Saturday, September 16, 2023

August Inflation Fueled by Higher Cost of Shelter, Gasoline

 

August Inflation Fueled by Higher Cost of Shelter, Gasoline

CRAIG BANNISTER | SEPTEMBER 13, 2023
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In August, the seasonally adjusted Consumer Price Index (CPI) for all urban consumers rose 0.6% from July, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday.

The all-items index increased 3.7% for the 12 months ending August, up from the 3.2% year-over-year rise in July. Comparisons to year-ago had fallen for 12 consecutive months, before turning upward in July.

CPI Graph

The “core” index, all items less food and energy, rose 4.3% over the last 12 months. The seasonally adjusted index for all items less food and energy rose 0.3% in August, ticking up from a 0.2% monthly increase in July.

The index for gasoline (up 10.6%) was the largest contributor to the rise in the monthly index for all-items, accounting for over half of the increase.

The energy index rose 5.6% in August, as all the major energy component indexes increased:

  • Energy Commodities: 10.5%
    • Gasoline (all types): 10.6%
    • Fuel Oil: 9.1%
  • Energy Services: 0.2%
    • Electricity: 0.2%
    • Utility (piped) gas service: 0.1%

 

The 0.3% rise in the cost of shelter – the 40th straight monthly increase - also contributed to the August monthly increase in prices.

Compared to August 2022, the price of shelter was up 7.3%, accounting for more than 70% of the total increase in all items, less food and energy. The shelter index was also the largest factor in the monthly increase in the index for all items less food and energy.

The food index increased 0.2% in August, matching its July increase. The index for food at home increased 0.2% over the month, while food away from home rose 0.3%.

The cost of motor vehicle insurance was up 19.1%, year-to-year, and 2.4% from July). The cost of new vehicles increased 2.9% from year-ago and 0.3% from July, while used car and truck prices fell 6.6% and 1.2%, respectively.

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.



THE MEXICAN DRUG CARTELS CONTRO U.S. BORDER BRINGING JOE'S UNREGISTERED DEM VOTERS OVER THE BORDER











What JPMorgan just said should serve as a warning for all Americans. Yesterday, speaking at an industry event organized by Barclays, CEO Jamie Dimon sounded the alarm on a slew of headwinds that will hit the U.S. economy hard in the next couple of months, and pointed to several risks that could deal heavy blows to consumers, investors, businesses and banks. On Monday, he weighed in on how new regulation by the Fed will impact customers in the coming months. The changes will certainly not make them happy. Dimon explained how plans for new capital rules in the United States could damage the attractiveness of bank stocks, and make banking costs go even higher for consumers.  He argued that the Fed’s “'Basel III Endgame' reforms” would make loans even more expensive, and would force banks to reduce the amount of money they lend, which could drive banking activities into less regulated sectors. Dimon stressed that more lenders could run into problems just like Silicon Valley Bank did this spring. “Any crisis that damages Americans’ trust in their banks damages all banks — a fact that was known even before this crisis,” he wrote. “Even when it is behind us, there will be repercussions from it for years to come," he emphasized. He also said that it is  “a huge mistake” to think that the U.S. economy will boom “for years” given that there are so many risks out there. With interest rates still going up, conditions will become even more recessionary, and “you are going to see more people out there with problems”. It is for that reason that JPMorgan has just reiterated its bearish stance on the stock market, urging its clients to stay defensively positioned. Analysts at the firm also adjusted the bank's investment strategy in response to rising commodity prices and the potential spike in inflation. JPMorgan strategist Marko Kolanovic also noted that the increased potential for bank turbulence, an oil shock, and slowing growth is poised to send stocks back toward their 2022 lows, as reported by Bloomberg News.  We still have three more months to go before this year is done, and a lot more can happen in financial markets. One of the biggest concerns right now is the real estate sector. Warren Buffet’s investment partner and vice president of Berkshire Hathaway, Charlie Munger recently observed that hundreds of banks are exposed to commercial real estate loans that are at risk of going into default. He thinks there is trouble ahead for the U.S. commercial property market. “A lot of real estate isn’t so good anymore,” Munger said. “We have a lot of troubled office buildings, a lot of troubled shopping centers, a lot of troubled other properties. There’s a lot of agony out there.” These are the very early chapters of this crisis. But when even the head of one of the biggest financial institutions on the planet is worried about growing risks, we should definitely brace for pain because much worse is yet to come. Although it may take a while for all the dominoes to fall, we won’t be able to avert a decline that is already in motion. The clock is ticking, and time is running out for the U.S. financial system.

Americans Worked More, But Earned Less, as August’s Inflation Reduced Real Earnings

CRAIG BANNISTER | SEPTEMBER 13, 2023
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Adjusted for inflation, Americans earned less in August – even though they worked more hours – the U.S. Bureau of Labor Statistics (BLS) reported Wednesday.

Due to a seasonally-adjusted 0.6% jump in the Consumer Price Index for All Urban Consumers (CPI-U) compared to July, real average weekly earnings decreased 0.1% over the month, despite a 0.3% increase in the average number of hours worked.

August’s 0.2% improvement in average weekly earnings from July fell short of the month’s 0.6% increase in prices, resulting in the dip in real average weekly earnings.

