GAMER LAWYER JOE BIDEN'S GIFT TO AMERICA: POVERTY AND OPEN BORDERS AND MILLIONS OF UNSKILLED DEM VOTERS TO KEEP WAGES DEPRESSED

 

SVB Went Woke, Then Broke, Then Got a Bailout

Americans can’t afford food, but leftist and Chinese companies get bailed out.

March 17, 2023 by Daniel Greenfield 15 Comments

Silicon Valley Bank spent billions on green energy, millions on Black Lives Matter and other leftist causes, until it finally ran out of ‘other people’s money’.

That’s when the Biden administration decided to bail out its depositors.

At a dinner hosted by Peter Orszag, Obama’s former budget director, Wally Adeyemo, Obama’s Nigerian assistant treasury secretary and Biden’s deputy treasury secretary, chatted with Blair Effron, an influential Biden donor, serving on Biden’s Intelligence Advisory Board, who had been hired as an advisor by SVB to deal with its financial crisis. The outcome was inevitable.

“Because of the actions that our regulators have already taken, every American should feel confident that their deposits will be there if and when they need them,” Biden lied.

The deposits of ordinary Americans were already protected up to $250,000.

But unlike banks that serve ordinary customers, the vast majority of SVB’s clients held over $250,000 and were not protected by FDIC insurance. Rather than risk its political donors and allies having to take a 10% loss on their funds, the Biden administration illegally bailed them out while unilaterally transforming FDIC insurance into a protection plan for its political allies.

The Biden bailout was not there to protect Americans, but leftist and even Chinese interests.

SVB was the embodiment of Environmental, Social, and Governance or ESG investing which prioritizes leftist politics over profitability. The Biden administration recently announced that it would allow 401(k) pension plans to be put into ESG instead of reliable investments potentially endangering the retirements of tens of millions of Americans which might also get ‘SVB’d.’

While SVB focused on “climate change” and “diversity”, it ignored rising interest rates. The woke bank was too busy with its politics to deal with the math. SVB had no risk officer for 8 crucial months, but its risk officer for Europe, Africa and the Middle East focused on sharing her “experiences as a lesbian of color” and “moderating SVB’s EMEA Pride townhall.”

CEO Greg Becker led quarterly diversity, equity and inclusion town halls instead of figuring out that startups squeezed by rising interest rates would need money that the bank didn’t have.

Silicon Valley Bank directed over $73 million to Black Lives Matter and other causes. It put millions into, among others, the Accion Opportunity Fund which describes its mission as advancing “racial, gender and economic justice”. It focused on “building a culture of Diversity, Equity and Inclusion” and advancing the “transition to a low-carbon world.”

SVB’s mission was to force 100% of its employees to participate in DEI indoctrination.

Newsweek named SVB one of “America’s Most Responsible Companies”: not because the woke bank managed its money well, but because it had the right politics.

Now one of “America’s Most Responsible Companies” is responsible for economic devastation.

SVB mastered wokeness, but failed economics 101. And that was by design. Its real business was politics. By financing leftist causes, SVB had become politically too big to fail. While its own finances are wrecked, the Biden administration quickly stepped in to protect its woke depositors.

The SVB bailout was an announcement that the Biden administration would stand behind woke financial institutions and instruments, socializing the pain by spreading it to more stable financial systems, no matter how irresponsibly they put funds at risk in the pursuit of their politics.

SVB’s clients included California Gov. Newsom’s wine companies as well as assorted politically connected figures, and “1,550 climate tech and sustainability” companies and churned out billions in loans for the woke companies pitching government-subsidized ‘green’ tech.

The woke bank hoovered up subsidies and tax breaks to worthless wind and solar programs and its collapse will leave a “hole” in the green industry. The intersection between the Biden administration’s special interests and SVB was made clear in the Washington Post’s headline, “Biden Boosted Clean Tech. How Much Will SVB Set It Back?”

Last year, Pink Energy, a solar company, shut down after multiple complaints about lying to customers about how much money they would save by switching to worthless solar. The Ohio Attorney General finally issued an injunction against Pink. And Pink’s financing came through Sunlight Financial Holdings which kept the majority of its money in an SVB account.

That’s the sort of junk ‘green’ businesses that the Biden bailout was meant to reward.

SVB was a key element in a woke economy that moved money to political causes with no fiscal responsibility. Its board of directors was short on banking officials, but included major Democrat donors, including a Pelosi neighbor, as well as Janet Yellen’s protege: Mary J. Miller, who had implemented the Dodd-Frank reform package and also chaired the San Francisco Fed’s Diversity and Inclusion Council. Meanwhile, SVB CEO Greg Becker sat on the Fed’s board.

