THERE IS NO GREATER DANGER TO AMERICA THAN THE DEMOCRAT PARTY AND THEIR LYING GAMER LAWYER-POLITICIANS
Chris Hedges | NAFTA Was CRIMINAL!
https://www.youtube.com/watch?v=1-104JMiZes&list=WL&index=5
Chris Hedges | NAFTA, Clinton, and Obama BETRAYED Americans... and Joe Biden was right there with the worst of them!
https://www.youtube.com/watch?v=qryblALiqOI
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality
Fed hikes interest rate to crush wage demands
The US Federal Reserve has raised its base interest rate by 0.75 percentage points (75 basis points) with the aim of hitting wage demands by workers battling against the highest inflation in four decades.
The increase was in line with market expectations following an article in the Wall Street Journal on Monday, based on a leak, that the large hike was under consideration after it had been specifically ruled out at the Fed’s previous meeting of its policy-making committee in May.
In his opening remarks to the press conference at the conclusion of the two-day Fed meeting yesterday, chair Jerome Powell sought to give the impression the central bank was in control despite the about turn.
He said the Fed understood the hardship high inflation was causing and was moving expeditiously to bring it back down. “We have both the tools we need and the resolve it will take to restore price stability on behalf of American families and businesses.”
But this assertion was contradicted in the statement of the Federal Open Market Committee announcing the monetary policy. It removed a sentence in the May statement which said officials expected inflation to return to 2 percent and the labour market would remain strong as it increased interest rates.
Asked about the excision, Powell said it reflected the sense that the Fed could not reduce inflation to 2 percent by itself and was not accurate.
This admission served to highlight that the Fed’s latest decision is not about reducing inflation—the result of supply side constrictions flowing from the COVID-19 pandemic, the pumping of trillions of dollars into the financial system over the past decade and a half and the NATO proxy war against Russia—but is aimed at suppressing wage demands.
Powell repeated remarks, made on many previous occasions, that the labour market was “very tight.”
He indicated that the impetus for the decision to lift rates by 75 basis points—the biggest single hike since 1994—resulted from two reports at the end of last week.
The confidence survey compiled by the University of Michigan indicated consumer sentiment had fallen to its lowest level on record on the back of concerns inflation was becoming anchored and the report last Friday it had jumped to 8.6 percent in May.
When inflation began to rise in 2021, Powell and other Fed officials maintained it was “transitory.” Now this fiction is being replaced by one equally as bogus, that there is the possibility of a so-called “soft landing.”
But, as former US Treasury Secretary Lawrence Summers has insisted, interest rates are a blunt instrument, and incapable producing a smooth glide path.
Even Powell was forced to backtrack somewhat, saying the path to a soft landing without a recession “is not getting any easier” as it was becoming clear that “many factors that we don’t control are going to play a very significant role in deciding whether it’s possible or not.”
But the use of the blunt instrument of interest rate hikes had to continue regardless.
“The worst mistake we can make would be to fail, which is not an option. We have to restore price stability,” he said.
That is, wages are the key target and, as Powell put in his opening statement, “supply and demand conditions in the labour market” need to “come into better balance.”
He noted that at present there were two job vacancies for every person seeking employment and the goal was to restore the conditions prior to the pandemic. This was a situation in which real wages were in continual decline.
There are already indications of lower growth. Powell noted that growth in fixed business investment is slowing and “activity in the housing sector looks to be softening.” He maintained that consumer spending remained strong, but the latest reports indicate that retail sales are starting to move down because consumers have less disposable income to spend in the face of the rising costs of gasoline and other essential items.
In their projections on the economy, Fed officials forecast lower growth. Their median prediction was for growth to slow to 1.7 percent by the end of this year and to stay at that level in 2023. This compares with their previous forecast in March of 2 percent growth over the next two years.
Projections by officials on interest rates—the so-called “dot plot”—reveal a sharp rise in the Fed rate.