For production and nonsupervisory employees, the loss in real wages was even more severe. Here, real average weekly earnings decreased 0.3% over the month, as a 0.3% increase in the average workweek failed to offset a 0.6% drop in real average hourly earnings.

In August, a seasonally-adjusted 10.6% increase in the cost of gasoline was the largest contributor to the 0.6% spike in the price index for all-items, accounting for over half of the rise from July. A 0.3% rise in the cost of shelter – the 40th straight monthly increase - also contributed to the increase in prices.

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.

BLS: Real Earnings, Production+Nonsupervisory

UPDATE-Bidenomics: Five Charts the Media Don’t Want You to See

CRAIG BANNISTER | AUGUST 30, 2023
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UPDATED 9/14/23

Liberal media are declaring Bidenomics a success - but, hard numbers tell a much different story – regardless of whether the measure is how much Americans are paying, earning or saving.

Gas prices:

While gas prices held steady under Pres. Donald Trump (down four cents a gallon), they’ve surged 63% in the first 31 months of Pres. Joe Biden’s term. From January 2021 to August of this year, the average price of a gallon of gas (all grades) has increased from $2.42 to $3.95, according to the U.S. Energy Information Administration.

 

Gas price graph

Real Wages:

After accounting for inflation, real wages earned by Americans have declined under Biden. In the first quarter of 2021, median weekly real earnings averaged $373. But, by the second quarter of this year, average real earnings had fallen to $365.

Under Trump, however, real wages rose from $352 on January 1, 2017, to $373 on January 1. 2021.

Real wages are calculated using Bureau of Labor Statistics (BLS) median usual weekly earnings for full-time employees at least 16 years old and are represented in terms of quarterly 1982-84 Consumer Price Index (CPI) seasonally-adjusted dollars.

Real wages graph

Consumer Price Index:

Consumer prices rose 7.6% in the 48 months of the Trump Administration, from a CPI of 243.618 in January 2021 to one of 262.035 in December 2020.

In contrast, prices have already risen more than twice as much, 16.6%, in just 31 months under Biden. Less than two-thirds of the way through his term, the CPI has risen from 262.650 in January of 2021 to 306.269 last month (August 2023), putting it on pace to increase more than three times as much as it did during Trump's full, four-year term.

CPI graph

Mortgage Rates:

It’s also costing far more to finance a home purchase, under the Biden Administration.

Mortgage rates today are more than twice the average rate home buyers paid when Trump left office, Freddie Mac data reveal. Under Biden’s predecessor, the average 30-year fixed mortgage rate fell by a third, from 4.09% to 2.77%. But, by September 7, 2023, mortgage rates had more than doubled, increasing by more than four percentage points, to 7.12%.

Mortgage rates graph

Savings Rates:

With Americans earning less and spending more, their average savings rate has declined under Biden.

From February 1, 2017 to February 1, 2021, the average personal savings rate increased 86%, from 7.2% to 13.4%. But, by July1 of this year, it had plummeted to 3.5% - a mere quarter of its pre-Biden level – according to Federal Reserve Bank of St. Louis (FRED) calculations, incorporating BLS data.

The business and economic reporting of CNSNews is funded in part with a gift made in memory of Dr. Keith C. Wold.

Personal Savings Rate in July 2023

 

Suggested Reading by MRCTV

Our Parasitic New Elite Despises the Working Class. Culture Wars & The Decline of the West.

 




THE MEXICAN DRUG CARTELS CONTRO U.S. BORDER BRINGING JOE'S UNREGISTERED DEM VOTERS OVER THE BORDER



JOE'S FIRST PRIORITY: WARM RELATIONSHIP WITH ALL DICTATORS WHO HAVE DEMONSTRATED A GENEROUS ATTITUDE WITH PIMPED SON HUNTER. 

Child poverty in the US doubled in with ending of expanded benefits

Child poverty in the United States more than doubled during 2022, according to new data from the Census Bureau. Child poverty increased from 5.1 percent of children in 2021 to 12.4 percent in 2022, or about 9 million children. At the same time, overall poverty increased by 4.6 percent to 12.4 percent, the first increase in the overall Supplemental Poverty Measure since 2010. 

Preschoolers eat lunch at a day care center, Monday, Oct. 25, 2021, in Mountlake Terrace, Wash. (AP Photo/Elaine Thompson)

This sudden jump in child poverty was caused by the expiration of expanded benefits through the Child Tax Credit (CTC), which gave families up to $3,600 per child in monthly installments, as well as the elimination of expanded unemployment insurance and Supplemental Nutrition Assistance Program (SNAP) payments. All together, these programs, launched in response to the stay-at-home orders that were issued at the onset of the COVID pandemic, helped bring down child poverty from a rate of 12.6 percent in 2019. 

The doubling of poverty is the direct result of a deal cut between President Joe Biden and congressional Republicans last year on a federal budget which protected massive military spending while slashing the limited social program expansions implemented at the outset of the pandemic.

On top of the end of these benefits there has been a mass unwinding of Medicaid programs across the country, with millions of people kicked off of their Medicaid health insurance after the ending of the official COVID-19 Public Health Emergency by Biden earlier this year.

In March 2020 a continuous enrollment provision was created for Medicaid that prevented states from disenrolling Medicaid recipients. This provision ended on March 31, 2023, and states will continue to review the eligibility of the 94 million people that were enrolled in Medicaid coverage as of March. 