The San Francisco Fed should have monitored SVB’s books and spotted the trouble, but instead it focused instead on fighting “systemic racism” and making banking more “inclusive”.

Going out of business is inclusive.

Not satisfied with bailing out their own supporters, the Biden administration also set out to bail out our enemies.

One of SVB’s major client bases was in China. Chinese companies were able to open an account in a week while “mainstream traditional banks, such as Standard Chartered, HSBC, Citi have strict compliance and it takes a long time to start a bank account with them.”

It’s unclear how many of these Chinese businesses, some likely linked to the Communist Party, Biden has chosen to bail out at the expense of bank customers and while further feeding the inflation that is destroying American families and wiping out the remains of the middle class.

Silicon Valley Bank also maintained a joint venture with China’s Communist state owned

Shanghai Pudong Development Bank which has been under investigation for aiding North Korea’s nuclear program meant to kill millions of Americans. That venture however does not appear to be affected by SVB’s collapse or the illegal Biden bailout of woke capital.

Like SVB, Signature Bank, the second ESG bank that failed, had social impact reports and provided climate disclosures. Its boss led a seminar on gender neutral pronouns and former Rep. Barney Frank (half of Dodd-Frank’s regulatory regime) served on its board. Meanwhile, the DOJ was conducting a criminal investigation involving money laundering by its clients.

ESG is a disaster causing the third largest bank failure in America in just two days.

But ESG is too big to fail because it is at the heart of the leftist scheme to divert money into its causes and to fund its activism. The SVB disaster revealed how fiscally unsound these economic schemes are and how the Democrats will abuse their power to protect them anyway.

Even as the Fed pushes interest rates higher to slow down the economy and inflation, the Democrats have plenty of money on tap for their political allies. American families may not be able to afford to buy eggs, but the cash keeps on flowing for woke capital.

Go woke, go broke and if you support him, Biden will still bail you out.

Daniel Greenfield

Daniel Greenfield, a Shillman Journalism Fellow at the David Horowitz Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism.

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By German Lopez

Good morning. America’s neediest are dealing with food stamp cuts and rising prices at the same time.

A Dollar General in Lexington, S.C., in 2021.Erin Schaff/The New York Times

A ‘hunger cliff’

Earlier this year, millions of Americans got a notice: Your food budget is about to be cut, potentially by hundreds of dollars a month. Here are some tips on how you can manage. You can’t appeal.

The notices signaled the coming end of a federal increase in food stamps that started in the early days of the pandemic, when unemployment spiked and lawmakers feared that hunger would, too.

The cuts come at a particularly bad time for low-income Americans. Grocery prices increased 10 percent over the past year, according to data released this week. It amounts to a one-two punch: The country’s neediest have less aid to pay for food as it’s getting more expensive.

The big question is what happens now. Some experts have warned that the country is approaching a “hunger cliff,” with the number of Americans going hungry likely to spike this spring. To buy food, other families may have to use money that would otherwise have gone to rent or other bills — and fall behind on those payments.

The stress on family food budgets represents a tangible example of how a recent rise in the nation’s poverty rate is affecting people’s lives. The poverty rate fell sharply in 2021 — to 7.8 percent by one measure, from 11.8 percent in 2019 — thanks mostly to economic relief laws that Congress passed in response to Covid. But Congress has let many provisions expire, and the poverty rate rose in 2022 as a result.

“It is a very large and abrupt change,” said Ellen Vollinger of Food Research and Action Center, an advocacy group. “The hardship will fall on these families.”

Emergencies’ end

We already have a glimpse of how the food stamp cuts will play out. This month’s cuts ended the expanded benefits in the 32 states that still had them, but 18 states had already revoked their extra benefits. In those 18 states, food insecurity, which measures insufficient access to food, rose more quickly than in states that kept the benefits, researchers at Northwestern University and the Jain Family Institute found.

These charts from my colleague Ashley Wu show the trend in four of the states that cut food stamps earlier. The data fluctuates. But generally, more households struggled to get enough to eat after the cuts:

Sources: Jack Landry, Jain Family Institute; U.S. Census Bureau Household Pulse Survey | Data is through August 2022. | By The New York Times

The situation could get worse. When many of those 18 states cut benefits, food prices were rising less quickly than they have been more recently. The government adjusts food stamps for inflation, but only once a year, in October. So if prices keep rising quickly, the real value of food stamps will fall behind for the next several months.

