Saturday, February 25, 2023

WE DARE CALL IT ' CONSPIRACY ' !

WE DARE CALL IT A ' CONSPIRACY '.
FROM THE NORD STREAM PIPELINE ,
TO THE TRAIN DERAILMENTS and 
CHASING UFO BALLOONS !

There's a power vacuum at the top and it's made the USA completely ungovernable for some time now. It's getting worse though which is why the Oligarch wars have been ramping up. Everyone and each faction is trying to position itself in the power structure.In the meantime the people like Nuland and Blinken are using the state to wage war for their personal vendettas and pure hatred for Russians that goes back a couple generations. These people are starting fires all over the world in a desperate attempt to save the empire and they won't stop until the very end.Strange as it may have seemed ten years ago, we've actually got the best > analysis available of what's going on. We have far better techniques for > attacking the conspiracy than those available to the "activists." So what > do we do now? My, my. The deeper you go the nastier it gets.



1. NORD STREAM PIPELINE .
I'm starting to err on the side that Hersh has a credible source and anyone claiming it's disinformation is in fact the disinformation themselves.  (1)>>Of course the US is going to deny it, because it's an act of war. According to Hersh’s source, the decision to sabotage the pipeline came directly from US president Joe Biden and was the result of a highly secretive debate that lasted for over nine months within Washington's national security community.  (1.2)>>Seymour Hersh, an investigative journalist with a track record of breaking major stories, published a bombshell report on Substack last week that alleges the United States was behind the explosion of the Nord Stream pipelines. According to Hersh, an anonymous source with inside knowledge of the operation has confirmed that the U.S. government was involved in the planning and execution of the sabotage, which took place on September 26, 2022.It just forced  (2)>>Europe to start importing American natural gas.I totally understand people thinking it's Russia, if they thought it would benefit them I don't doubt for a second they would do it. But I don't see how they would benefit from it at all. They already controlled the flow through the pipeline and had already cut the supply. Blowing it up only made it so they have fewer cards to play strategically. Moreover, the gas pipes were Russian and Russia had been pressing for years to finish them and use them, while the US had been complaining and even threatened sanctions against Germany if they were to use Nord Stream 2.And then there's that weird moment when Biden said that Germany would not buy gas from Russia through Nord Stream 2, shocking journalists that then asked how would the US prevent two sovereign countries in Europe buying and selling gas, to which Biden just said something on the lines of "trust me, we will prevent it".I too would prefer to live in the world of happiness and friendship where the EU and the US are bff. But we live in reality, and I have zero doubt that the  (3)>>US committed an act of war against EU countries simply because it benefited them (either economically or politically, or both) knowing that the EU cannot really retaliate against that.Unless someone proposes a real reason why this attack would benefit Russia (and no, "it was an excuse not to sell" or "it was a false flag attack to break NATO" are not good enough excuses); the most probable culprit is still the US.

2. OHIO PALESTINE TRAIN DERAILMENT .
Since the US GOvernment under Joe Biden blew up the NORD STREAM pipeline , there been a lot of strange things going on right here in the United States . Are they linked ??? I don’t care if I/we are being (4)>>“conspiratorial” about this, all I want at the moment is to know I’m not the only one feeling that our country is under attack.  (4.1)>>So if you didn’t know, in 2022 a movie called white noise on Netflix released that depicts essentially what just happened in Ohio.As soon as the family in the movie is evacuated the camera pans towards a book called “the occult.”  I think it's crazy that the movie was filmed at locations within an hour of where the actual train derailment happened. Hell, one of the extras on the movie is from East Palestine.😳. Strange that it’s called East Palestine, as if symbolically enacting events in the Gaza Strip.  I’m not sure if anyone else noticed this, but I’m starting to trip    Crazy to think we just signed a $1 trillion dollar infrastructure bill that would apply here.Of course that would have been easier had this sudden inflation  (5)>>thing happened right after coinciding with something about Ukraine 🤔That $1 trillion really wasn’t worth as much when price of gas, steel, etc jumped up from that pesky inflation. The one in Ohio is completely different. I don’t know if there’s data but I doubt there’s even been an increase in derailments. Yes we are at war and the enemy is within and wide open borders for years.Infrastructure attacks happening for past couple years and increasing with intensity. Nothing will be done Sure it could be maintenance, but put in context with everything going on and deplorable response east Palestine, i would 'guess' intentional.On social media like Twitter and Telegram, commentators have called the situation the “largest environmental disaster in history” or simply “Chernobyl 2.0,” invoking the 1986 nuclear disaster. They warned, , that vital water reservoirs serving states downriver could be badly contaminated. And they suggested that the authorities, railroad companies and mainstream news media were purposefully obscuring the full toll of the crisis. “‎Planned attack, cover-up or both?” asked “Conservative Daily Podcast .” The lack of reporting from American Publications and lack of action from political leaders has created a lot of backpedaling and downplaying   (6)>>I think it might also be worth mentioning that the politically oriented suspicions are also rooted in an awareness that because they are small town poor Ohioans, the rich coastal people whom they are supposed to trust to solve this look down on them as rubes and consider their fears silly. Pete Buttigieg most definitely does not live in East Palestine, which lends itself the fear that their safety will be neglected in favour of larger economic and government interests. If this happened in the LA suburbs and it was upper middle class suburbanites who were freaking out about rampant unfettered capitalism in collusion with the government, the coverage—and reception among the NYT readership—would be different. Picture that cloud hanging over your backyard, and the chemical slicks in the creeks, and the smell in your bedroom, and have some sympathy.
3. THE UFO BALLOON DISTRACTION !