At least 6.4 million people enrolled in Medicaid have been disenrolled as of September 13 of this year, about 36 percent of all people who attempted to renew their coverage. States run by Republican-controlled legislatures lead this trend, with Texas disenrolling nearly 900,000 people and Florida disenrolling 430,000.

Only 15 states reported data with breakdowns by age, but the trends from these states alone show a massive impact on children. Of those disenrolled, children made up 42 percent across the 15 states, totaling 1,278,000. In Texas the share of children skyrocketed to 81 percent, while in Kansas, Idaho and Missouri the figure was 50 percent or greater.

For people who were able to re-enroll in Medicaid, only 55 percent were re-enrolled through an “ex parte” process by the state administration on behalf of the participant. The other 45 percent had to renew their coverage by themselves through a renewal form.

Compounding the evisceration of pandemic era benefits overseen by the Democratic Biden administration is a significant decline in household income as the cost of living continues to soar.

According to the Census, real median household income in the US fell by 2.3 percent from $76,330 to $74,580 in 2022, the largest decline since 2008. Since 2019, real median household income has fallen a total of 4.7 percent. Meanwhile, the cost of living rose by 7.8 percent between 2021 and 2022, the largest increase since 1980.

The data also showed that the percentage of women working full-time rose to 65.6 percent in 2022, the largest figure ever recorded, while the percentage of men who hold full-time jobs stood at 74.8 percent, potentially reflecting a rise in the number of families where both parents work (48.9 percent in 2022 compared to 46.8 percent in 2021).

As the cost of living continues to rise and real wages are eroded, more and more people face destitution and poverty. Among those suffering from the decline in living standards are an increasingly large number of aging Baby Boomers—the generation born between 1946 and 1964—who are facing homelessness.

Since 2019, the percentage of people aged 55 and over living in homeless shelters has risen from 16.5 percent to 19.8 percent. This rapid rise in homelessness for older people has been described as a “silver tsunami,” as more people near retirement age without enough savings to pay their expenses. A typical cause of homelessness for older people is the death of a spouse or a medical emergency.

The average Social Security payment is just $1,781.63 a month, while the average cost of rent is $2,038 a month. Many Baby Boomers do not have adequate pensions after decades of pension fund mismanagement and concessions given to employers by the pro-corporate union bureaucracies.

A common misconception is that the Baby Boomer generation is incredibly wealthy. In terms of total wealth held by people in that age group, this is technically true. More than $78 trillion, about half of all wealth in the US, is held by Baby Boomers. However, the vast majority of this money is owned by an aging cohort of capitalists and billionaires.

Research by the National Institute of Retirement Security found that the bottom half of Baby Boomers owned only 2 percent of the financial assets of their generation, while the top 5 percent owned 58 percent. The middle 40 percent of Baby Boomers, between the 30th and 70th percentile, owned just 14 percent of their generation’s financial wealth.

Fundamentally, the distribution of wealth in society is across class lines, not generational.

While the average retirement savings for those aged over 55 is above $400,000, according to the Federal Reserve, the median retirement savings for that same group is significantly less. Figures from the Federal Reserve place retirement savings for those aged 65-74 at $164,000, while figures from Vanguard are even lower, at just $70,000 for those 65 and older.

Even at the higher end, elderly people can be overwhelmed with the price of medical care and the increasing cost of living. As the economic crisis within the United States deepens, the percentage of people without homes who are over the age of 55 will continue to increase.

These rapid rises in poverty and homelessness are the product of bipartisan policies by the ruling class to force people back to work during the COVID-19 pandemic to generate profits for corporations and banks. By ending the expansion of these benefits the ruling class aims to force people back to work by cutting off essential funds that had suppressed poverty rates. Now the Biden administration is attempting to suppress wage growth by triggering a rise in unemployment through rising interest rates.

Combined, these policies will have disastrous effects for the working class. Millions of people have been kicked off of expanded benefit programs and millions more are now being denied access to Medicaid health insurance. The rapid rise in child poverty to pre-pandemic levels is only likely to continue into the coming years as parents struggle to afford even the most basic necessities.

Ukraine Plays Key Role in Biden Impeachment Inquiry, Just as It Did With Trump

Both the newly announced impeachment of President Joe Biden and that of President Donald Trump center on the same incident in Ukraine, but from different sides.
Ukraine Plays Key Role in Biden Impeachment Inquiry, Just as It Did With Trump
Then Vice President Joe Biden arrives for a meeting with Then Ukrainian President Petro Poroshenko in Kyiv on Jan. 16, 2017. (Genya Savilov/AFP/Getty Images)

House Speaker Kevin McCarthy (R-Calif.) announced the impeachment inquiry on Sept. 12, summarizing the results of the investigations to date, including nearly $20 million in alleged payments from foreign sources to the Biden family and associates, the president’s past communications with his son Hunter Biden about his overseas business dealings, as well as whistleblower allegations that the Department of Justice extended special treatment to the Biden family.

“These are allegations of abuse of power, obstruction, and corruption and they warrant further investigation by the House of Representatives,” Mr. McCarthy said.

