We’ve added 60% to national debt since 2018. Germany – a country with major economic woes – added ‘just’ 32%.
Maybe it will never matter. Maybe MMT is real. Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.
I have no idea. Only time will tell. But it’s going to be fascinating to watch it play out.
FDIC Data Contradicts Fed Chair Powell: Shows Real Estate Problems Have Skyrocketed at Largest U.S. Banks, Not the Smaller Regionals
On Sunday, February 4, the CBS program 60 Minutes aired a taped interview with Federal Reserve Chairman Jerome Powell. The actual interview had occurred three days earlier and was conducted by 60 Minutes interviewer Scott Pelley. Two noteworthy things happened in connection with that interview: First, CBS did not indicate above the transcript of the interview that Powell’s comments had been materially shortened in the program that aired on TV; secondly, Powell calls the real estate problem at the largest banks “manageable” while shifting the more serious real estate loan problem to “smaller and regional banks.”
GET OUT OF CITIES!!!! Pittsburgh has literally made The Purge REAL LIFE?!?! From 3am-7am you are ALONE!! I can’t believe this is real!! pic.twitter.com/BTeNcxREXx
Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”
Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he’ll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he’d be within weeks of turning 86.
“Grizzly checks in with some very wise words after the most hateful State of the Union address ever. Please heed his warnings and subsequent advice!” (Also posted on Grizzly’s Corner)
State of the Union
Are we the target?
I would suggest that we all watch Tucker Carlson’s Commentary of that most hateful state of the union we will ever witness. I was reminded of the bloodlust of the Nazi followers, with glass-eyed trances, rabidly cheering for war in Ukraine. These people are desperately trying to stay in power. It’s personal to them now as many undoubtedly think they will be prosecuted by the next administration, should they lose. Sure, they want the graft to continue, the unbridled power, the favoritism. But now they have committed so many crimes that they are fearful for their future.
So they push for war. But along the way, the seek a group to blame. This is always the case in any failing and immoral dynasty. A scapegoat must be found.
This is the point of today’s discussion and what we can do.
WE ARE THE SCAPEGOATS.
This is not paranoia. Listen to all of Tucker’s commentary.
We white, Christian, self-reliant, constitutionally knowledgeable, defenders of liberty, once what all Americans were encouraged to be, whatever your race or religion, are now the enemy of the state. They cannot abide by us not bowing to their direction. They will not tolerate our quest for God given rights carefully enumerated in the US Constitution, the Bill of Rights, the Ten Commandments.
The IRS, DOJ, CIA, DHS, EPA, FDA and many more are all setting their sights of new regulations and focus, along with their newly acquired and barely functional Glocks on us.
Again. Not paranoia. Fact.
So what are we scapegoats to do?
It’s very tempting to give them a double-fisted, one finger salute but I’ll keep my actions and ideas positive.
We need a good retreat. It is incumbent on us to find a place in a freedom loving Constitutional abiding state. ID, WY, UT, probably MT, SD, TN will do., maybe TX, some of these meet most of the requirements but fail or are lacking in others. There’s good places in many states in the south and midwest to varying degrees. Preferably a state that recognizes gold and silver as legal tender and might even have its own depository. These are the best. Within these states, we need areas that are secluded but not so remote that it’s too burdensome in bad weather. We need a small city, less than 15,000 I believe within 30 miles but not much closer, and definitely no where near a city of 100,000. In this area, we need to have a few neighbors but not too many that are of the same mindset. This place needs a sustainable water source, a sustainable fuel source, a decent enough climate to grow food, large enough to support some livestock. Cattle, hogs, sheep, goats, even rabbits and fish will help.
It has to be defendable, preferably far out of site from passer-by’s. On this property you will need a sturdy structure or several with wood heat and cooking capabilities. Solar is good but I think it’s uncertain how the electronic circuitry will withstand an EMP. But definitely useful if smaller units are hardened. We need cast iron cookware, tools, some building materials and fasteners, lighting capability, good sturdy clothes and boots, some heavy equipment and a good supply of fuel is a good thing for the beginning of these possible calamities, draft animal power and some horse drawn equipment even better. Food preservation skills and necessary supplies. Salt, jars, canners, pressure cookers, grinders, smokehouse, etc.
Defensive measures are a must, anything and everything to give us as much advanced warning as possible. Sandbags, sheets of 1/2” AR 500 steel, native material for cover – anything to help as much as possible.