Maybe this is overly hopeful. But with since the NYT article, the hearings and now  (7)>>shooting down these “UFO’s” the topic has become far more mainstream than perhaps it’s ever been.I didn’t used to think the US gov would ever actually consider disclosure.But I still can’t figure out why in the world they’d tell the public about these shoot downs? In the way they did, with as many as they did, with the response that they had after - when they didn’t have to say anything at all. The only thing I can think of is that they WANT this to be a subject people are talking about. (8)>>People keep saying it’s to distract - but it hasn't distracted anyone from the nord stream story or the Ohio story AT ALL so if that was the goal they totally failed. I’m seeing those stories everywhere. The only thing I can think is that this is some kind of slow introduction to the concept so when it finally arrives the blow is lessened. downing a balloon and ignoring the other three is exactly the opposite of the road to disclosure. it's the road to "those are just balloons" in the mainstream media. also to the road to "china bad",  (9)>>so more $$$ for the military complex.We hear a lot about these shadowy companies that score massive black budget programs through the U.S. Dept. Of Defense, like Raytheon, Boeing Phantom works, Lockheed Martin Skunkworks, etc. It seems like these recent "events" could have been very cleverly orchestrated to secure further big-budget spending in the name of "defense"/"surveillance" - in fact, I believe Lockheed Martin just landed a $2,000,000,000 contract by the U.S. government. Another element of the theory is that higher-level individuals in the chains of command within these black budget programs helped orchestrate these incidents, or helped hype up the news about them, in order to justify staff-maneuvering away from disliked projects and in to more desirable projects like "balloon surveillance", which could ostensibly just be a cover for other expenditures or selfish pursuits.My only question is why come out and say they were likely benign research balloons instead of acting like they were more of a threat? The universe holds knowledge. It decides when we're allowed to access it.  (10)>>Distraction from the environmental catastrophe in Ohio and the fallout that’s airborne and covering almost the entire coast of the eastern United States.   There are certainly unknown forces at play and they seem strongest when these absurd events coalesce with our "preparations". It seems the entire West is run by evil and insanity We actually have a US administration and its compliant MSM that is TRYING to instigate a nuclear war with Russia which would guarantee our incineration and extinction Our MSM is actually cheer-leading this Unbelievable.-----Yes WE DARE CALL IT A CONSPIRACY !!!!!