Food stamp benefits will still be higher than they were before the pandemic because the Biden administration separately increased them in 2021. But those increases don’t outweigh the end of emergency benefits for many recipients, meaning their food budgets will still decrease.

Some conservatives say the warnings are overblown. Angela Rachidi of the American Enterprise Institute argued that the effects of the emergency benefits were exaggerated and that they were always supposed to be temporary.

Return to normal

Ultimately, the food stamp cuts will probably push more people — potentially millions more — into poverty, said Megan Curran of the Center on Poverty and Social Policy at Columbia University. That increase will largely erase what remains of recent years’ progress on the issue.

In that sense, the food stamp cuts fit into a broader story: During the pandemic, the U.S. expanded its safety net to prevent the worst outcomes of a crashing economy. Those policies worked to keep people out of poverty. But now that the economy has recovered from the initial pandemic shock, Congress is letting the safety net shrink back down. And poverty is rising back to where it once was.

Related: We know how to end poverty in the U.S. We just don’t want to, Matthew Desmond writes in Times Opinion. Be Ready For Evictions As 50% Of American Workers Can’t Afford Rent Prices https://www.youtube.com/watch?v=q9K6nYS1ES8 Nearly half of all American workers can’t afford rent prices in most U.S. cities, according to a new report. They are at risk of becoming homeless this year as a nightmarish scenario unfolds in the rental market, analysts say. Evictions are spiking again, and in some states, eviction fillings have already soared 40% above pre-pandemic levels. Conditions are tight, with less than 5% of rental units still vacant across the country. As competition amongst renters grows, prices continue rising much faster than incomes at a time job cuts are also increasing. The combination is painting a dire picture for housing affordability, and it is threatening to disrupt the lives of millions of Americans. A new report from the National Low Income Housing Coalition showed that nearly half of Americans – or about 46% – do not earn enough to rent a one-bedroom apartment. Rents in the U.S. continued to rise in recent years as demand increased due to expensive home prices, and a worker now needs to earn about $21.40 an hour to afford a modest one-bedroom rental. The median wage in the US is about $21 an hour.  And this trend is not just happening in big cities. The report reveals that a two-bedroom rental – a reasonable size for a family – would stretch the budgets of renters in the vast majority of U.S. counties. In California, where the minimum wage is $14 an hour, the cost of housing is so high that the benefit of higher hourly pay is completely erased. Today, a person in California needs to earn $39.03 an hour to afford a two-bedroom apartment and $31.06 for a one-bedroom. That is to say, a minimum-wage worker in the state would have to put in 89 hours every week just to afford the one-bedroom and 112 hours to afford the two-bedroom. Nationally, the average fair market rent is $1,718 a month for a one-bedroom and $1,956 a month for a two-bedroom, according to the report. In contrast, the average renter’s hourly wage is $18.78, an income that can absorb only $977 a month in rent without being housing cost-burdened. A household living on one minimum wage income can afford even less, $377 a month, the organization showed. Meanwhile, a nightmarish scenario for evictions is unfolding in the U.S. rental market. A recent GOBankingRates survey found that roughly one-third of Americans, or 32.56%, are worried they won’t be able to pay for rent over the next three months as they face a job loss. The ripple effects that mass evictions can have on our society are beyond scary. The human toll of losing one's home, community, and sense of security cannot be underestimated. As more and more people are pushed out of their homes and into homelessness, the fabric of our society will start to desintegrate. In short, the housing crisis is a moral and political crisis, and we cannot afford to ignore the plight of those who are being left behind by our broken housing system. In the end, we must recognize that the problem of mass evictions and soaring rent prices is not a mere economic issue, but a human one. And our country's failure to act now will have dire consequences for generations to come.  Report America Doesn’t Need ‘Immigration Reform’ — It Needs To Enforce The Laws We Already Have By Todd Bensman Excerpt: The puppet strings for the important control of illegal immigration all lead into the White House and, to a limited extent, Congress. Short of any appreciable congressional action, the White House becomes the default location where a mass migration is started and stopped. Hiring Illegals Is a Crime DOJ is guilty of a pattern and practice of failing to seek criminal penalties for employers who knowingly employ illegal aliens By George Fishman,  Excerpt: I recommend that Congress seriously consider two statutory changes to fulfill the failed promise of employer sanctions to turn off the jobs magnet for illegal immigration. The first would be to provide temporary legal status (and potentially lawful permanent residence) to illegal aliens who can provide critical information that can lead to the successful prosecution of their employers for employer sanctions violations. The second would be to provide the victims of employers who knowingly employ illegal aliens (such as American workers who are fired or not hired as a result of such unlawful employment) a private right of action to sue the employers for damages.     