The median projection would lift the Fed’s base rate to around 3.38 percent by the end of year, meaning there will be further increases totalling 1.75 percentage points over the next four meetings. Back in March, the projection for the end of the year was for a base rate of around 1.88 percent. Officials also expect the unemployment rate to rise from its present level of 3.6 percent to 4.1 percent by 2024.
Announcing the decision, Powell said he did not expect moves of this size to be common and added that the decision at the Fed’s July meeting “could well be about a decision between 50 and 75” basis points.
This was intended as a reassurance to the markets that rises as high as a full 1 percentage point, which have been mooted in some quarters, were not under consideration. Wall Street duly responded with all three major indexes—the Dow, S&P 500, and the NASDAQ—finishing up for the day.
But there was a similar response in May when Powell said a 75-basis point rise was “not something the committee was actively considering” only to fall sharply the following day.
Besides its impact in the US, the latest Fed decision will have far-reaching international ramifications, putting additional pressure on all central banks to continue and even accelerate the interest rate hikes they have already begun in response to the global inflationary upsurge.
This week, the governor of the Reserve Bank of Australia, Philp Lowe, warned that more interest rate hikes were in the pipeline, following a rise of 0.5 percentage points earlier this month. It was “unclear at the moment” how much further they would need to rise to reach the target of 2 percent inflation, with Lowe forecasting that inflation could rise from its present level of 5.1 percent to 7 percent.
The European Central Bank (ECB) is also facing a series of problems. As the Fed delivered its rate hike, it held an emergency meeting seeking to counter fears that it is on the verge of another debt crisis as it begins to lift interest rates in July and stops buying more bonds.
The decision to call the meeting came only a week after the ECB’s governing council had met to set its monetary policy and was the first such gathering since the March 2020 financial crisis at the start of the pandemic.
The central concern is so-called “fragmentation” in which the interest rates on the sovereign bonds of the more indebted southern members of the euro zone move sharply above rates on German bonds.
The difference between the interest rates on Italian and Spanish bonds and German debt has risen to levels not seen since the start of the pandemic. The fear is that if this continues it will lead to a crisis for the single currency as occurred in 2012.
Announcing the meeting, the ECB said the pandemic had left “lasting vulnerabilities in the euro area economy.” It said it would speed up work on developing a new instrument to deal with the surging borrowing costs for the weaker economies but provided no detail of what that would involve.
Disclosures: Biden Has Released Nearly 1.05 million SW Border Migrants into the U.S.
More people than Delaware, and 2,115 per day — not counting “got-aways” and unaccompanied kids
The latest Biden administration disclosures in Biden v. Texas reveal that in May, DHS released 95,318 migrants CBP had encountered at the Southwest border into the United States, bringing the total of illegal migrant releases there under the Biden administration to 1,049,532 — a population larger than the number of residents in the president’s home state of Delaware, at a rate of 2,115 per day.
Background. Briefly, Texas is a suit brought by the states of Texas and Missouri in April 2021 to challenge the Biden administration’s suspension of the Trump-era Migrant Protection Protocols (MPP, better known as “Remain in Mexico”). The matter was assigned to Judge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas.
On June 1, while that case was pending, Mayorkas issued a memo terminating MPP. That termination decision was rolled into the pending case brought by the states.
On August 13, Judge Kacsmaryk issued an order enjoining Mayorkas’s termination of MPP. To ensure compliance with that order, the court required DHS to report monthly on the number of CBP encounters at the Southwest border, the number of aliens expelled pursuant to public-health orders issued by CDC under Title 42 of the U.S. Code in response to the Covid-19 pandemic, and the number released into the United States.
The latest disclosure was filed on June 15, reflecting DHS activity through the end of May. By my count, it is the eleventh such disclosure, including a supplemental one filed on September 23.