NOTES AND COMMENTS :
(1)>>Of course the US is going to deny it, because it's an act of war.  Pulitzer Prize winning journalist Seymour Hersh — who spent his career exposing the lies and corruption within both the public and private sectors — contends the United States blew up the Nord Stream pipelines. The pipelines were owned by Germany. The liquid natural gas (LNG) that ran through it was owned by Russia. If the U.S. destroyed the pipelines it's arguably an act of war against three entities: Germany, Russia and NATO. It is also economic and environmental terrorism. Lots of greenhouse gas was created by all that LNG in the water. And it is the inevitable fulfillment of U.S. President Joe Biden’s irresponsible and unruly foreign policy. The Kremlin said allegations of Russian responsibility were "stupid" and Russian officials have said Washington had a motive as it wants to sell more liquefied natural gas (LNG) to Europe. President Vladimir Putin said the United States and its allies blew up Nord Stream. "The sanctions were not enough for the Anglo-Saxons: they moved onto sabotage," he said.(1.2)>>Seymour Hersh. Journalist Seymour Hersh has promised to reveal more incriminating information linking the US to the demolition of the Nord Stream gas pipelines. President Joe Biden ordered the lines destroyed to prevent Germany from resuming the purchase of cheap Russian gas, he claimed.  If US dis it That would have been a crazy dangerous gamble of political matters. Not aurr I would have taken these odds or current White house would but hey … balsy will know in 50years You know what’s next in the US playbook right? Let me tell you, and mark my words. Next the US will make their European vassals “investigate” and officially blame Russia for the sabotage. Wait, watch and see. Europeans are utterly shameless in the lengths they are willing to humiliate themselves. There’s a lot of things the US self described left really doesn’t understand well about Europeans the EU more generally. It’s for sure a big blind spot for this group, right up there with economics and finance.In a post to his Substack page on Wednesday, Hersh slammed the mainstream media – singling out the New York Times and Washington Post – for refusing to “run a word” on the pipeline story, and for ignoring Russia and China’s calls for an international investigation.The Biden administration has described Hersh’s reporting on the Nord Stream explosions as “utterly false and complete fiction.” Moscow considers the destruction of Nord Stream an act of “terrorism,” and Russia’s ambassador to the UN, Vassily Nebenzia, argued this week that Hersh’s reporting was “more than a smoking gun” suggesting US involvement. Prior to Hersh’s initial article, Russian President Vladimir Putin blamed the explosions on the West, arguing that the US in particular benefited from the attack due to its position as a supplier of LNG to Europe.(2)>>Europe to start importing American natural gas.  Well its 'bait and switch '. The U.S blows up the Nord Stream pipeline in order to sell a more expensive natural gas to Europe . Who would have thought that Gas from Russia was cheap.Germany’s economy minister accused the U.S. and other “friendly” gas supplier states of astronomical prices for their supplies, suggesting they were profiting from the fallout from the war in Ukraine.US energy companies charging absolutely maximum prices for their product to boost their quarterly profits on the backs of their consumers in a time of war? How unsurprising. Rapacious capitalism at its worst.Moscow’s state-owned gas giant, Gazprom, has cut supplies to the bloc drastically over the last few months, largely due to international sanctions and a desire to punish Europe —multiple US administrations for decades have begged and pleaded with the EU to wean themselves off of Russian gas. But the Germans were all to happy to make corrupt, backroom deals with Gazprom for cheap gas.(3)>>US committed an act of war against EU countries . My question for the US government and all NATO countries: "Do you consider the destruction of the pipeline an act of terrorism or an act of war? What should be the punishment for the guilty party?"The entire World knew the U.S. sabotaged the Nordstream pipelines. The excellent article by Seymour Hersh explained the details about how the sabotage was planned and how the U.S. executed it through its colony: Norway.By destroying the pipeline the US government broke europe s competitive edge Cheap energy and metals made Germany a giant in mechanical technology Price competitive edge has gone.Quoting one unnamed source with “direct knowledge of the operational planning”, Hersh detailed how “skilled deep-water divers” from the US Navy planted C-4 explosives during a training exercise last June, then detonated the payload remotely three months later.“President Joseph Biden saw the pipelines as a vehicle for [Russian President] Vladimir Putin to weaponize natural gas for his political and territorial ambitions,” Hersh wrote.I think there is an epic criminal saga coming down the pipeline on this one. It seems like nothing at the moment, but that wouldn't be the first time in history. This is the silence before the storm. It may take months, it may take years, but this will be big.(4)>>“conspiratorial” .  The rail disaster was not the result of an external attack, and although the specific reasons for the accident are still under investigation. The accident was not even the first to have occurred in Ohio this year, according to Newsweek, with another derailment having taken place on 19 January between Trinway and Adam’s Mill. In that incident, an Ohio Central Railroad train comprising 97 cars and stretching for 1.2 miles slid off the rails, although they were empty at the time so leaked no cargo and no one was hurt. But it is the East Palestine incident that has cast new light on America’s under-reported railroad sector and the challenges it faces.  The whole thing about the Ohio Derailment is a bit odd .Many people also think of this as a more obscure story because of the possibility of conspiracy no one died in the derailment, but dangerous chemicals were released into the air, the ground, and water, and we’ve all seen Erin Brokavich: there’s no way the release of these chemicals isn’t going to be damaging, and so the company responsible has every reason to try to cover it up.So as conspiracy theories go, one could find crazier than “Norfolk Southern Railway is a $12 billion company that knows they might be in deep shit for dumping known carcinogens onto an entire town, so they’re using their money and influence to make this all seem safe when it absolutely is not. And if no one is paying attention, no one will notice when this entire town has cancer a decade from now.”Consider, for starters, that “national security” encompasses not merely the external defense of the United States, but also the intelligence apparatus that supports its military operations, the defense against terrorist attacks, and the diplomatic efforts to secure allies and communicate with potential adversaries. All these actions and a variety of others are what nations do to protect their citizens. (4.1)>>So if you didn’t know, in 2022 a movie called white noise on Netflix released that depicts essentially what just happened in Ohio.  Almost as much of a coincidence as the rail unions striking because they were overworked and understaffed, having their bargaining power be stripped by congress and undermined by the president, and then two months later this happening.I've seen some other people say it's like the movie white noise, but they didn't go into detail. Didn't realize that the plot was pretty much the same thing and in the same exact town. Nah no way we conspiracy theory enthusiasts would be actually blessed with a good one like real aliens, this will just be some more bullshit that will make people sick while old ballsacks make money off of us. Curiously, the police chase scene in Close Encounters was inspired by events that took place, in part, in East Palestine in 1966. There was an 86 mile police chase of a UFO that spanned two states which passed through East Palestine, before lifting over Conway, Pa. EP police were one of several departments involved.“White Noise,” they thought it would be a fun distraction from their day-to-day life in blue-collar East Palestine, Ohio.Ratner, 37, is in a traffic jam scene, sitting in a line of cars trying to evacuate after a freight train collided with a tanker truck, triggering an explosion that fills the air with dangerous toxins. In another scene, his father wears a trench coat and hat while people walk across an overpass to get out of town. Directors told the group they wanted them to look “forlorn and downtrodden” as they escape the environmental disaster.