50 year mortgages.

  

"...lifetime of usury..." ✅  

Longshoremen Strike!

CNN (Updated 12:59 AM EDT, Tue October 1, 2024): Port workers strike starts across the East and Gulf Coasts.

Nearly 50,000 members of the International Longshoremen’s Association (ILA) are on strike Tuesday against the nation’s East and Gulf Coast ports, choking off the flow of many of the nation’s imports and exports in what could become America’s most disruptive work stoppage in decades.

The strike, which was confirmed by the Port Authority of New York and New Jersey as well as the Port of Virginia, began at midnight.
[.]
The strike will stop the flow of a wide variety of goods over the docks of almost all cargo ports from Maine to Texas. This includes everything from bananas to European beer, wine and liquor, along with furniture, clothing, household goods and European autos, as well as parts needed to keep US factories operating and American workers in those plants on the job. It could also stop US exports now flowing through those ports, hurting sales for American companies. 

Biden could stop this, but he his handlers don't want to. 

Washington Examiner: Biden won’t invoke Taft-Hartley to stop port strike that could cost $5 billion a day.

On Sunday, Biden said he would not get involved.

“It’s collective bargaining,” he said. “I don’t believe in Taft-Hartley.”

Oh, we have to suffer and endure more economic hardship because Biden doesn't believe in Taft-Hartley.

U.S. Chamber of Commerce: US Chamber of Commerce calls on Biden to Invoke Taft-Hartley.

PacWest Shares Plunge 60%, More Banks Drawn Into Quagmire.

MSN: PacWest Shares Plunge 60%, More Banks Drawn Into Quagmire.

PacWest shares plunged by 60 percent in after-hours trading Wednesday, raising concerns that the Los Angeles-headquartered bank might be the latest victim of the turmoil sweeping through the banking sector ever since the collapse of Silicon Valley Bank (SVB) in March.
[.]
Growing anxiety over the fate of PacWest and other smaller banks in the future would likely increase pressure on the Fed, which in the aftermath of the SVB's collapse was widely expected to pause its interest rate hikes.

Another smaller bank, Western Alliance, saw its shares drop by as much as 38 percent in after-hours trading on Wednesday.

But despite predictions and expectations, the Fed has so far persisted in its strategy.

^ The Fed's Strategy ^

Maybe...if we all started wearing masks again the bank failures will stop.

More bank failures on the way?

Hit The Kobeissi Letter at Twitter for ongoing updates. The outlook...let's just say it's not optimistic.

Conservative Playbook: Are PacWest and Western Alliance the Next 2 Dominoes to Fall?

Things weren’t supposed to move this quickly.  Just hours after First Republic was dissected, two more major banks are in very serious trouble.

Are the dominoes going to start to fall more quickly than we were anticipating?  After his bank gobbled up First Republic, Jamie Dimon told the world that “this part of the crisis is over”, and many in the corporate media believed him.
[.]
Both institutions are now highly vulnerable, and as Dick Bove has aptly noted, those that have made massive amounts of money from recent bank failures are searching for their next victim[.]
[.]
Of course PacWest and Western Alliance are not the only potential targets.

Fed Chair Jerome Powell punked by Russian Prank Callers.

🤣

NY Mag: Jerome Powell Got Punked by Russian Prank Callers.

...it’s a little jarring to see that on Thursday, the gray-haired Powell was made the butt of a joke by two Russian pranksters crudely posing as Ukrainian president Volodymyr Zelenskyy. This happened back in January, but Powell apparently thought this call was a private one with the world leader and talked candidly about how a recession was just as likely as it was not, and it is now making the rounds on Russian media and Twitter.

BBC: Federal Reserve chair Jerome Powell pranked by Russians.

Comedians Vladimir Krasnov and Alexei Stolyarov - known as Vovan and Lexus - claimed credit for the stunt.
[.]
In one of the clips shared on Russian television, Mr Powell praised Russia's central bank chief Elvira Nabiullina for managing the Russian economy amid Western sanctions, according to the BBC Monitoring service.

Other video now circulating on the internet shows Mr Powell describing a sharp slowdown in growth in the US, following the bank's efforts to rein in price rises.

"We would tell you that a recession is almost as likely as very slow growth," he said of expectations for 2023. "I think that is partly because of us having raised rates quite a bit but this is what it takes to get inflation down."
[.]
"Embarrassing moment for the Fed," chimed in Jesse Cohen, global markets analyst at Investing.com.

"Embarrassing moment for the Fed." Ya think?

Powell needs to go. Didn't care for his policies during Trump's term, he shouldn't have been appointed, still don't care for his policies.