Etc etc etc – we’ve talked about most of this already. I thought it worth discussing again, given the tone of that state of the union. They have made themselves very clear for several administrations. They are destroying the banking system and USD to make us cry uncle and beg for a CBDC. They are destroying our food supply and production to cripple our will. They are draining our oil reserves and banning our own oil production so we are dependent on their power – or lack thereof to weaken our resolve. We see the effects of their geo-engineering on so many facets of life. We see they have promoted fear with a manmade disease and forced a killing and maiming shot on the world, the effects of which are still forthcoming. We see what they are doing to our Constitution in the article last week. They want us all to be wards of the state, constantly surveilled, incessantly harassed. Some will quit. The burden is tough. Hungry kids will bring poorly prepared but good men to their knees.
So – sorry for this long talk. I apologize for the redundancy. If you aren’t in the position to secure a place like we’ve discussed, then meet up with people that are. But do not go there empty minded and empty handed with no skills and nothing to add. Strong, good minded, mentally and physically tough with at least enough food and supplies to take care of those in your family are an absolute minimum. In addition to that, medical skills, comms skills, carpentry, welding, are a strong plus to be accepted. Military training in the right minded person is a huge plus and benefit.
Basically we need to be practical people that know how to do practical things, with good attitudes and resilient natures. No snowflakes need apply – that is key. That’s what we should work on. Or – at the very least, be happy to haul water, chop wood (not feet), clean livestock pens, and other chores like that, that will need attended to.
Please don’t take this lightly. These people are evil. They hate America. They hate self-reliant Americans. They are in a corner and dealing desperate – so they are dangerous.
It’s our duty to make sure that we win and they lose, so this great republic can carry on as designed. Pray that God stays with us and gives us the strength and wisdom to persevere in what I believe might look a lot like the 24th chapter of the Gospel of Matthew.
“This is the second time I know of that president Biden has spoken of “roofs” …publicly. All I can say is, very strange to see cars incinerated on one half and the other untouched? What kind of world are we living in?”
🚨🇺🇸 Holy Crap – Joe Biden said the quiet part out loud again!
“The more things change, the more they stay the same. The sins of the GFC have never been fixed!”
“Sixteen days after the big bank cartel had posted its September 12, 2023 letter attacking the newly proposed increase in capital rules, the Federal Reserve issued a suspiciously timed announcement of how banks could game the newly-proposed capital rules, with the Fed’s blessing, through the use of a specific style of capital relief trade. The Fed wrote as follows:
“In some synthetic securitizations, a Board-regulated institution transfers the risk of a reference portfolio of on-balance sheet exposures to a special purpose vehicle using a guarantee or credit derivative. The special purpose vehicle issues credit-linked notes to investors, and the Board-regulated institution takes the cash proceeds of the notes as collateral supporting the special purpose vehicle’s performance on the guarantee or credit derivative.
“Under the Board’s capital rule, a Board-regulated institution can recognize the credit risk mitigation of the collateral on the reference portfolio under the rules for synthetic securitizations provided that the requirements in section 41 or 141, as applicable (12 CFR 217.41, .141), are met and that the transactions satisfy the definition of ‘synthetic securitization’ (12 CFR 217.2, ‘synthetic securitization’).”
All you need to know about the above two paragraphs is that the words “synthetic” and “special purpose vehicle” and “credit derivatives” played a central role in crashing Wall Street and the U.S. economy in 2008. The Federal Reserve has apparently learned nothing from the worst financial crash since the Great Depression.”
“Our pal pastor Stanley sends us an article re the Egyptian pound collapsing. Collapsed currencies will be commonplace and whether it be gold, silver or even a cup of coffee, the price goes to the moon when the currency approaches zero …”
Silver Spikes 62% – Overnight – in Egypt on Devaluation…Illuminates the Need for Precious Metals
Egypt has promised a move to a more flexible exchange rate system in the past, only to resume holding the currency at a fixed rate, while much of the economy depended on a black market rate that fell as low as 70 pounds.
Central bank governor Hassan Abdalla described the black market trading as a “disease” that reflected a lack of trust in the financial system.
“Thankfully, I can stand here today and say we have enough to fulfil our obligations and more,” he told reporters at a rare press conference late on Wednesday. (REUTERS 3/7/24)
$175.3 trillion is nearly as much as our federal government has spent on everything since the Constitution was written in 1787, even adjusted for inflation.
BillHolter.com 