(5)>>thing happened right after coinciding with something about Ukraine . During an appearance on Fox News, East Palestine Mayor Trent Conaway was asked to give his thoughts on Biden’s surprise visit to Kyiv on Monday while he is in Poland for an international trip. HE said that President Biden’s visit to Ukraine was the “biggest slap in the face” as his town continues to deal with the chemical fallout from a train derailment. American public’s expressed preparedness to pay a price for supporting Ukraine in its war with Russia, compared to the levels expressed in March, on three dimensions: increased energy costs, rising inflation, and preparedness to pay a price in American lives.  Given the potential for escalation of the Ukraine conflict, the balance of risks on U.S. inflation over the short to medium term appears tilted to the upside. This might require a more front-loaded and rapid reaction to reduce the likelihood of inflation climbing further and to prevent those tail risks from materializing.This high inflation risk coincides with increasing signs of buoyant asset markets, notably housing. In parts of the U.S. particularly dependent on the oil and natural gas industry, booming energy prices can add pressure to already-elevated housing prices.The GOP has also been critical of the Biden administration’s handling of the derailment of a Norfolk Southern train carrying toxic chemicals near the Pennsylvania state line earlier this month. The incident caused a massive fire and prompted authorities to evacuate about half of the 4,800 residents in the surrounding area.Norfolk Southern has said some of the rail cars were carrying hazardous materials including vinyl chloride, combustible liquids, butyl acrylate and benzene residue, as well as other nonhazardous materials.  (6)>>I think it might also be worth mentioning that the politically oriented suspicions are also rooted in an awareness that because they are small town poor Ohioans. Yet there are real risks to the train derailment story, which took place in the traditional swing state of Ohio that has in the last decade seemingly turned against the president’s party. Fallout from the train derailment has also hit the swing state of Pennsylvania. The East Palestine Fire Department last week informed village residents that they are able to return to their homes, but cautioned them to avoid the area surrounding the railway as residents questioned whether the air and water around them is safe for people, pets and livestock in the aftermath of the incident.Wondering if it would have still derailed if it had stopped shortly after tripping the first sensor or not. Sounds like if it would have been stopped earlier, even if it derailed, it might have been in a more rural area at the very least. My thoughts about this are speculation, but if it’s found that management made this situation even worse by not allowing them to stop sooner, maybe the company will be held more accountable (wishful thinking I know). just imagine what is going to happen from this Vinyl chloride I want to call it spill but it was not a spill we have got to keep that part in mind Vinyl chloride did not spill there was no spillage from the derailment there was no cracked tanker from the derailment they willingly opened it up and poured it out into the ground and then lit it on fire to stop the potential of maybe possibly one rail car from exploding even though there were numerous other options they could have done this is what they went with and here is where we are today because of their uh decisions now the other thing is the national Transportation safety board NTSB came'. out yesterday with their findings of what happened in Ohio with the train derailment and let me find my notes here because again I have way too many notes um basically what they said was that it was a fully uh a fully avoidable accident so I was trying to figure out exactly how it could have been avoided.(7)>>shooting down these “UFO’s” the topic has become far more mainstream than perhaps . UFOs   I had to just postulate, I'd say the reason could be something like:Coming out and saying "oh it's all benign lmao literally just balloons folks" allows them to additionally say: "but boy oh boy, did those balloons sneak up on us! so we need a few billion dollars to do more 'research' to stay on the cutting edge -- and no, there can't be any oversight, and no you can't ask what we are doing with the money."Know what I mean? That's just a theory, but having worked in the military for a long time, and seeing how late stage  capitalism affects everyone at the highest level, this could make sense. It’s clear this is the case. We have a UAP program in the government and the phenomenon has been acknowledged. What needs to happen for it to be considered disclosure?(8)>>People keep saying it’s to distract - but it hasn't distracted anyone from the nord stream story or the Ohio story. Some conspiracy theorists have claimed that the Biden administration deployed the aerial objects to distract Americans from more pressing issues happening, like the Ohio chemical spill. Others online have jumped to the conclusion that they're of extraterrestrial origin. As AP News reported, internet searches for the term "UFO" increased around the world , indicating heightened speculation.All of this brings us to the recent spy balloon mania, during which US F-22 jets downed a Chinese balloon nine days ago and, subsequently, three unidentified objects over Canada and the United States. Given the lack of government transparency about what, exactly, these latter three objects were, conspiracy theories have multiplied. Misinformation, after all, loves nothing more than a vacuum.White House spokesperson Karine Jean-Pierre felt compelled to address the issue during a press briefing. "There is no indication of aliens or extraterrestrial activity with these recent takedowns," she said. "I wanted to be sure the American people knew that, and it is important for us to say that from here."So yeah, it's not aliens. Unless you believe the government is covering things up, of course.(9)>>so more $$$ for the military complex. Pentagon's new push to investigate reports of UFOs has so far not yielded any evidence to suggest that aliens have visited Earth or crash-landed here, senior military leaders said . BUT its too coincidental that any UFO's just appeared in the American skies , it's the same old smoke and mirrors lie from our government to boost up it's military spending to fight China and Russia .The Ukraine War Is Ballooning America’s Military Industrial Complex.For American politicians and pundits given to giddiness—and to distracting attention from recent failures—the proxy war in Ukraine is the perfect foreign quarrel. It is rejuvenating Cold War–style militarized globalism as the cornerstone of U.S. national security policy.Conservatives are flipping out about the Chinese balloon menace. First, a spy balloon is quite limited in terms of what it can access. So far, the military has been unsurprisingly tight-lipped about what was found in the debris after the balloon was shot down (amusingly, it was the very first time an F-22 fighter jet has been involved in air-to-air combat), but experts speculate it was probably a package of surveillance equipment—cameras, sensors, and so on. It’s hard to imagine that it could have, say, hacked into Pentagon computer systems. Within the military-industrial complex, there are no incentives to do the right thing, except to push endless wars like the Ukraine proxy war insanity .(10)>>Distraction from the environmental catastrophe in Ohio and the fallout. Personally, I dislike the tendency of politicians to go out to places for photo ops. If they can do some good, great, do it, but if they're just there to see the disaster, don't. Send the people who will be making the actual plans, because it certainly shouldn't be the President making them directly. Because an active Warzone with threat of nuclear action is safer than the air in East Palestine.Yes, better to prolong a proxy war that could lead to annihilation than make a symbolic visit to a part of your country that has been poisoned by the very oligarchs that pull your strings. Then again, the weapons manufacturers pulls Biden’s strings also.Optics. Him visiting Ohio would resonate mostly with Americans, and even more so with just those impacted. On the other hand, visiting Ukraine gives 46 a broader (and international audience), since more people outside of US know about Ukraine than Ohio. Also, combine that the sentiment on Americans financial support of Ukraine is dwindling, it is important 46 stays ahead of an overturning optics, since he’s still supposedly running for re-election, and does not want it to be used against him in 2024.This disaster demonstrates just how the Biden administration feels about rural white folks.