The centerpiece of the allegations goes back to 2016, when then-Vice President Biden used a $1 billion loan guarantee as leverage to have Ukraine fire prosecutor Victor Shokin, who was investigating Ukrainian energy company Burisma. At the time, the vice president's son Hunter Biden was collecting $1 million a year to sit on the company’s board and Burisma associates were pressuring him to ensure any investigations into the company’s owner were quashed.

It was President Trump’s requesting assistance from Ukrainian President Volodymyr Zelenskyy in investigating this matter during a 2019 phone call that prompted House Democrats to launch an impeachment inquiry of him and later voting to impeach him. President Trump was acquitted by the GOP-led Senate at the time.

Ukraine has long been a crucible of geopolitical tensions, culminating in Russia’s invasion of the country in 2022. Hunter Biden was given the Burisma position in 2014, three months after Vice President Biden was designated by President Barack Obama as “point-man” for Ukraine.

Mr. Shokin was appointed Ukraine’s prosecutor general in February 2015 and later that year started preparing a money laundering case tied to Burisma.

On Nov. 2, 2015, Hunter Biden received an email from Burisma owner Mykola Zlochevsky’s adviser, Vadym Pozharskyi, demanding “deliverables” and saying that the “ultimate purpose” was to “close down any cases or pursuits” against Zlochevsky.

Several weeks later, Vice President Biden visited Ukraine and, among other things, demanded the removal of Mr. Shokin.

President Donald Trump holds a copy of The Washington Post as he speaks in the East Room of the White House one day after the U.S. Senate acquitted on two articles of impeachment, on Feb. 6, 2020. (Drew Angerer/Getty Images)
President Donald Trump holds a copy of The Washington Post as he speaks in the East Room of the White House one day after the U.S. Senate acquitted on two articles of impeachment, on Feb. 6, 2020. (Drew Angerer/Getty Images)

While there were some accusations that Mr. Shokin was corrupt, the U.S. government seemed satisfied with his performance.

Just weeks before the vice president’s visit, a joint task force of U.S. State, Treasury, and Justice Department officials deemed Ukraine’s progress on anti-corruption sufficient to earn it another $1 billion loan guarantee.

In addition, Victoria Nuland, then-assistant U.S. secretary of state, wrote to Mr. Shokin in June 2015 that “we have been impressed with the ambitious reform and anti-corruption agenda of your government.”

When Ukraine’s then-President Petro Poroshenko didn’t initially act on Vice President Biden’s demand, the latter threatened to withhold the $1 billion loan guarantee. He later boasted about the incident during a 2018 Council on Foreign Relations event.

On July 25, 2019, when President Trump called President Zelenskyy to congratulate him on winning a majority in the Ukrainian parliament, he mentioned that he would like Ukraine to examine the circumstances of Mr. Shokin’s firing and former Vice President Biden’s role in the matter. He said then-Attorney General Bill Barr would call to discuss the matter.

Hunter Biden walks to a waiting SUV after arriving with President Joe Biden on Marine One at Fort McNair in Washington, D.C., July 4, 2023, as they return to Washington after spending the weekend at Camp David, the presidential retreat in Maryland. (Saul Loeb/AFP/Getty Images)
Hunter Biden walks to a waiting SUV after arriving with President Joe Biden on Marine One at Fort McNair in Washington, D.C., July 4, 2023, as they return to Washington after spending the weekend at Camp David, the presidential retreat in Maryland. (Saul Loeb/AFP/Getty Images)
“There’s a lot of talk about Biden’s son, that Biden stopped the prosecution and a lot of people want to find out about that so whatever you can do with the Attorney General would be great, Biden went around bragging that he stopped the prosecution so if you can look into it… It sounds horrible to me,” he said.

Democrats interpreted it as President Trump’s abusing his power to have his political opponent investigated.

President Trump has insisted the call was nothing wrong with the call and that Democrats were trying to cover up the Biden family's corruption.

Republicans now say there indeed was corruption worth investigating. In addition to the money Hunter Biden received in Ukraine, they also point to payments from Elena Baturina, the wife of a former mayor of Moscow, as well as money from companies linked to the Chinese Communist Party.

They also capitalize on evidence that contradicts President Biden’s claims that he never discussed with his son his overseas business and that there was a “wall” between those business dealings and his official position.

Devon Archer, a former business associate of Hunter Biden, gets into an elevator as he arrives for closed-door testimony with the House Oversight Committee at the O'Neill House Office Building in Washington on July 31, 2023. (Drew Angerer/Getty Images)
Devon Archer, a former business associate of Hunter Biden, gets into an elevator as he arrives for closed-door testimony with the House Oversight Committee at the O'Neill House Office Building in Washington on July 31, 2023. (Drew Angerer/Getty Images)
“Not only did they discuss business, they discussed strategy, they discussed when they were going to meet with these people, they discussed what the narrative was going to be, how they were going to lie to the American people when word got out that they were being investigated for corruption in Ukraine and being investigated for tax crimes and things like that,” Rep. James Comer (R-Ky.), who chairs the House Oversight committee, recently told Newsmax.

“There was never a wall between Joe Biden and his family’s shady business dealings, and I think what we’re going to find is that Joe Biden not only knew about them, but Joe Biden was the ringleader in all of the crimes that his family’s committed.”