The June 15 Status Report. That June 15 disclosure, captioned “Defendants’ Monthly Report for May 2022”, reveals that DHS encountered 239,416 aliens at the Southwest border last month — a combination of illegal entrants who were apprehended by Border Patrol and aliens deemed inadmissible by CBP officers in the Office of Field Operations (OFO) at the land border ports of entry.
Of that number, according to DHS, just short of 100,700 were expelled under Title 42, and an additional 13,755 were removed or returned under the Immigration and Nationality Act (INA), not counting 2,696 aliens who were removed via expedited removal pursuant to section 235(b)(1) of the INA or voluntary return (117,150 total).
That reveals that, even though it’s a public-health order, Title 42 is critical to managing the chaos at the Southwest border — underscoring the importance of U.S. district court Judge Robert R. Summerhays’ May 20 order preventing CDC from terminating Title 42.
The disclosure also states that while Border Patrol detained more aliens than its detention capacity would normally allow (5,600 aliens, exceeded by 230 percent during the average day in May), ICE is still underutilizing its detention capacity by 19.27 percent on the average day — at a huge cost to American taxpayers.
Next, the government breaks down the total number of “applicants for admission” DHS encountered. As calculated, this is the sum of illegal entrants Border Patrol apprehended and applicants for admission CBP officers at OFO deemed inadmissible at the Southwest border minus aliens expelled under Title 42 (all of whom, confusingly, are counted as “encounters” in CBP’s monthly statistics). I refer to them collectively as “migrants” because they are seeking to migrate to the United States.
In May, DHS recorded 138,717 such migrants/applicants for admission at the Southwest border. Of that number, CBP released 68,527 of them into the United States on an extremely limited authority known as “parole”, despite the fact that section 235 of the INA mandates that each of those migrants be detained.
I have previously explained — in depth — that this is an misuse of the parole authority, and that the Biden administration’s policy of releasing these migrants (who are supposed to be detained) on parole is driving the current Southwest border crisis.
In any event, those 68,527 aliens who were released on parole weren’t the only migrants whom DHS released. An additional 9,946 were set free by ICE — 922 on bond, 4,598 on orders of recognizance, 162 on orders of supervision, and 4,264 on parole.
It sounds like ICE released those migrants under section 236(a) of the INA, but as I have explained before (and as the Fifth Circuit has agreed on slightly different grounds), unless agents in a stunning exercise of clairvoyance were waiting at the border with warrants of arrest naming those aliens, it lacks the authority under that provision to make such releases.
Biden Has Released 1,049,532 Southwest Border Migrants. All told, then, DHS released 95,318 migrants from the Southwest border in May, bringing the total number of Southwest border migrants released under the Biden administration (again from the 11 disclosures in Texas) to 1,049,532.
By way of comparison, that is more people released into the United States than the total number of migrants Border Patrol agents at the Southwest border apprehended in any given fiscal year between FY 2007 and FY 2020. In fact, it’s more than the sum of illegal migrants apprehended at the Southwest border between FY 2009 and FY 2010 (1,002,351).
Or that’s larger than the population of Austin, Texas, the 11th largest city in the United States, more than twice the size of Atlanta, Ga., or three-plus Cincinnati, Ohios. Or 59,198 more people than there are residents of the president’s home state of Delaware.
Delaware has two senators (Thomas Carper (D) and Chris Coons (D)), and one congresswoman (Lisa Blunt Rochester (D)). Perhaps all of those released migrants should demand their own representatives, but with all the support they are receiving from the White House, they hardly need it.
Alternatively, consider this. There were 496 days between January 21, 2021 (the day after the inauguration) and May 31, 2022 (the last reporting day in Texas). DHS released — on average — 2,115 illegal migrants per day throughout that period.
In a March 2019 interview, Jeh Johnson — who was DHS secretary under the Obama-Biden administration — explained that when he served in that role, he received daily updates on border apprehensions, and viewed fewer than 1,000 apprehensions a day as “a relatively good number, and if it was above 1,000 it was a relatively bad number, and I was gonna be in a bad mood the whole day”.