Saturday, February 18, 2023

THE DEBT CEILING FIASCO !?

EVERY DAY that Congress stalls 
it adds to nation's DEBT .
AND HURTS THE ECONOMY !


level The US government has the power to print dollars whenever it wants, so yes, in theory the debt ceiling can rise forever.
Apparently the last time the US paid off its debt was 1835. How is it ok to keep pushing up the debt ceiling? Isn't there a point of no return vs the capacity of the population and the taxable income of the corporations?t might be very bad... maybe. Way back in May 2011, approximately 40 percent of US government spending relied on borrowed money. Critics have argued that the debt ceiling crisis is "self-inflicted . It's a market faith question and a legal question, as the (1)>>14th amendment prohibits defaulting on debt. The debt ceiling won't actually cause a default on debt (as that's illegal) but the government would have to figure out how to reconcile servicing the debt with spending outlays they also voted for.So it'd get kicked over to SCOTUS. But that simple fact will not stop House Republicans from using the borrowing limit to try to force (1.2)>>President Joe Biden and congressional Democrats to agree to federal spending cuts.Were that to happen, we would be in the early stage of a global financial crisis. The Dow would plunge by thousands of points per day, and the credibility of the US – its trustworthiness as a country that pays its debts on time – would be substantially eroded. The likely result of that would be them eventually telling the federal government they have to cut spending if they can't borrow more.The real uncertainty is how much this whole thing freaks out the market and results in capital flight. What's more, given the uncertainty on what's going on currently, economists will probably argue for another 50 years what effect this had and what effects were underlying issues. (2)>>If the dollar ceases to be the world's reserve currency right after a debt ceiling debacle, I think it'll be pretty easy to point to that as a direct cause. The economic benefits to the US for having the world's reserve currency are pretty huge and I'm sure there have been numerous papers calculating the economic benefit to us. If people start to worry that a government won't be able to pay its debts, they're less willing to lend money to it, which drives up the government interest rates - making it more expensive for the government to borrow money.  (3)>>Which is a nasty cycle, as the more expensive borrowing becomes, the more the government has to borrow to pay off its previous loans. And eventually the government will default on its loan repayments.There are different ways a country can deal with that; sometimes the IMF will intervene, offering a bailout, giving the country a low-interest loan to cover its debts (often with conditions on how the country has to get its finances back on track - something that tends to be unpopular as it often involves tax increases and spending cuts). The classic way out is for a country to devalue its currency; effectively print enough money to cover its debts.  (4)>>Obviously this doesn't tend to go down well (and is tricky if the debts are in other currency), it tends to lead to hyperinflation and the currency to crash, making it much more expensive to import things. The other option is for countries - particularly those who are owed money, to help restructure the loans.Sri Lanka defaulted on some of its loans last year, as part of an ongoing economic crisis they're having, but with financial help from India seem to be getting back on track. Russia technically defaulted on some of its loan repayments last year, but that was due to sanctions as a result of their invasion of Ukraine (it wasn't that they didn't have the money, they just couldn't get it where it needed to go).It's silly to talk about the USA having a sovereign debt crisis any time soon when investors from all around the world are getting into bidding wars to buy  (5)>>US sovereign debt to the point where they drive their own return on investment below the inflation rate. There are a few goldbugs left who flee to precious metals whenever the economy gets rocky, but most of the grown-up world, when their other investments start to look shaky, rush to buy US sovereign debt.