Mr. McCarthy put Mr. Comer in charge of the inquiry together with Rep. Jim Jordan (R-Ohio), head of the House Judiciary Committee, and Rep. Jason Smith (R-Mo.), head of the House Ways and Means Committee.

“Regardless of your party or who you voted for, these facts should concern all Americans,” Mr. McCarthy said.

“The American people deserve to know that the public offices are not for sale and that the federal government is not being used to cover up the actions of a politically associated family.”

Will Democrats False Flag Us into a War with Russia?

Mention the Ukraine War to most Americans and their eyes glaze over.  A lot of folks can’t locate Ukraine on a map.  Yes, that’s partly the fault of our educational system.   

Historically, though, if it ain’t happening here at home, it ain’t happening -- until the Lusitania sinks or Pearl Harbor is bombed.  Vietnam was peripheral until LBJ and the “military-industrial complex” took advantage of the Gulf of Tonkin incident.  Only then did Americans grab their Rand McNallys to discover where Vietnam was.  Then there was Iraq, Saddam, and “weapons of mass destruction.”  But that was a short war and casualties were fewer.  People barely had time to unfold maps.   

The Ukraine war is still blips on radars.  Fortunately, more people oppose sending billions to Zelinsky’s corrupt regime.  They’re starting to wonder why Biden’s handlers and dazed and confused Mitch McConnell give more of a damn about Ukraine than Maui and East Palestine.  But those radar blips may soon balloon.  Speculation is afoot that Democrats may provoke a hot war with Russia.  A diversion is necessary for 2024. 

Some speculation exists that Democrats would ignite a major war with Russia to impose martial law and suspend elections.  That seems like a bridge too far.  But, then again, Democrats and their allies had no worries rigging key state presidential contests to push doddering Joe Biden into the White House.  Maybe the prospect of Donald Trump getting a second bite at the apple would drive Democrats to war.   

Instigating a war with Russia as an election-year ploy would bust the republic.  It would literally bust much of Europe and North America.  Perhaps it’s better to “rule over the ashes?” 

Tucker Carlson, appearing on Adam Corolla’s podcast, seems to think that war is where Democrats are heading.  Per the Daily Caller, August 30:  

“They [Democrats] need to declare war footing in order to assume war powers in order to win. I believe that and I think that the evidence suggests that’s true. So if you’re worried about our politics getting, like, even more vicious than it already is, and people being hurt in our politics, which is entirely possible, you should be worried about the prospect of an open -- we’re already at war with Russia, of course, we’re -- we’re funding their enemies, so we’re fighting Russia -- but I mean, an open battle with Russia, where we say we’re at war with Russia,” Carlson said.

Democrats seem increasingly uneasy about their election prospects.  Polling is trending the wrong way.  Biden slides deeper into dementia.  Kamala Harris is a laughingstock.  Joe’s handlers have messed up everything.  Families struggle to pay bills.  Why?  Energy costs are through the roof, chiefly.  It’s ridiculous to call the U.S.-Mexican border a border.  Even in NYC -- a compassionate sanctuary city -- Mayor Eric Adams is crying, “Uncle!” Cities -- Democrats’ turf -- are descending deeper into crime and squalor.  Donald Trump looms like the Stay-Puft Marshmallow Man, despite multiple sham indictments.           

A false flag incident -- say, a faked Russian incursion into Poland -- might be in the offing.  Wars are often go-to diversions for troubled regimes.  You know, rally around the flag stuff.  Forget about all those Democrat-imposed woes.  It’s our patriotic duty, comrades, to sacrifice!  Let’s go kill the Huns!  Never mind how many of us would be killed.  

To date, plenty of neocons, RINOs, and D.C. foreign policy and defense establishmentarians are content fighting a proxy war with Russia.  The carnage -- overwhelmingly Ukrainian -- is a trifle compared to achieving a geopolitical end: diminishing Russia.  The aforementioned wish to cripple, if not overthrow, Putin.  Of course, why wonder about Putin’s replacement, who could be far worse.  Lusting Western oligarchs -- the equivalent  of Russia’s -- want their grubby paws on Russia’s vast natural resources.  Just hobbling Putin won’t suffice.   

The U.S.-provoked proxy war is a grab for power and wealth.  Lest we forget, the military-industrial complex is lining its pockets off the war, depleting U.S. military stockpiles in the process.  The defense industry makes sure to spread around some of its profits.  Are you kin, a donor, or an ally of a member of Congress or retired military brass?  Cushy gigs await.  Campaign donations flow like mother’s milk.      

Claims that the Ukraine war is a gallant fight for democracy is Wilsonian tripe.  A Russian blitzkrieg to Berlin is as likely as Joe Biden being indicted.  Putin has stated repeatedly -- beginning years ago -- that invading Ukraine would be and is a matter of Russian national security.  NATO in Ukraine is a nonstarter.  But U.S. and Western elites paid no heed.  Would the U.S. have tolerated the Warsaw Pact in Canada or Mexico? 

Ukraine lies on Russia’s southern flank and borders the strategically important Black Sea, which contains Crimea, Russian territory historically.  Crimea contains Sevastopol, the key warmwater port for the Russian Navy.  Russia wasn’t about to permit Crimea being incorporated into a NATO state.       