This wasn't a perfect phone call. Resign.

Biden says, no recession this year or next year.

Annnnnnnnnnnnnnnnnnd.........mark! Timing starts to see how long Biden's words age very, very badly.

Breitbart: Biden: U.S. Will Not Have a Recession This Year or Next Year. 

President Joe Biden said Wednesday on “PBS NewsHour” that the United States would not have an economic recession this year or next year.
[.]
[JUDY] WOODRUFF: So when people at the Gallup Poll saying most Americans think next year the economy is going to be bad, do you think there’s going to be a recession?

BIDEN: No.

WOODRUFF: This year?

BIDEN: No. Or next year. From the moment I got elected, how many of the experts are saying within the next six months is going to be recession?

Well, we sure hope not, Cap'n Diaper. We already had 2Q's of negative growth last year:

PBS, July 29, 2022: U.S. just had 2nd quarter of negative growth.

al-Reuters, July 28, 2022: US Q2 GDP shows 2nd quarter of negative growth.

I don't think anyone can argue that Leni Riefenstahl's PBS and al-Reuters are two Right-Leaning publications. Both, and other news outlets, reported we had 2Q of negative growth last year. 

Two consecutive Q's of negative growth have been the past definition of recession. Until last year, when other reasons were added to what defines a recession, meaning we were in a recession even though we weren't. "...Reasons..."

We're likely going to have a recession this year and next year. Because last year...no one could have predicted it. They didn't see it coming.

4,155 pages and $1.7 TRILLION Dollars!

FOX Business News: Five eye-popping spending items in the $1.7 trillion omnibus bill.

Federal lawmakers made public a massive $1.7 trillion omnibus spending bill on Tuesday morning.

The release of the bill, which spans 4,155 pages, comes after negotiations between Senate Republicans and House and Senate Democrats.
[.]
Some lawmakers voiced complaints about the turnaround time to read the bill that contains $858 billion in defense spending and $772.5 billion in non-defense discretionary spending. Republican North Carolina Rep. Dan Bishop pointed to certain provisions of the bill in a lengthy Twitter thread in the afternoon, calling them "egregious."

The bill contains $858 billion in defense spending and $772.5 billion in non-defense discretionary spending.
[.]
One earmark included in the spending bill asks for $3.6 million for a project called "Michelle Obama Trail – PATH Trail Project" in Georgia. *

No, Big Mike's Trail isn't one of the "eye-popping" spending items. Big Mike has something else that is eye-popping.

When did Libs begin worshiping at the Altar of The MIC?

This omnibus bill isn't funny. DC is spending money that doesn't exist.

Read Rep. Dan Bishop's Twitter Thread on this bill HERE.

[The bill] "allocates $410 million towards border security for Jordan, Lebanon, Egypt, Tunisia, and Oman."

Oh, nice that our tax dollars will help border security in Jordan, Lebanon, Egypt, Tunisia, and Oman. What - are there a lot of illegals from Mexico, Latin America, Argentina and Haiti trying to cross into those countries?

This bill is supported by RINO Mitch McWorthless, who referred to the bill's $45 billion in military and economic aid for Ukraine, as [a], "'Number One Priority’ for Republicans amid Inflation, Border Crisis."

LINK

But damn you if you accrue over $600 in your Venmo, PayPal or Cash App and fail to report it. The IRS will subject you to a fiscal colonoscopy.

* The Michelle Obama Trail is noted in Rep. Bishop's Twitter Thread. (not the FOX Business link.) Scroll down about 10 Tweet's, you can't miss it, it's in BIG LETTERS.  

I know what I copy and paste and I know it was included in the FOX story. They must have updated it and removed Obama's Trail sentence. Then, it was re-Archived. That's strange. I know what I copy/paste!

The world you once knew is OVER: 12 must-see predictions (and solutions) for 2023.

Citizens New: The world you once knew is OVER: 12 must-see predictions (and solutions) for 2023.

1) Vax deaths accelerate as immune system destruction continues

2) Exploding infertility and stillbirths

3) Deindustrialization of Europe

4) Crop failures / worsening food scarcity

5) Inflation and bailouts / zombie stimulus

6) Banking restrictions on withdrawals of cash

This is already taking place in Nigeria, where bank customers are limited to withdrawals of just $45 a day of their own money. As more governments and central banks push hard into digital currencies, watch for them to make dealing with cash and banks more and more painful, if not at some point impossible. We anticipate bank freezes, bail-ins and insolvency failures beginning in 2023 and continuing for years to come.