What would Jeh Johnson do if his department was releasing more than twice that “bad day” number every day? The answer is “something different”, by which I mean a massively revamped border policy or a different job.
Speaking of President Barack Obama, in September he opined:
Immigration is tough. It always has been because, on the one hand, I think we are naturally a people that wants to help others. And we see tragedy and hardship and families that are desperately trying to get here so that their kids are safe, and they're in some cases fleeing violence or catastrophe. ... At the same time, we're a nation state. We have borders. The idea that we can just have open borders is something that ... as a practical matter, is unsustainable.
Those sentiments are no longer the position of the party that the 44th president led for eight years. Or perhaps they are, but his fellow partisans no longer care about being a nation state or about the sustainability of an open-borders policy.
This is madness — financially and legally.
On the financial side, almost of all those migrants are poor (not counting the ones who show up sporting Versace), with low levels of education and few job skills. They will be a fiscal drain — on states and municipalities, on school systems and hospitals, on local utilities and services — for years, if not decades. You will pay for that, while businesses benefit from the cheap labor.
On the legal side, for how long can the immigration laws of the United States be degraded, disregarded, discarded, and diminished before they aren’t laws at all?
And yet it gets worse.
Got-Aways and Unaccompanied Alien Children. That’s because these official figures exclude two other groups of migrants who proceeded from the Southwest border into the interior of the United States —“got-aways” and unaccompanied alien children (UACs).
Fox News reports that there have been 440,000 such got-aways — aliens who entered illegally and successfully evaded apprehension — thus far in FY 2022, on top of an additional 400,000 in FY 2021.
Although most of those got-aways in FY 2021 likely entered after the Southwest border descended into chaos following the inauguration, I will give the current president the benefit of the doubt and only hold him responsible for two-thirds of the got-aways last fiscal year, or 266,667 aliens. That brings Biden’s got-away total to 706,667.
Turning to the UACs, starting on February 1, 2021, and through the end of May, CBP encountered 227,075 of them at the Southwest border.
Under a seriously flawed (and poorly thought out) 2008 law, DHS must release every UAC from a “non-contiguous country” (that is every nation other than Canada and Mexico) to the Office of Refugee Resettlement (ORR) at HHS, nearly all for placement with a “sponsor” (usually the UAC’s own parent or a close relative, most here illegally) in the United States.
Of those 227,075 UACs encountered by CBP at the Southwest border under the Biden administration, 190,053 are nationals of non-contiguous countries.
If all those 190,053 UACs were placed into one school district, it would be the nation’s tenth largest, ahead of the current number 10, the Hawaii Department of Education (which runs the schools in former President Obama’s former home state), in enrollment by more than 10,000 students.
Grand Total and Their Environmental Impact. Adding the 706,667 got-aways to the 190,053 UACs and to the 1,049,532 migrants that DHS has released, a grand total of 1,946,252 aliens have crossed over the Southwest border and into the United States under Joe Biden. None of them had visas or other permission to do so — they just came right in, often with DHS or ORR metaphorically holding the door.
That’s a larger population than the 38th largest U.S. state, Nebraska, meaning that it’s more people than live in 13 states and the District of Columbia, and more people than live in America’s fifth largest city, Phoenix, Ariz.
The Center for Sustainable Systems at the University of Michigan reports that the United States — which has less than 5 percent of the world’s population — consumes 16 percent of the world’s energy, and that in 2019, each person in this country emitted 20 metric tons of the greenhouse gas, carbon dioxide. Those new migrants, consequently, will account for 38,925,040 metric tons of CO2 annually.
By comparison, the average person in Mexico emitted 3.58 tons of carbon dioxide (in 2016); in Guatemala, 1.12 tons (also in 2016); in El Salvador, 1.08 tons (2016); and in Honduras, 1.01 tons (2016).