We needn’t spend a lot of virtual ink recapping the Democrats attempts to destroy Trump during his presidency.  Much of it revolved around “Russia, Russia, Russia.”  It was a nutty, fabricated claim.   

In fairness to Democrats, much of the drivel about U.S. intentions in Ukraine and about Russia flows copiously from the mouths of establishment Republicans, like House Foreign Affairs Committee Chairman Michael McCaul (R-TX).  McCaul’s district lies northeast of the U.S.-Mexican border and outlies San Antonio.  You’d think McCaul would focus on the border, given the illegals’ invasion. 

That invasion not only impacts Texas and McCaul’s district, but represents the genuine threat to U.S. national security.  Yet, all we hear from McCaul -- and other D.C.-invested Republicans -- is that “We can chew gum and walk at the same time,” meaning we can pump tens of billions of dollars into Ukraine while spending a pittance winning the war along our 2,000-mile southern border.  In fact, Biden’s handlers haven’t declared war.  The barbarians aren’t at the gates.  Biden’s handlers opened the gates.  

Rumors about sparking a war with Russia aren’t centered on McCaul and other petting zoo Republicans, however.  Democrats control the power – not just in D.C. but throughout major institutions, public and private.  In terms of power, they’re close to their zenith.  They don’t intend to forfeit that power without a brawl, someway, somehow.   

A conventional war with Russia would prove devastating enough.  The possibility of accidental or deliberate escalation to nuclear war means cataclysm. 

Incredibly, among Democrats, RINOs, neocons, and the D.C. establishment, a belief is held that limited nuclear war with Russia could be won. 

As the National Journal reported back in 2017, limited nuclear war is a strategic consideration.  From the article:

As the theory goes, using low-yield nuclear weapons against an adversary’s conventional forces will demonstrate that you mean serious business and might be crazy enough to launch an all out nuclear attack. This will cause the enemy to “blink” and ultimately back down, rather than risk global thermonuclear war or continue conventional hostilities.

But the National Journal stated that such reasoning is “dangerous fantasy.”  Human nature is complex and often unpredictable.  It’s reckless to assume Russians would back down. 

Some sober-minded Democrats still exist.  They’re mostly dissidents.  RFK, Jr. stands publicly for a negotiated settlement to the war.  Tulsi Gabbard, an erstwhile Democrat, is sharply critical of just not Democrats but the D.C. establishment’s eagerness for war.

We’re living through crazy times.  Norms are being upended and boundaries broken; common sense is shunted.  We can only hope and pray that D.C. Democrats power lust -- enabled by some very dumb RINOs -- doesn’t get the better of them.   

J. Robert Smith can be found regularly at Gab @JRobertSmith. He also blogs occasionally at Flyover. He’s returned to Twitter. His Twitter handle is @JRobertSmith1.

Image: Otto Dix


VIDEO

CUTE AND PASTE  YOUTUBE LINK 

how many of these clowns are  gamer lawyers?

Burning Man Roast

https://www.youtube.com/watch?v=DXC5OvdyWXc

 

For George Soros it was about control to gain influence, access, and special treatment.  After the election Biden formed a transition team that staffed itself with people connected to Soros.

But his money also played a part.  Soros spent over $70 million on activities that backed Biden's candidacy.  Soros bought frequent access to Obama.  That access returned under Biden.  Biden's Kampf

 

 


DEM PARASITE LAWYERS GATHER AROUND THE SAME DADDY BIGBUCK$ NEO-FASCIST GEORGE SOROS

Records: Son of Billionaire Democrat Donor George

Soros Has Visited the White House 14 Times

https://www.breitbart.com/politics/2023/04/08/records-son-of-billionaire-democrat-donor-george-soros-has-visited-white-house-14-times/

 

“Protect and enrich.” This is a perfect encapsulation of the Clinton Foundation  (TWO GAMER LAWYERS - OWNED BY GEORGE SOROS) (WHAT ABOUT THE CHINA BIDEN PENN CENTER?)  and the Obama (TWO GAMER LAWYERS - OWNED BY GEORGE SOROS) book and television deals. Then there is the Biden family (FOUR GAMER LAWYERS - JOE, HUNTER, JAMES, FRANK - OWNED BY GEORGE SOROS corruption, followed closely behind by similar abuses of power and office by the Warren (GAMER LAWYER) and Sanders families, as Peter Schweizer described in his recent book “Profiles in Corruption.” These names just scratch the surface of government corruption (ADD GAMER LAWYER KAMALA HARRIS (WANTS TO BE OWNED BY GEORGE SOROS) AND HER LAWYER HUSBAND AND THE BANKSTERS’ RENT BOY, LAWYER CHUCK SCHUMER, OWNED BY LARRY FINK OF BLACKROCK WHO OWNS A BIG PIECES OF THE ‘BIG GUY’ JOE, AND GEORGE SOROS’ RENT BOY (GAMER LAWYER) TONY BLINKENAS WELL AS CON MAN (GAMER LAWYER) ADAM SHIFF) AND HIS CORRUPTNESS (GAMER LAWYER) BOB MENENDEZ STILL EVADING PRISON.

    BRIAN C JOONDEPH

 

One topic that Hillary is quick to criticize President Trump on is his relationship with Saudia Arabia. It’s ironic given the Clinton Foundation’s refusal to state that they will no longer accept financial donations from The Kingdom as others have.