Can California State Universities Legally Hire Illegal Aliens? Washington, D.C. (November 28, 2022) – A new Center for Immigration Studies report analyzes a recent memo arguing that the federal law which prohibits the hiring of illegal aliens does not apply to state governments. The memo, by a group of self-identified “immigration and constitutional law scholars”, claims that the state of California could and should give California state universities the go-ahead to hire and employ their illegal alien students, based on “the urgent need to expand employment opportunities for undocumented students”. The Immigration Reform and Control Act of 1986 (IRCA) prohibits the knowing hiring of illegal aliens. The memo contends that since IRCA does not spell out that it applies specifically to the states, Congress cannot intrude on the states’ historic “police power” to regulate employment within their boundaries. George Fishman, a senior legal fellow at the Center and author of the report, argues that the scholars’ memo is most likely wrong. He said, “If California moves forward with this proposal, I would predict that IRCA will be found to encompass state entities within its employer sanctions regime. But hopefully, good sense will prevail, and the proposal to allow California public universities to hire illegal aliens will never advance beyond advocacy pieces. Authorizing the state to employ aliens not authorized to work under federal law trivializes immigration laws and encourages future illegal immigration.”   Most recently, for instance, Biden’s Department of Homeland Security (DHS) launched a mobile app where foreign nationals living in Mexico can schedule appointments to get released into the U.S. interior at the southern border. Illegal Immigration Costs Average Taxpayer $957 Annually, New Study Finds CRAIG BANNISTER | MARCH 10, 2023 | 5:37PM EST Text Audio 00:0000:00 Font Size (Screenshot) Illegal immigration costs each American taxpayer $1,156 per year ($957 after factoring in taxes paid by illegal aliens), a new analysis by the Federation for American Immigration Reform (FAIR) finds. The annual gross cost (state and federal) of illegal immigration is now $183 billion, up more than thirty-five percent since 2017, according to the FAIR report released this week: “In total, the gross cost of illegal immigration now total $183 billion, up more than 35.7 percent since 2017. The cost incurred per illegal alien (including their U.S.-born children) has increased as well, now totaling $8,776 annually.” Even after the tax contributions of illegal aliens is deducted, the average American taxpayer is on the hook for nearly a thousand dollars, the study shows: “When the taxes paid by illegal aliens are factored in, the net cost of illegal immigration to U.S. taxpayers is now $150.7 billion. This means that each American taxpayer shells out a net average of $956 (or $1,156 before the taxes paid by illegal aliens are factored in) due to illegal immigration.” … “Taxes paid by illegal immigrants only covered around 17.2 percent of the costs they created for American citizens.” The report provides the following breakdown of annual federal, state and local government expenditures: Total Federal Expenditures $66,449,136,000 Total State and Local Expenditures $115,608,729,000 Total National Expenditures $182,057,865,000 Total Net Tax Contributions $31,391,635,00 Total Fiscal Cost of Illegal Immigration on U.S. Taxpayers: $150,666,230,000   “Most of the additional costs have been added in the past two years, as the Biden administration’s de facto open borders policies have triggered a historic surge of new illegal migrants pouring across our borders,” the study concludes. But, it’s not just the Biden Administration that’s to blame, since new state and local policies have also encouraged the influx of illegal aliens, FARI President Dan Stein said in a press release introducing the study: “Not only is the Biden administration refusing to rein-in illegal immigration or remove the people who are breaking our laws, they are promulgating policies that actually encourage more of it while offering new protections and benefits to those who settle here illegally. “Likewise, a growing number of states and localities create their own costly magnets for illegal aliens by declaring themselves sanctuaries and offering new benefits and services.” FAIR’s analysis breaks down the cost of illegal immigration by type of government expenditure: medical, education, law enforcement and welfare. See full report. PROFILE OF A SOCIOPATH GAMER LAWYER: JOE BIDEN is known as a serial liar, a "public servant" who has somehow managed to accrue tremendous wealth, a race-baiting opportunist, a Catholic-in-name-only, and a bought-and-paid-for politician in bed with criminal cartels and foreign foes.  