That makes sense — the United States is a large country, many people cannot walk to work, stores, or school, and there is a lot of industry here (the United States also accounts for 15 percent of the world’s GDP). When any foreign national moves to this country, his or her carbon footprint is going to get a whole lot larger, by a factor of anywhere between six and 10.
If you are concerned about the effects of climate change on the environment, the arrival of nearly two million new people in the United States in just 16 months should be a concern — particularly given that those new arrivals are on top of all the immigrants and nonimmigrants who came here legally.
Nothing’s Going to Change Anytime Soon. Not to be a downer, but none of this is going to change anytime soon. You should be prepared for longer commutes, larger class sizes, more extended waits in your local emergency room, higher state and local taxes, even more inflated housing costs, and an ever-increasing amount of CO2. President Biden’s not going to change his border policies, unless and until the courts or the electorate force him to.
THERE IS NO GREATER DANGER TO AMERICA THAN THE DEMOCRAT PARTY AND THEIR LYING GAMER LAWYER-POLITICIANS
Chris Hedges | NAFTA Was CRIMINAL!
https://www.youtube.com/watch?v=1-104JMiZes&list=WL&index=5
Chris Hedges | NAFTA, Clinton, and Obama BETRAYED Americans... and Joe Biden was right there with the worst of them!
https://www.youtube.com/watch?v=qryblALiqOI
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality
Joe Biden’s Border Policy Attracts World’s Migrants
The rising share of global migrants arriving at the southern U.S. border has prompted pro-migration advocates to fund a mosque in Tijuana, Mexico.
The San Diego Union-Tribune reported on June 16:
The two-story shelter is in Tijuana’s Zona Norte close to the U.S.-Mexico border. The 8,000-square-foot facility has the capacity to serve up to 150 people arriving at the border seeking asylum. Some might stay in Mexico, but most are looking to enter the United States. It currently houses 30 people.
[…]
The investment was almost half a million dollars, raised from community donations, [Sonia] GarcÃa said. The shelter is home to migrants from Kenya, Ghana, Russia and Afghanistan, among others.
“We are safe here,” said Ilyas Salarzai, 22, from Afghanistan. “The Latina Muslim Foundation has been very good.” Salarzai is currently waiting for certain documents as part of his immigration process.
The mosque will have plenty of customers. In May, more than 2,000 single adult migrants from Muslim-majority countries were registered at the U.s. border with Mexico.
Almost half the migrants who arrived at the border in May were from countries that had sent few migrants until President Joe Biden pushed the door open in January 2021. “Unlike every one of his predecessors, Biden isn’t attempting to deter illegal entrants — he is instead inviting asylum applications from any foreign national who can make it here,” Mark Krikorian, the director of the Center for Immigration Studies, tweeted on June 17.
During the month, officials registered 239,416 migrants arriving at the border. Only 106,999 were rejected under the Title 42 anti-disease barrier because of exceptions created by homeland security Alejandro Mayorkas.
That left 138,717 migrants who were registered. Nearly all of the economic migrants were approved for release under various quasi-legal excuses, such as the nation’s much-abused asylum rules.
The to-be-released group included 14,696 “Unaccompanied Alein Children,” some of whom are children being delivered to illegal-migrant parents, but most of whom are youths looking for jobs.
Once released, the migrants take jobs, if only because they need to pay the labor-trafficking debts to Mexican cartels and other smuggling gangs.
The flood of extra labor helps to cut Americans’ wages, drive up Americans’ rents, and to consume services and goods — such as used autos — that are also needed by Americans.
The largest inflow came from countries in the Caribbean and South America — Venezuela (3,410), Haiti (3,110), Cuba (19,975), Brazil (1,266), and Nicaragua (15,512). Those inflows are rising, largely because prior migrants from those countries used their cellphones to show their home-country peers how Biden’s administration had released them into the U.S. job market.