 

For one thing, there’s a very sordid background to the story. The family  has a long history of corruption and drug use unhampered by legal prosecution.

SHOCKING New Evidence of Joe Biden's Corruption

 

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

 

 

Almost three years later, the media and other Democrats are still burying the story of massive Biden family corruption, no matter how much proof they are shown. 

And they never ceased promoting the biggest lie of all, which is that the Obama administration was scandal-free because no one went to jail.  That's called skating in the real world.

 

 JUDICIAL WATCH’S TEN MOST CORRUPT LIST

President Barack Obama: During his presidential campaign, President Obama promised to run an ethical and transparent administration. However, in his first year in office, the President has delivered corruption and secrecy, bringing Chicago-style political corruption to the White House. JUDICIAL WATCH

 

 

Biden’s influence-peddling is consistent with what I wrote in my book, 'Capitol Hills Criminal Underground'

By Richard Lawless

 

More than three years ago, MedLaw Publishing released my book, “Capitol Hills Criminal Underground” in which I, the book's author, describe a long-running “protection racket” being run by then-Vice President Joe Biden, as well  as Attorney  General Eric Holder and New York Senator, Chuck Schumer.  

The three amigos effectively arranged to have all Wall Street criminal cases directed to the lefty-friendly Southern District of New York, and for the right “payments” the cases would be closed. Money would then go into PACs controlled by Schumer and distributed to all those involved.  In return for those payments, there would be no investigations, no prosecutions and no regulatory action.  As author, I tracked over $110,000,000 in payments to politicians. 

The CIA tracked some of the money-laundering related to the theft by these Wall Street companies and was able to track back the payments to senior DOJ officials and senior politicians like Vice President Joe Biden.  

I, and a senior CIA officer, offered this evidence to both FBI Director James Comey and DoJ Inspector General Michael E. Horowitz.  They both declined to respond.  I filed criminal complaints with the FBI and was told by field agents that senior leadership at the DOJ would not allow anyone to work the criminal complaints.

I want to encourage all Americans to read my book, "Capitol Hill's Criminal Underground" and decide for themselves.

 

 

VIDEO

THE BIDEN GLOBAL CRIME FAMILY OF LYING PARASITE LAWYERS PROTECTED BY GAMER LAWYER MERRICK GARLAND, A.G. OF THE UNITED STATES

https://www.youtube.com/watch?v=m2_kSqvsUEQ

 

The Worst President in the Last 100 Years" - Victor Davis Hanson

 

https://www.youtube.com/watch?v=8J6WjzdPBCo

 

 

Victor Davis Hanson Questions Obama's Political Past

https://www.youtube.com/watch?v=yVkCTRYgfk0

 

 

Victor Davis Hanson- Resetting the Obama Reset

https://www.youtube.com/watch?v=wXlx5mL0N7E

 

 

 

Chris Hedges on THE END Of America...

https://www.youtube.com/watch?v=ygM7JrLCDzU

 

The Biden Crime Family Comes Undone

Say it ain’t so, Joe.

Daniel Greenfield

https://www.frontpagemag.com/biden-crime-family-comes-undone-daniel-greenfield/

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

The Biden family is notorious for being the crookedest clan not only in Delaware, but in D.C.

 VIDEO

Watters: I guarantee you Satan went to law school

 

https://www.youtube.com/watch?v=g6Ln2aXLqWw

 

Getting Biden Wrong

By Paul Gottfried

Okay, I get it! From listening to Republican TV and reading Republican publications, I have learned that Joe Biden is a sleazy, mendacious, and demented chief executive. He has weaponized the entire Justice Department and the IRS against his real and suspected political opponents, thrown open our southern border to drug cartels, and reduced our armed forces and international posture to shambles. Moreover, Joe has a gangster son with whom he has engaged in illegal business ventures; and it’s entirely possible that the cocaine recently found in the West Wing of the White House came from son Hunter, who is a drug addict as well as many other bad things. 


Darrell Issa: ‘Culture of Corruption’ Is ‘Crippling’ the Biden Presidency

Representative Darrell Issa, a Republican from California, speaks during a House Judiciary Committee hearing in Washington, DC, US, on Thursday, July 13, 2023. The Federal Trade Commission chair is set for a grilling by House Republicans who've been sharply critical of her approach to antitrust and are sure to raise …
Al Drago/Bloomberg via Getty Images

A “culture of corruption” is “crippling” the Biden presidency, Rep. Darrell Issa (R-CA) said in a statement on Tuesday following the launch of House Speaker Kevin McCarthy’s (R-CA) formal impeachment inquiry into Joe Biden.

Issa remarked:

I fully support the decision today by Speaker McCarthy. The initial evidence uncovered by this Congress is overwhelming, and the time has come. As a Senior Member of the Judiciary Committee, I look forward to contributing to this inquiry and revealing the full facts regarding the president’s actions.

Issa added that the evidence against Biden is both “troubling and incontrovertible.”

“From his earliest days in office, President Biden has misstated key facts about his knowledge, participation, and profiteering from the selling of access and the peddling of influence undertaken by his family and friends,” he continued, adding that Biden has “inappropriately delayed, denied, and stonewalled congressional inquiry and oversight into one scandal of his term after another.”