In another era, Joe Biden would have been run out of his country much the same way Benedict Arnold was two and a half centuries ago; in an era when integrity, honor, fortitude, fidelity, and grit have been jettisoned for immorality, unscrupulousness, weakness, betrayal, and craven pliability, however, he is elevated to king sleazeball in a city drowning in sleaze. JB SHURK THERE IS NO GREATER THREAT TO AMERCA BEYOND THE BRIBES SUCKING DEMOCRAT PARTY AND THEIR OPEN BORDERS AGENDA TO KEEP WAGES DEPRESSED AND NARCOMEX, ON, UNDER, OVER AND IN OUR OPEN BORDERS.  WE SIT BY QUIETLY AS BIDEN AND MAYORKAS DESTROY OUR BORDERS AND THE LIE ABOUT IT LIKE TWO GAMER LAWYERS. Will AMLO tell Mexicans to stay home and not vote in 2024? By Silvio Canto, Jr. Last week, President Andres Lopez-Obrador was a bit irate, or "molesto" as they say in Mexico.  He reacted to Senator Lindsey Graham's call to name the cartels as terrorist organizations.  AMLO threatened to tell Mexican Americans to punish the GOP for saying stuff like that. How dare you, gringo? Well, let's hear what AMLO is saying this week because a Democrat is now calling out his "hugs rather than bullets" approach to national security.  This is from Senator Bob Menendez of New Jersey via Pulse News Mexico:     Menendez’s criticism comes on the heels of Republican Senator Lindsey Graham presenting an initiative to add Mexican drug cartels on the list of foreign terrorist organizations, and Republican lawmakers Dan Crenshaw and Michael Waltz proposing a bill to give U.S. President Joe Biden the authority to use the U.S. Army against Mexican drug cartels. López Obrador called these proposals “propaganda” and “aggression by the Republicans against Mexico.” However, Menéndez adding his voice to the growing international clamor for Mexico to take security, drug trafficking and democracy seriously makes it complicated for AMLO to pin the blame on mere “Republican aggression.” “Mexico has a responsibility, first and foremost, to its own citizens to establish safety and security within its own territory -- and to those who visit its own country as well,” Menéndez said on Sunday, in an interview with American news-based television channel MSNBC. “And so we need to up dramatically with Mexico. It can’t be all about economics, it has to be about safety and security as well. And I am afraid that we are headed in the wrong direction in Mexico on that, and on democracy questions as well. So this is a present danger that we have to deal with, and we have to engage the Mexicans in a way that says, ‘You’ve got to do a lot more in your security.’ We can help them -- we have intelligence, we have other information we can share. But we need them to enforce security in their own country.” Okay -- so Mexico is headed in the wrong direction?  To be fair, Senator Menendez does not want to name the cartels as terrorist organizations. He did not specify how Mexico can do more for their security.  I thought that we were already sending them weapons and more under the Merida Plan from 2007.  Maybe we need to upgrade the weapons or try something else. Senator Menendez' statement puts AMLO in a tough place.  He is getting criticism from both sides of the Senate chamber.  Is he going to call on Mexicans up here to stay home and not vote for either party?  The only difference between Senator Graham and Senator Menendez is that the former wants to name the cartels as a terrorist organization.  Both are raising doubts about Mexico's ability to defend itself and being critical of AMLO's approach. P.S.  Check out my blog for posts, podcasts and videos. Image: Erik (HASH) Hersman Last November, Crenshaw introduced the Declaring War on the Cartels Act, featuring increased criminal penalties for criminal cartels’ activities and the targeting of their finances, with provision for seized assets to be directed to Customs and Border Protection, Immigrations and Customs Enforcement, and the DEA. Border Patrol Chief: 1.5 Million ‘Gotaway’ Migrants During Biden’s Term 607 Guillermo Arias/AFP/Getty Images NEIL MUNRO 15 Mar 20230 6:15 About 1.5 million migrants have sneaked across the border as President Joe Biden opened the doors to a rush of southern migrants, according to testimony from Raul L. Ortiz, Chief of U.S. Border Patrol. The new estimate includes the 1.3 million successful “gotaways” who were spotted by the border patrol’s agents and surveillance systems, plus roughly 200,000 additional untracked migrants, he told a hearing in Texas organized by the House’s Homeland Security Committee. Ortiz’s number, plus agency data, shows that Biden’s Cuban-born, pro-migration border chief — Alejandro Mayorkas — has allowed roughly 4.2 million economic migrants into the United States since January 2021. That inflow delivered more than one migrant for every one of the 3.7 million U.S. births in 2022 — and it helped spike the inflation that has crippled several major banks. Rep. Carlos Giminez (R-FL) asked Ortiz: “Supposing that we have 1.3 million [spotted] gotaways that we know of, what is your estimate of the people — that we don’t know about — that got away?” 