  NOTES AND COMMENTS : (1)>>4th amendment prohibits defaulting on debt. . My understanding is that Article 1 section 8 of the Constitution states that only Congress can take out new debt for the Federal government and the 'debt ceiling' was basically a way to simplify that process so instead of a bunch of individual bills to take out debt when needed Congress just has to pass one bill every once in a while authorizing a raise in the total amount the government can take out and then the Executive branch/Federal agencies gets to use that as needed.So under that understanding if you ruled the debt ceiling unconstitutional you're in an even worse situation where the House is now more involved in the debt than before as they have to approve every individual instance of debt going forward.(1.2)>>President Joe Biden and congressional Democrats to agree to federal spending cuts. The parallels between the current situation and the debate that led to automatic cuts known as sequestration 12 years ago are not lost on McCord. In 2011, Republicans had just taken over control of the House and were demanding spending cuts in exchange for raising the debt ceiling. The crisis ended in the Budget Control Act, which forced hundreds of billions of dollars in spending cuts over the next 10 years.The Biden administration is preparing to ask Congress for the largest Pentagon budget in history, according to the Defense Department’s chief financial officer, as partisan squabbling over the debt ceiling raises the specter of deep cuts to the military’s funding plans.The national debt is the consequence of actions already taken by the Congress. It represents the bill for past wars, past tax cuts, and spending that has already occurred. To not honor such debt because of an arbitrary limit would produce uncertain but likely disastrous consequences for financial markets and the economy. It would increase not reduce future government spending due to the likely rise in interest rates. Additionally, any slowing of the economy in response to a threatened or actual default would automatically balloon deficits.(2)>>If the dollar ceases to be the world's reserve currency right after a debt ceiling debacle. If you started printing dollars like crazy, eventually people would lose faith in it as a currency and start using something else (maybe Euros?) to do business. Something like this is currently happening in Argentina, where local businesses are starting to send each other prices in US dollars rather than in Argentine pesos.It's worth mentioning that we are nowhere near the crisis point with the dollar, and there's actually a strong case to be made that we don't have enough debt.If the debt limit binds, and the Treasury were to make interest payments, then other outlays will have to be cut in an average month by about 20%. That would be necessary because over this period as a whole, the Congressional Budget Office expects close to 20 cents of every dollar of non-interest outlays to be financed by borrowing. In actual numbers: Last year the US paid $724,000,000,000 in interest on the debt. That's the same as the entire military budget and, worse news, interest rates have gone up a lot, like from nearly zero to around 4%. Four percent of the national debt is $1,300,000,000,000, or well over a trillion dollars.(3)>>Which is a nasty cycle, as the more expensive borrowing becomes, the more the government has to borrow to pay off its previous loans.  The federal government on Jan. 19 reached its approximately $31.4 trillion debt ceiling -- which legally caps how much the U.S. can borrow to pay for what tax and other revenue doesn't cover -- and the Treasury Department has since been using "extraordinary measures" along with its current cash flow to keep the government's obligations paid. The last time the U.S. government posted a budget surplus, Michael Jordan was still playing in the National Basketball Association. That was 2001, the first year of George W. Bush’s presidency. Since then, the federal government has been running ever larger deficits. And there is no fiscal relief in sight.But when it comes to fiscal arithmetic, U.S. taxpayers haven’t had to settle the bill. The U.S. Treasury has been able to borrow at especially low rates because it is the provider of the world’s safe assets—that is, the dollar is the world’s reserve currency. Investors around the globe use Treasuries as foreign-exchange reserves and as the collateral that ensures the smooth working of international financial markets. A default on U.S. debt could also shed 3 million jobs from the economy, drive up the cost of a 30-year mortgage by an average of $130,000 and shrink 401(k) savings for a typical worker near retirement by $20,000, according to a report from center-left think tank Third Way. Experts say a U.S. default could wreak havoc on global financial markets. The creditworthiness of U.S. treasury securities has long bolstered demand for U.S. dollars, contributing to their value and status as the world’s reserve currency(4)>>Obviously this doesn't tend to go down well (and is tricky if the debts are in other currency). So far in 2023, not a day has gone by on Capitol Hill without lawmakers jousting over the debt limit, as Democrats press for a quick, clean increase in treasury borrowing authority and Republicans insist on first nailing down significant reductions in future government spending.Democrats and other economists view the government’s borrowing costs as manageable relative to the size of the economy and maintain that making spending cuts is unnecessary. They largely support raising taxes as a way to reduce the deficit, an approach that most Republicans reject.A debt horror fairy tale: The debt cap is ~$97,000 for each man, woman & child in the USA and at a 3.4% 10 yr bond rate costs $3,300 just to tread water on interest. A family of 5 gathers at the dinner table & each of the kids say "No mommy, daddy I can't afford even $3,300 but can sell my bike". This leaves mommy & daddy facing paying $16,500\yr just to tread water (the family's $485k share of the debt is probably bigger than their mortgage) and the 4 gramps & grannies paying $13,200\yr from their social security & savings (until the deficiencies from the cat food diet claims them at which ...(5)>>US sovereign debt to the point where they drive their own return on investment below the inflation rate.It's quite a quandary the Fed is facing. To fight inflation, the Fed has to raise interest rates to slow the economy, but doing so also increases the cost of the revolving federal debt. The higher cost to service the huge revolving national debt in turn adds to the budget deficit, which then further adds pressure to raise the interest rate. It's becoming a self-feeding loop. Let's hope this self-feeding loop doesn't become a runaway, self-feeding loop. It's like watching something getting ever closer to a black hole. As that thing reaches the point of no return, it will fall into the black...

Saturday, February 11, 2023

Biden's STATE OF THE UNION 2023 !?


 I STILL DON'T KNOW WHAT HE'S ACCOMPLISHED ??
A YEAR LATER , IT's WORSE .



 (1 )>>WELL another STATE of THE UNION by another President of the United States . LOL 😂President Biden said  that he’d “work like the devil” NOW  Enter Joe Biden , between this one and the one last year , NOTHING HAS CHANGED . If not has gotten much worse than ever before .Biden did okay. Didn't really inspire. His poll numbers are still going to be in the gutter. Definitely crafted some political chokepoints for the GOP though. The Truth is Biden is failing the American people like Obama did . It's all smoke and mirrors , big promises , nothing gets done . (2)>>IT'S PRETTY MUCH ALL OF CONGRESS both Republicans and Democrats .... Seriously? Airlines are the worst they've been in my lifetime, he's also issued the least fines to said airlines in the same period. Rail unions were crushed on his watch. Again, what has he actually done that's positive in that position? I don't care about his credentials, I don't care how well he can be a media darling, what has he actually done? Because all I've heard about is him failing and having no interest in doing the job he was appointed to. He raised that some Republicans supporting cutting Medicare and Social Security, then when they boo'ed him and heckled him as a liar...he said "ok, so we agree then, no one is cutting Medicare and Social Security, yes?" and made them clap along.  (3)>>Inflation is something people feel, you know, in a different way than they do other economic indicators. The price of gas is reflected every time you get a tank of gas.  Current gas prices are not primarily due to US foreign policy in general.Biden’s reckless embrace of expensive, ineffective “green-energy” initiatives will hurt all Americans financially and could also damage the president politically. You can be mad about inflation + price instability, or (in an alternate universe) be mad about a US-wide recession, jobs shortage, and the utter collapse of small businesses, across the US. Fed policy that helped "cause" inflation (ie. cheap loans / interest rates) is also responsible for staving off much, if not all of that.Working class will get screwed regardless (see how price + COL increases incidentally happened immediately after real + de facto minimum wage increases – and are in general caused by a decades-long price correction, that happened all at once when covid hit), but things are in general not anywhere near as bad now as they could've been. Compared to all that, we're doing f---ing great, but Americans will always find something to complain about Controversial statement, but the only Americans that are actually getting shafted atm, by inflation + COL, are middle class jobs and/or work fields with fixed, non-inflation-pegged incomes that are getting screwed by their employer. And maybe retirees (who'll generally get shafted by economic policy, period – if you think the US has it bad see Russia / Eastern Europe, or for that matter China), and some small businesses / business owners that got completely f---ed by covid, in general Everything else is just incremental inflation, and all of this would've happened w/out covid anyways, just over a slightly longer time period And yes, we want inflationary Fed policy, b/c the alternative is much worse.I blame him, the worse it is in the corner, thanks to the sanctions to Russia that led to the invasion of Ukraine (Semiconductors Industry) and even more sanctions because of it, the USD is in trouble, Russia replaced it by the Chinese Yuan and now China and Russia are creating a new currency for trading minerals. Then how about if India and Arabia join to stripe out the dollar? That's what I say the worst is about to happen.