Further, Issa said Biden has “relentlessly misled the American people.”

“Enough is enough. With this formal inquiry, Congress will utilize its full capabilities to conduct its constitutional duty and complete a full unearthing of the culture of corruption that is crippling this presidency and staining the highest office in the land,” he added.

Other members of Congress expressed strong support for the impeachment inquiry as well.

“Our work on the House Oversight Committee produced evidence that President Biden continually lied to the American people about his involvement in his family’s shady business dealings,” Rep. Nick Langworthy (R-NY) said.

He continued:

We’ve uncovered millions in foreign money to various Biden family members, and we know President Biden was involved in meetings with Hunter’s foreign business ties. I applaud Speaker McCarthy for initiating this logical next step to use the full power of the House to bring answers to the American people, and I look forward to working with my colleagues on the Oversight Committee, under the exceptional leadership of Chairman Comer, to bring transparency and accountability to this Administration.

Rep. Elise Stefanik (R-NY), the GOP House Conference Chair, said she is “committed to ensuring that we uncover the truth about what I believe will prove to be the biggest political corruption and criminal scandal in our nation’s history.”

“An impeachment inquiry will allow the American people to finally see the proof of Biden’s corruption. If the House sends an impeachment to the Senate, I will vote for the accountability Tennesseans want to see,” Sen. Marsha Blackburn (R-TN) remarked.

The statements followed McCarthy’s historic announcement, in which he detailed why he decided to move forward with a full impeachment inquiry, citing mounds of evidence of malfeasance.

“Through our investigations, we have found that President Biden did lie to American people about his own knowledge of his family’s foreign business dealings,” McCarthy said, noting that witnesses testified that Biden “joined on multiple phone calls and had multiple interactions.”

“Dinners resulted in cars and millions of dollars into his sons and his son’s business partners,” McCarthy continued, noting that bank records show that “nearly $20 million in payments were directed to the Biden family members and associates through various shell companies.”

“Finally, despite these serious allegations, it appears that the president’s family has been offered special treatment by Biden’s own administration — treatment they not otherwise would have received if they were not related to the president. These are allegations of abuse of power, obstruction, and corruption,” McCarthy said, noting that he did not make this decision lightly.

“Regardless of your party or who you voted for, these facts should concern all Americans. The American people deserve to know that the public offices are not for sale,” he continued, urging Biden to “fully cooperate with this investigation in the interest of transparency.”

WATCH — “President Biden Did Lie”: McCarthy Announces Impeachment Inquiry into Joe Biden

Speaker Kevin McCarthy / Facebook

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Exclusive — Whip Tom Emmer on Biden Impeachment Inquiry: ‘Not Even President Biden Is Above the Law’

UNITED STATES - JANUARY 10: House Majority Whip Tom Emmer, R-Minn., participates in the House Republicans press conference following their caucus meeting in the Capitol on Tuesday, January 10, 2023. (Bill Clark/CQ-Roll Call, Inc via Getty Images)
Bill Clark/CQ-Roll Call, Inc via Getty Images

House Majority Whip Tom Emmer (R-MN) told Breitbart News in an exclusive statement on Tuesday he backs Speaker Kevin McCarthy’s (R-CA) impeachment inquiry, saying “not even President Biden is above the law.”

“The American people gave our House Republican majority a mandate to provide transparency and accountability, and that’s exactly what we’ve done over the last eight months,” Emmer said in a written statement. “Chairman Comer has proved the Biden family engaged in a disturbing pattern of corruption that included selling government access to foreign adversaries like China. I fully support Speaker McCarthy’s commitment to follow the facts wherever they lead and ensure no one, not even President Biden, is above the law.”

Emmer’s statement follows after McCarthy launched an impeachment inquiry into Biden for “abuse of power, obstruction, and corruption.” The speaker said House Republicans have uncovered “serious and credible allegations” against Biden.

“Taken together, these allegations paint a picture of a culture of corruption,” McCarthy explained. “These are allegations of abuse of power, obstruction and corruption. They warrant further investigation by the House of Representatives.”

“President Biden Did Lie”: McCarthy Announces Impeachment Inquiry into Joe Biden

Speaker Kevin McCarthy / Facebook
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“That’s why today, I am directing our house committee to open a formal impeachment inquiry into President Joe Biden,” he continued. “This logical next step will give our committees the full power to gather all the facts and answers for the American public. It’s exactly what we want to know: the answers.”

House Judiciary Committee Chairman Jim Jordan (R-OH), House Oversight Committee Chairman James Comer (R-KY), and House Ways and Means Chairman Jason Smith (R-MO) will lead the inquiry.

Emmer told Breitbart News in January that he would consider impeachments of Biden, Department of Homeland Security (DHS) Secretary Alejandro Mayorkas, and other officials if the House investigations found evidence of “impeachable malfeasance.”

“The best disinfectant for corruption is sunlight, transparency, and there has been none, and there’s a lot of corruption in this administration, and outside of it by the way, relating to it,” Emmer said.

He also argued that there had been a “double standard” for accountability between Biden and former President Donald Trump over “breaches of public trust, and maybe more.”

Sean Moran is a policy reporter for Breitbart News. Follow him on Twitter @SeanMoran3.