally have “become poker chips” for market speculation.

There is way too much risk, way too much debt, and way too much leverage in the global financial marketplace. The entire system seems to be racing toward another major crisis. Only this time, big governments around the world won't be able to come to the rescue. That is why what is happening right now is so worrying. The global financial markets are like a house of cards built on a foundation of sand, and investors are more vulnerable today than they have been at any other time in history. When a major domino falls, it is likely to spark a massive chain reaction, and once confidence disappears, the game can change very quickly. For that reason, today, we compiled some key signs that the carnage in financial markets is about to get worse. 
 
For more info, find us on: https://www.epiceconomist.com/
And visit: http://theeconomiccollapseblog.com/

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THE BIDEN CRIME MAFIA - 50 YEARS OF BRIBES

A 'corrupt family occupies the White House'

https://www.youtube.com/watch?v=c8EeTFlXWk0

Food Shortages Surge to Record High, Food Price Inflation 2nd Highest Ever

Getty Images/ Stas_V

JOHN CARNEY

2 May 20220

1:36

The supply of food around the globe saw a sharp uptick in disruptions, survey data from S&P Global indicated Monday.

Supply shortages matched the record hit at the height of the global financial crisis in 2008.

“Supply shortages surged in April to reach a joint-record level as the war in Ukraine continued to hit global food exports. Reports of increased food prices were meanwhile at the second-highest on record,” said S&P Global economist Usamah Bhatti.

The Global Supply Shortages Index signaled that shortages were just under seven times higher than the normal level, unchanged from March’s four-month high. Freight capacity remained the hardest hit, with reports of shortages at the highest since last December, S&P Global said.
“Transport capacity remains the most severely affected, with reports of a lack of logistical capacity nearly 32 times above the normal level, as vessel shortages and port congestion continue to disrupt the supply of materials. At the same time, while price pressures eased, firms reported that freight costs were rising at 11 times the normal speed,” Bhatti said.

Global price pressures were also unchanged from March at the start of the second quarter, indicating that tightening by central banks around the world has not yet reigned in inflatin. Reports of higher prices for electrical items reached the highest level since May 2021, S&P Global said.

Bidenflation: Trade Deficit Soars Over $100 Billion For The First Time Ever

Frederic J. Brown/AFP via Getty Images

JOHN CARNEY

4 May 20220

2:39

The U.S. trade deficit rose an astonishing 22 percent in March to $109.8 billion as prices of oil and imported products rose due to soaring inflation, according to data released Friday by the Census Bureau and the Bureau of Economic Analysis.

The trade gap for February was revised up to $89.8 billion, making it the previous record high. January’s figure was $89.23, which was then a record high.

Economists had been expecting the deficit to hit $106.5 billion, according to Econoday.

Imports jumped 10.3 percent in March to a record $351.5 billion. The figures are not adjusted for inflation so much of the gain is likely due to higher prices and not solely caused by an increase in imports. Oil prices surged in March, contributing to the surge in nominal imports.

Exports were also up, rising 5.6 percent to $241.7 billion, also a record.

U.S. imports have surged in nominal terms as inflationary pressures have put the U.S. economy in a headlock. Strong demand from U.S. consumers, flush with excess savings from suppressed spending during the lockdowns and stimulus checks, pushed imports above $300 billion last fall. March was the fifth consecutive month above that highwater mark.

Exports have risen more slowly than imports because the economies of nations that buy U.S. goods and services have experienced more sluggish recoveries than the U.S. As a result, much of the deficit spending of the U.S. federal government, supported by record levels of government debt issuance, is being transferred as income to foreign producers. That deprives the U.S. government of tax revenue, decreases U.S. household income, and creates the need for more deficit spending or private sector debt to fill the income hole. Imports get subtracted from GDP and were a major reason the economy contracted in the first quarter of the year.

The surge in imports in the first quarter of the year also reflects a clearing of the backlog of goods that had been stuck on ships at U.S. ports, especially those near Los Angeles. Imports increased for finished metal shapes, passenger cars, computers, clothing, toys, and furniture. Exports of petroleum products, including crude oil and fuel oil, and natural gas rose in March.