NOTES AND COMMENTS :

 (1 )>>WELL another STATE of THE UNION by another President of the United States.  I have had 30 years worth of State of the Unions , they sound to me like a bunch of gaslighting on the American people , more promises that never have any positive effect on the lives of Americans who pay taxes .President Biden’s State of the Union address was full of lies and mistruths. They betray the desperation of a president with 38 percent job approval on the economy, 16 percent of the population better off than before he took office, and most of his own party wanting a different White House nominee in 2024. Don’t expect the mainstream media “fact-checkers” to call Biden out on these lies. These are left-wing opinion journalists masquerading as independent truth arbiters to help advance the Democrats’ agenda. For example, the Democratic Party broadsheet known as the New York Times claimed, “Mr. Biden’s speech contained no outright falsehoods.” Though he reportedly spent weeks rehearsing, President Joe Biden made a number of clumsy, strange, or outright ridiculous claims during his State of the Union address Tuesday night.  Biden lies from time to time, he's an old school politician. (2)>>IT'S PRETTY MUCH ALL OF CONGRESS both Republicans and Democrats .... Seriously?  Republicans  and Democrats , both parties can't get anything done . Both sides fight over , never put anything that would help Americans . This is because the House—whether controlled by Democrats or Republicans—now acts as if it were a unicameral legislature in a parliamentary system, rather than acknowledging that it is only one of two legislative chambers in a presidential system. It routinely passes partisan legislation that cannot pass in the Senate, because it is too far out of the American ideological center. The result is a House of Representatives that now serves only to either block or—in the case of “must pass” legislation—rubber-stamp Senate bills on major issues. Members of the House have largely given up their power, and thus their constituents’ power, to create legislation that addresses our nation’s biggest problems.In this era of high inflation and political dysfunction, confidence in most of America’s largest institutions is at the lowest point ever, according to a recent Gallup survey. (3)>>Inflation is something people feel, you know, in a different way than they do other economic indicators. Biden has yet to admit the connection between spending and price inflation. In his speech, he again passed the buck, saying, “Inflation has been a global problem because the pandemic disrupted our supply chains and Putin’s unfair and brutal war in Ukraine disrupted energy supplies as well as food supplies, blocking all that grain in Ukraine.”And yet, voters connect those dots, and blame Biden’s blowout budgets for the decades-high hit to middle class real incomes. Consequently, the president dishonestly brags about bringing our deficits down even though the decline is from emergency levels to still elevated totals. We are nowhere near back to “normal.” In his speech, Biden promised his coming economic plan “is going to cut the deficit by another $2 trillion.” And yet, his address was peppered with expensive new promises.  But there are pressing economic issues, most notably the need to lift a statutory debt limit that, in the extreme, could cause the U.S. government to stop paying its bills.

Sunday, February 5, 2023

THE BIG BALLOON OF A STORY !