7) Digital money rolling out

8) A new pandemic, worse than covid

9) Worldwide CLIMATE lockdowns and engineered fuel scarcity

10) Populist revolts against corrupt governments and rigged elections

11) Huge pushback against censorship by tech platforms

12) Explosion in home gardening and off grid food production, local food barter

Story Archived

I dunno. Maybe, maybe not. Why I'm skeptical about "predictions"? Because I'm not yet driving one of these, which was predicted decades ago: 

I didn't get $8,000. Did you get $8,000?

Breitbart: Biden tells Americans be grateful for $8,000.

What ya wanna hit is Twitter thread.

Buzz Patterson@BuzzPatterson
·1h

I’m complaining and I never received a check for $8000. Another speech gaffe or is our government incompetent? (Don’t at [sic] (likely meant 'ask') me, I know the answer). ⁦@JoeBiden

Biden: Americans Complaining of Inflation Forgot We Sent Them $8,000


Pittsburgh Sports/Stargate@Pittsburgh7676
·
1h
I didn't get a check for $8,000

LINK

Twitter torches Biden for claiming it 'doesn't sound like' there's a recession: 'Out of touch.'

FOX News (MSN Archived): Twitter torches Biden for claiming it 'doesn't sound like' there's a recession: 'Out of touch.'

Conservative Twitter users berated President Biden after he insisted that it doesn’t "sound like" the U.S. had entered a recession in a speech from the White House on Thursday afternoon.
[.]
[Biden] concluded with his dig: "That doesn’t sound like a recession to me." He walked off without acknowledging the press as they clamored for him to answer questions.

In the past, Biden has claimed he didn’t think the U.S. would be entering a recession in the near future, and his administration, including White House press secretary Karine Jean-Pierre and economic advisor Brian Deese, is now denying that the U.S. is in a recession, despite the numbers saying otherwise.

Conservatives on Twitter derided Biden for the outright denial.

"It’s reassuring to be lied to in such a calm and grandfatherly way," remarked conservative author David Marcus.

The Heritage Foundation Twitter account even had to comment, writing, "Out. Of. Touch."

Donald Trump Jr. slammed Biden, his party and the mainstream media in one fell swoop, tweeting, "What a disgrace… not just Joe, not just the democrats who are happy to see the US economy get battered to further their insane agenda, but also the MSM for their refusal to asks even the basic questions about this unmitigated disaster."

"YOU walk away without taking questions," tweeted The Spectator contributing editor Stephen Miller, mocking how Biden’s handlers give him directions on note cards.

Dems propose raising taxes and spending a day before the country is officially in a recession. Manchin on board.

Twitchy: Dems propose raising taxes and spending a day before the country is officially in a recession.

The GDP numbers are due Thursday, and they’re going to show the U.S. economy contracting over two consecutive quarters … in other words, a recession. Don’t worry, though: Sens. Chuck Schumer and Joe Manchin have reached a deal on something called … get this … the Inflation Reduction Act of 2022.

    We must be honest about the economic reality America now faces. That's why I'm proud to support the Inflation Reduction Act of 2022, which will address record inflation by paying down our national debt, and by lowering energy & healthcare costs. MORE: https://t.co/oPZF1gilEh

    — Senator Joe Manchin (@Sen_JoeManchin) July 27, 2022

    Lol imagine calling for new taxes the day before we find out we're officially in a recession.

    Insane. https://t.co/FFvvY7jKBQ

    — Matt Whitlock (@mattdizwhitlock) July 27, 2022

    Amazing that Dems are proposing raising taxes and spending (what else?) a couple of days before we're likely to hear that we're in a recession. https://t.co/V0ccNFgbuz

    — David Harsanyi (@davidharsanyi) July 27, 2022

    These are all long-time Dem agenda items that have absolutely nothing to do with inflation. And throwing another $369B into the economy will not only undercut reliable energy production it's basically asking for more trouble.

    — David Harsanyi (@davidharsanyi) July 27, 2022

    Only Democrats would, as inflation hits 40-year-highs, propose a massive tax increase on businesses (that will proceed to raise their prices) so they can fund $800 billion of new spending on green energy grift and call it the "Inflation Reduction Act."

    — Greg Price (@greg_price11) July 27, 2022

    This will drive USA towards being Venezuela or Sri Lanka by the end of Bidens term….

    — BarbReilly (@BarbReilly7) July 27, 2022

Yep, in typical, unexpected treasonous Democrat Manchin bowed to his Master, Senate Majority Leader Chuck Schebrew.

Anyone expecting a different outcome was either not paying attention or blinded by their unrepentant adoration of...ugh...The Amish.