In May, the global arrivals were fewer than the pan-American arrivals. But each released migrant will likely start a new chain of migrants from the often-huge populations in their home countries.
The global inflow included 185 people from Armenia, 28 from Kyrgystan, 983 from Russia, 106 from Ukraine, 69 from Angola, 95 from Bangladesh, 118 from Cameroon, 179 from China, 849, from Georgia in the Caucasus mountains, 1,907 from India, 52 people from Nigeria, 147 people from Romania in southern Europe, 104 people from Somalia, 172 people from Senegal, and 1,770 people from Turkey.
Biden’s deputies choose to exempt nearly all of the global migrants from the Title 42 border-barrier rule. For example, none of the 1,770 Turks or the 172 Senegalese, and just one of the 104 people from Somalia, were turned back at the border. Nearly all of the people rejected by the Title 42 rules are from Mexico, Honduras, El Salvador, and Guatemala:
The May inflow of 138,717 men, women, youths, and children is just part of the overall inflow.
For example, leaks from border officials suggest that another 55,000 migrants sneak across the border each month. Nearly all of these so-called “got-aways” are men seeking jobs. That month;y inflow has put roughly 440,o00 extra migrants into the US labor market since October 1.
In addition, officials at the Department of State are awarding many work visas to foreigners, including many Filipino nurses:
The routine inflow of legal immigrants delivers roughly 1 million new legal migrants each year.
Federal agencies also invite roughly 1 million foreign temporary workers. Many additional foreign workers arrive as tourists but take jobs, and many others overstay their visas and stay illegally in jobs.
The quasi-legal inflow of migrants — plus the inflow of got-aways — across the Mexican borders will is on track to exceed 1 million during the year.
All told, the inflow of migrants and workers in 2022 is likely to hit three million workers –or roughly 3 foreign workers for every four Americans who turn 18.
The huge inflow of legal, quasi-legal, and illegal migrants is intended to cut Americans’ wages and drive up their rents.
Extraction Migration
Since at least 1990, the D.C. establishment has extracted tens of millions of migrants and visa workers from poor countries to serve as legal or illegal workers, temporary workers, consumers, and renters for various U.S. investors and CEOs.
This economic strategy of Extraction Migration has no stopping point. It is brutal to ordinary Americans because it cuts their career opportunities, shrinks their salaries and wages, raises their housing costs, and has shoved at least ten million American men out of the labor force.
Extraction migration also distorts the economy and curbs Americans’ productivity, partly because it allows employers to use stoop labor instead of machines. Migration also reduces voters’ political clout, undermines employees’ workplace rights, and widens the regional wealth gaps between the Democrats’ big coastal states and the Republicans’ heartland and southern states.
An economy built on extraction migration also alienates young people and radicalizes Americans’ democratic, equality-promoting civic culture because it allows wealthy elites to ignore despairing Americans at the bottom of society.
The extraction migration economic policy is hidden behind a wide variety of noble-sounding excuses and explanations. For example, progressives claim that the U.S. is a “Nation of Immigrants,” that Americans have a duty to accept foreign refugees, and that the state must renew itself by replacing populations.
But the colonialism-like economic strategy also kills many migrants, exploits poor people, and splits foreign families as it extracts human-resource wealth from the poor home countries. The migration policy also minimizes shareholder pressure on companies to build up complementary trade with poor countries.
The economic policy is backed by progressives who wish to transform the U.S. from a society governed by European-origin civic culture into a progressive-directed empire of competitive, resentful identity groups.
“We’re trying to become the first multiracial, multi-ethnic superpower in the world,” Rep. Rohit Khanna (D-CA) told the New York Times on March 21. “It will be an extraordinary achievement … we will ultimately triumph,” he boasted.
Not surprisingly, the wealth-shifting extraction migration policy is very unpopular, according to a wide variety of polls. These polls show deep and broad public opposition to labor migration and the inflow of foreign contract workers into careers sought by young U.S. graduates.
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