🚨#BREAKING I just asked Border Patrol Chief Raúl Ortiz about the ‘gotaways’. At today’s Homeland Security Committee hearing, Chief Ortiz testified that there an additional 20% of illegal alien ‘gotaways’ completely unaccounted for. The border is indeed NOT SECURE. pic.twitter.com/TO02mtbJXV — Rep. Carlos A. Gimenez (@RepCarlos) March 15, 2023 Ortiz answered: I will tell you that the gotaway number is a number that for a long time was associated with [field inspections] …  it was our agents out there actually cutting swaths of country and using, you know, footprints as an indicator as to what we were seeing out there. That was our situational awareness. With the investments that this Congress has made into the Border Patrol CBP as a whole [such as balloon-mounted cameras], we have greater situational awareness now than I’ve ever had. My confidence level in that gotaway numbers continues to increase. Is it 100 percent [confidence]? No, sir. [We have] 385,000 gotaways so far this fiscal year [Since October 1]. We continue to refine that number. I’ve got to do a better job of accounting for the actual encounters … In my estimation based upon the situational awareness that I have, probably between 10 percent and 20 percent [more untracked gotaways]. The number of gotaways has been increasing, according to data provided by the Republican National Committee: Gotaways Under Biden, Republican National Committee Ortiz’s estimate of 1.5 million gotaways is in addition to the 2.7 million migrants allowed through the border since January 2021. That inflow adds up to 4.2 million, or more than one migrant for every one of the 3.7 million U.S. births in 2022. In addition, Biden has imported at least 70,000 migrants via his “parole pathways” since january. The inflow is slated to reach 600,000 a year — in addition to the roughly one million legal immigration cap set by Congress in 1990. However, Biden’s “parole pathways” has already been ruled illegal by a judge. The southern flood is in addition to the annual inflow of roughly one million legal migrants and roughly 750,000 short-term and long-term temporary workers. Those two pipelines delivered at least 2.5 million new migrants into the United States, on top of the 3.5 million southern migrants. The resulting tsunami of roughly six million migrants in 2021 and 2022 created a so-called “demand shock” that inflated the costs of housing, used autos, and groceries for hundreds of millions of Americans. The Biden migration added at least four million workers to the nation’s workforce. That flood was urged and welcomed by business groups because it cuts Americans’ blue-collar wages and white-collar salaries, and it also reduces marketplace pressure to invest in productivity-boosting technology, heartland states, and overseas markets. The Mexico-based cartels “are making billions — billions — bringing people into the United States, many of whom … have to pay the cartels back with forced criminal labor,” said Rep. Mark Green (R-TN), who scheduled the informative hearing. That pocketbook damage to ordinary voters is ignored by progressives and establishment Republicans who tout the migrants as “newcomers” in a “Nation of Immigrants.” Wages for Lower-Paid Workers, Bureau of Labor Statistics Business groups are demanding more immigration, despite accelerating layoffs in the technology sector. Illegal “immigrants here today getting work permits would reduce inflation–on top of being the moral step,” said a tweet by Todd Schulte, the president of the FWD.us advocacy group for West Coast investors. The breadth of investors who founded and funded FWD.us was hidden from casual visitors to the group’s website in early 2021. But copies exist at the other sites. Extraction Migration The federal government has long operated an unpopular economic policy of Extraction Migration. This colonialism-like policy extracts vast amounts of human resources from needy countries, reduces beneficial trade, and uses the imported workers, renters, and consumers to grow Wall Street and the economy. The migrant inflow has successfully forced down Americans’ wages and also boosted rents and housing prices. The inflow has also pushed many native-born Americans out of careers in a wide variety of business sectors and contributed to the rising death rate of poor Americans. The lethal policy also sucks jobs and wealth from heartland states by subsidizing coastal investors with a flood of low-wage workers, high-occupancy renters, and government-aided consumers. The population inflow also reduces the political clout of native-born Americans, because it allows elites to divorce themselves from the needs and interests of ordinary Americans. A 54 percent majority of Americans say Biden is allowing a southern border invasion, according to an August 2022 poll commissioned by the left-of-center National Public Radio (NPR). The 54 percent “Invasion” majority included 76 percent of Republicans, 46 percent of independents, and even 40 percent of Democrats.