I'm just a little spy satellite, hovering over the honey tree. I'm just a little spy satellite, pay no attention to mee.  (1)>>Why would they send a balloon to spy on the US? It is unreliable, hard to position precisely, extremely easy to detect and in the end doesn't give you much better info than the advanced spy satellites are already providing. And if it is shot down/crashes, the enemy gets access to your spy gear. Satellites at least burn on reentry.So we are giving them exactly what they wanted then?Also, why would they think that a useless balloon would get a reaction?  (2)>>The Pentagon said that similar incidents happened in the past and there were zero news stories about them, since worrying about minor things like rogue balloons is really stupid. Why would they think that the reaction would be different this time? The BIG SPOOF of this balloon story comes at the heels of the  (3)>>American Military Industrial complex gearing up for war with China in 2025 A four-star Air Force general sent a memo on Friday to the officers he commands that predicts the U.S. will be at war with China in two years and tells them to get ready to prep by firing "a clip" at a target, and "aim for the head." In the memo sent Friday and obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, said, “I hope I am wrong. My gut tells me will fight in 2025.” Now its KINDA Coincidental that a so called Chinese Spy Balloon somehow slipped through  (4)>>NORAD National Air defense with out a hiss . This is pretty BIG just think if was a Missile of sorts ???? Everyone’s watching Europe. Don’t forget this is a big threat as well. Lots of people say WW3 won’t happen if a NATO/Russia conflict kicks off. If this kicks off at the same time… while Russia and China may not directly cooperate, I would consider multiple major wars around the globe to be a geographic world war. Thats how global wars start, it's just a series of countries initiating their gripes through conflicts. We could see the Ukraine war as the beginning, then suddenly China attacks Taiwan and the US get involved, maybe Israel surprise attacks Iran and middle east countries may get involved, kosovo-serbia maybe, maybe some African countries reignite old wounds etc.You can see within a few years we're basically in a defacto global conflict which will affect global trade.Once the wars move to a nuclear exchange, it's game over for large swathes of the planet. 😐None of the people that are the most outraged about this balloon have any clue about how how surveillance type information is gathered by any world nation.There are freely available, regularly updated satellite imagery literally eveywhere. The most visible of these being google earth/maps. But to be honest commercial satellite imagery can be bought from serveral sources and no one cares. And countries of all types have been doing this for decades in plain sight. This is yet another distraction of the easily led idiot masses while our own "elected" offcials plunder the giant treasure chest that is america and voting in even stronger, fascist level contols on what we the people can do about about stopping them.

NOTES AND COMMENTS : 

(1)>>Why would they send a balloon to spy on the US? . Just How a "Chinese balloon " evaded NORAD is baffling . This poses a question , how secure American air space really is ??It’s a flex and a very clear message to the world. China proves they aren’t scared or worried about what the US might do while the US government carefully tiptoes around to avoid any escalations.So, this giant balloon that can be seen by with the naked eye somehow just appeared over Montana? This thing had to have been on radar for days before that. If it had been deemedc a threat it could have easily been shot down over the pacific.(2)>>The Pentagon said that similar incidents happened in the past and there were zero news stories about them, since worrying about minor things like rogue balloons is really stupid. do people really believe it's a Chinese spy balloon? if it was a spy balloon, it wouldn't even be on the news because the US would have secretly shot it down before it even got to Montana let alone Alaska. The US response to it could be strictly grandstanding propaganda, or it could be a real response to data exfil. If they had something that could more accurately sense the weapons count of silos to see if they're real vs fake, etc.I'm just curious how aware they were of this anomaly until it entered US airspace. Like, was Canada aware of it? The balloon, which the American government said it has been tracking since at least Tuesday, was moving east over the middle of the continental U.S. Friday, the Pentagon said. Authorities would not divulge details about its route other than to say it was spotted over missile-silo fields in Montana.The Pentagon’s public assessment is that the balloon’s intelligence, surveillance and reconnaissance capabilities were of “limited” value, in terms of gathering data that China could not obtain through other means. However, it seems like part of its mission may have been to provoke the U.S. in retaliation for what China sees as irritating incursions into its periphery — in Japan, in Philippines and in the South China Sea. (3)>>American Military Industrial complex gearing up for war with China in 2025 . Peace is not on the MIND of the COMPLEX , but they are preparing us with the next wave of fear mongering . It’s gonna be hilarious when 2025 comes and goes and nothing happens.China hasn’t even begun practicing amphib ops at scale yet. They aren’t just gonna YOLO across the straight without having rehearsed this multiple times, which won’t happen quickly. Most likely timetable for a Taiwan invasion is late 20s/early 30s, with early 30s being the most likely. A conflict COULD happen earlier but that is extremely unlikely.Most of the mainstream Western articles I've read have been focused on the impending demographic collapse that South Korea and Japan are facing, and particularly how those governments are unwilling to solve the problem with more immigration or serious policies to make raising children more affordable. Given that the ROK has the lowest birth rate in the world, by some margin, this is an understandable focus.Vast majority of Western "experts" have literally nfc what they are talking about in regards to China. Hell I'm XiGang (for Bullet trains alone, catch the f up west), watch CCP conferences and even I struggle to tell you what China thinks. One of the main issues though is that very little Western pundits have any clue what Marxism or Marxist Leninism actually is, so don't understand the framework or world view the Chinese are politically working within. On top of that, you have literally thousands of years of Chinese Legalism/culture that Marxism is filtered through.In regards to Taiwan, it's a civilizational issue for China, Taiwan will be part of China again at some point, but that may be hundred+ years from now. China largely thinks in Civilizational time scales.(4)>>NORAD National Air defense with out a hiss . NORAD has been tracking the Chinese balloon at least since January 28th , it raises a lot of questions why WAS IT NOT SHOT DOWN BEFORE ? According to NORAD, the U.S. government has detected and is tracking a “high altitude surveillance balloon” that is over the continental U.S. According to a report by AP News, China has said the balloon is a “civilian airship used for meteorological research.” American defence officials recommended against taking “kinetic action” against the balloon, for fear the debris could threaten people or infrastructure on the ground. The official notes the balloon appears to be loitering over US airspace for longer than in previous incidents. The Pentagon reiterates it does not believe the balloon represents a significant intelligence threat.The object first flew over Alaska’s Aleutian Islands and Canada before appearing over Billings on Wednesday, officials said.Serious thought, I wonder if the US has flown high altitude spy planes, drones or balloons over parts of China - stuff we’d never know about - and if China is saying “See, if you can do it, so can we”, and if that’s playing into the reason why the US isn’t shooting it down (so China doesn’t shoot down whatever continues to be sent over it’s territory). Just a thought - it can be a whacky world.