Category Archives: Political and Economic News

Covid-19 bailout is officially the biggest bailout in history, reaching the point of bailouts for everyone

Article from December 14, 2009, Eerily Accurate

According to ZeroHedge, “While nobody knows when the US economy will fully recover from the coronacrisis pandemic, what the economy will look like, or where the S&P will be one year from now, we do know how much money the current bailout has cost. And, at over $10 trillion to date – and counting – the Covid-19 bailout is now officially the biggest bailout in history. We reached the point of bailouts for everyone.

Deutsche Bank’s Jim Reid has put together the following chart graphing the history of global moral hazard all large bailouts/interventions, covering both government and central bank moves, seen each year since 1970 in US inflation adjusted terms.”

Read More →

Huge Companies Outmuscle Mom-and-Pops in Flawed Paycheck Protection Program as Government Interventionism Fails Once Again

$243 million of funds in the Paycheck Protection Program have been sent to large, publicly traded companies

U.S. Senate on Tuesday passed a $484 billion coronavirus bill for small businesses, hospitals and coronavirus testing

Bailouts, stimulus packages, shutdowns, lockdowns etc., are doomed to failure as government interventionism worsens the situation.

It would require hundreds of thousands of pages to cover the subject thoroughly, and that might not do it justice, so we will discuss a recent event.

According to Money and Markets, “As part of the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act, the government set aside $349 billion (which is now all gone) to distribute to small businesses of less than 500 employees. The intention was to help tiny mom-and-pop establishments keep employees on payroll and avoid layoffs.

Lobbying … Read More →

Bonner: COVID-19 Shows Us Capitalism Is Broken 

Crony Capitalism Runs Amok 

Is It Possible to Restore Real Capitalism? 

Bill Bonner, founder of Agora Financial states, “Capitalism built the U.S. People worked hard. Took risks. Made money. Lost money. Investors… managers… day laborers… all got richer, together. And now that the wealthy have their piles, they count on their friends, the feds, to protect them.

The middle classes, for their part, are happy with that, too… as long as the checks keep coming.

They don’t know it — and probably never will — but in the new crony economy, the rich can still make profits… but now the middle classes will take the losses!”

Have we witnessed the death of real capitalism?

The Fed accelerated the destruction of real capitalism during the 2008 – 2009 economic crisis. Instead of allowing bad investments to evaporate, it propped up … Read More →

Under Fascism, Big Brother Will Be Watching You

Dr. Anthony Fauci: Americans could eventually carry certificates of immunity to coronavirus

Dr. Anthony Fauci, on Friday, said, “it’s possible that Americans could eventually carry around certificates of immunity to the coronavirus once proper testing is widespread enough.” Fascism here it comes.

Question: Is it possible that the establishment might inject you with vaccines containing Nano-Chips allowing the Elite to control your money and life? It’s up to each individual to determine if that’s a conspiracy theory or fact.

You might as well forget the idea that Republicans will protect your rights. Sen. Bill Cassidy, Louisiana Republican, has pitched the idea of an immunity registry to document people no longer believed to be at risk of infection. Democrats and Republicans expand their power as one big party…Demopublicans. George Carlin stated, “It’s a Big Club, and You Ain’t in … Read More →

Basic Universal Income Portends the Permanent Death of Capitalism

Reps. Tim Ryan (D-OH) and Ro Khanna (D-CA) introduces a bill that would provide Americans with $2,000 per month during the coronavirus pandemic.

Here’s a good question. If we continue to experience an economic shutdown, how can the government justify giving every citizen a basic universal income? After all, wealth consists of goods and services, not currency.

Answer: We will come wards of the state. If there are no free enterprise jobs, most people will be rendered helpless, unable to take care of their basic needs.

Legal Beagle supplies us with a definition of an Adult Ward of the State.

“Not all adults have the ability to care for themselves. Whether from disability, disease or age, some adults are unable to make their own decisions without help. They can become adult wards of the state when this … Read More →

Censorship Threatens to Destroy Individual Rights

Deep State Shuts Down Respected London Real Over David Icke Interview

Political Correctness Destroys Personal Liberty and Freedom

30 years ago, they laughed at David Icke; now people listen to him. He’s gone from a Conspiracy Theory Nut to a popular authority on the activities of the Elite. So far, Elite members haven’t de-platformed him because they believe most people will think he’s deranged. However, when Brian Rose interviewed him on London Real, the podcast became one of the most popular shows of all-time. Suddenly, the Deep State decided it was time to get rid of the respected London Real. Why would it suddenly resort to censorship?

*The video THIS IS WHY THEY BANNED US explains what happened. You will notice that Brian Rose is respectable and credible.

Here’s the answer. A respected platform gave David Icke credibility…and that is … Read More →

Is Gold the Answer to Our Economic Woes?

The Fed has effectively nationalized the U.S. debt markets.

We dedicate this post to the precious metal gold. (Note: Nothing in the article should be taken as investment advice.) However, before we move on, we must cover some vital information that will help you understand what’s happening with the “new” Federal Reserve monetary policy. We will also cover the CARES act.

According to Graham Summers, “Last Thursday, the Fed announced a $2.3 trillion (with a “T”) monetary program. Note: The article also covers the “Meat Plant Shutdown.”

In its simplest rendering, the Fed announced it would expand its current quantitative easing (QE) programs for municipal bonds, asset–backed securities, and investment-grade corporate debt. The Fed also announced it would begin buying junk bonds — for the first time in history.

Thus, the Fed is now intervening directly in:

Federal Reserve Achieving Its Real Objective

JPMorgan temporarily halts small business loans outside federal scheme

Tight credit meant to destroy small businesses.

It’s becoming more obvious every day that the Federal Reserve has taken over the US economy. In fact, Central Bankers plan on controlling the worldwide economic scene. Note: We have some new statistics we will reveal tomorrow.

According to the Financial Times, “JPMorgan Chase has temporarily stopped accepting applications for small business loans outside the government’s Paycheck Protection Program.

If small businesses have borrowing needs beyond the PPP’s limits, or if they want to borrow for purposes beyond wage bills, they would need to seek other facilities.”

JPMorgan Chase is the Fed’s most important bank and will lead the way for other banks to resort to the same measures. Interesting enough, the man JP Morgan was instrumental in the creation of the Federal Reserve … Read More →

The Economic Apocalypse Moves Too Close For Comfort

Small business suffers untold losses.

Unemployment soars to the stratosphere with no relief in sight.

Fox News Sunday. Tom Inglesby, director of the Johns Hopkins Center for Health Security, stated, “I think it’ll be too soon to open the country on May 1, although he said there may be parts of the U.S. that are “ready for some limited reopenings at that point.” Doesn’t he realize a continued shutdown will cause an economic apocalypse that will kill far more people than Covid-19 ever will?

Note: It’s rumored that the Elite controls John Hopkins Center for Health Security. Of course, that’s all it could be, just a rumor.

How do you destroy a great and mighty nation? By the destruction of its backbone, small business. Tragically, the free enterprise system lies on its deathbed in a deep coma. We … Read More →