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"Governments that see their people as wealth will take care of those people. Governments that see the people as a source of wealth couldn't care less." -- Michael Rivero
During the recent “Twitter Files” House hearings, Democratic Congresswoman Debbie Wasserman-Schultz used her six minutes not to explore the matter at hand, but rather to accuse journalist Matt Taibbi of hypocrisy, behaving unethically, and doing it all for personal enrichment. That’s right, Debbie Wasserman-Schultz, who had to resign in disgrace in 2016 from her position as head of the DNC after rigging the primary for Hillary Clinton, is accusing others of lacking ethics.
An Israeli medical delegation recently traveled to Germany to train staff at a major Berlin hospital on how to continue working in times of war, especially during missile attacks.
The training has been requested by the German government amid growing fears that the war in Ukraine will spill over into other parts of Europe. Berlin turned for help to Israel’s leading Sheba Medical Center.
The author of the popular horror book series “Goosebumps” has recently admitted to being ignorant about some versions of his books being edited by the publisher.
American novelist R.L. Stine is the creator of the Goosebumps series of books, which is considered the second-highest selling in the world, trailing only Harry Potter. Goosebumps is estimated to have sold over 300 million copies worldwide. During a 2018 ebook re-release, publisher Scholastic edited the books to align with progressive ideologies that reflect a leftist version of social justice, diversity, and gender equality. There were rumors that Stine made the edits, but the author has refuted it.
“The stories aren’t true. I’ve never changed a word in Goosebumps. Any changes were never shown to me,” Stine said in a March 7 tweet. He was replying to another Twitter user’s post, which said, “The fact he supports censorship and the alteration of works of art is quite disturbing. How shameful.”
Rogers Roots, an attorney representing Dominic Pezzola, a Jan. 6, 2021, Capitol breach defendant, alleged on Sunday that the FBI had committed crimes by altering evidence and requested that the court appoint a special master to review the evidence.
Roots’s move came days after the testimony of FBI Special Agent Nicole Miller, who was involved in the agency’s investigations of the Jan. 6 defendants. When cross-examining Miller, Nick Smith, an attorney representing Proud Boys member Ethan Nordean (listed as co-defendant on Pezzola’s case), revealed classified FBI emails that were hidden in a tab in an Excel spreadsheet, which included a directive to Miller to “destroy” 338 pieces of evidence and “edit out” an FBI agent from an informant report.
“Destroying evidence is a federal crime. It actually falls under a federal crime under more than one statute. The same goes with altering documents, altering records, that is a federal crime,” the John Pierce Law attorney told The Epoch Times in an interview on Sunday.
In a filing on Sunday, Roots requested that Timothy J. Kelly, a Trump appointee presiding over the case, either dismiss the case in its entirety or appoint a special master to independently review the FBI messages that were revealed in court.
There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went into insolvency on March 10th. The impetus for the collapse of the bank is tied to a $2 billion liquidity loss on bond sales which caused the institution’s stock value to plummet over 60%, triggering a bank run by customers fearful of losing some or most of their deposits.
There are many fine articles out there covering the details of the SVB situation, but what I want to talk about more is the root of it all. The bank’s shortfalls are not really the cause of the crisis, they are a symptom of a wider liquidity drought that I predicted here at Alt-Market months ago, including the timing of the event.
First, though, let’s discuss the core issue, which is fiscal tightening and the Federal Reserve. In my article ‘The Fed’s Catch-22 Taper Is A Weapon, Not A Policy Error’, published in December of 2021, I noted that the Fed was on a clear path towards tightening into economic weakness, very similar to what they did in the early 1980s during the stagflation era and also somewhat similar to what they did at the onset of the Great Depression. Former Fed Chairman Ben Bernanke even openly admitted that the Fed caused the depression to spiral out of control due to their tightening policies.
In that same article I discussed the “yield curve” being a red flag for an incoming crisis:
“…The central bank is the largest investor in US bonds. If the Fed raises interest rates into weakness and tapers asset purchases, then we may see a repeat of 2018 when the yield curve started to flatten. This means that short term treasury bonds will end up with the same yield as long term bonds and investment in long term bonds will fall.”
The Welsh government says that statues of “old white men” such as Admiral Nelson should be removed or even destroyed because they may be “offensive” to Britain’s increasingly multicultural population, with de facto shrines to diversity set to replace them.
The guidance, which is set to be finalized by the end of the month, argues that the memorials fuel the “perception that the achievements that society considers noteworthy are those of powerful, older, able-bodied white men.”
The government asserts that such statues “can be offensive to people today who see them in a different light,” including as “aggressors who conquered peoples to expand the British Empire.”
Any statue of any historical individual that far-left activists have accused of being embroiled in slavery or colonialism is now at risk of being toppled, including General Arthur Wellesley and admiral Horatio Nelson, who are both celebrated by most for their victories against Napoleon.
Legions of European companies are succumbing to the final straw of Europe’s largely self-inflicted energy crisis.
Bankruptcy proceedings in the Canary Islands, Spain’s heavily tourism-dependent island chain, soared a whopping 276% year over year in 2022, according to the latest data published by the General Council of the Judiciary (CGPJ) in its report, “The Effects of the Economic Crisis on Judicial Bodies.” The archipelago also saw the highest rate of dismissal claims in Spain, with around 400 of every 100,000 inhabitants losing their jobs.
But this trend is not unique to the Canary Islands, nor indeed Spain. It is happening across large swathes of Europe’s economies, as legions of businesses succumb to the final straw of Europe’s largely self-inflicted energy crisis.
In the EU as a whole the number of bankruptcy declarations initiated by businesses increased substantially (26.8%) quarter-on-quarter in the fourth quarter of 2022, reaching the highest levels on record since Eurostat began collecting EU-wide bankruptcy data in 2015. The number of bankruptcy declarations increased during all four quarters of 2022. As the Eurostat graph below shows, at the current rate of business destruction it won’t be long before businesses are closing at a faster rate than they are opening.
Democratic representatives are scrambling in the wake of the potentially contagious Silicon Valley Bank implosion, looking for a way to divert attention away from them should the crisis expand.
One avenue for scapegoating the event that has been suggested among Dems and the media is to blame a 2018 law that eased Dodd-Frank capital requirements for midsize and small banks. Republicans led the effort to pass the law, which President Donald Trump signed, but 33 House Democrats and 17 Senate Democrats also voted for it.
No mention, of course, of the cancerous exposure SVB had to numerous woke investments through venture capital, including money losing ESG related projects, climate change-based companies and World Economic Forum stakeholder capitalism projects.
The Dems have found their narrative, which is an old narrative: “The conservatives did it.”
Joe Biden’s political utility and near senility serve as exemptions for his often sexist, racist, and creepy riffs...
Another couple of weeks, another bout of madness from Joe Biden and his team.
Of recent Biden delusions, consider:
Biden went off in one of his impromptu Corn Pop, or “beat-up-Trump-behind-the-bleachers” fables. These often slurred and nearly unintelligible tales characteristically virtue signal Biden’s own victimhood and “courage.”
They are interspersed with his bizarre propensity for eerie female contact. So we see or hear of his long record of blowing into the ears and hair, or squeezing the necks of young girls. He hugs, for far too long, mature women. He can call out among a crowd an anonymous attractive teen stranger. Or, recently he relates an incoherent but quasi-sexual vignette.
So Joe recalled his patient days in his usual off-topic “no lie/not kidding/no joke” manner (i.e., tip offs that he’s lying). He told us that a noble nurse once would “come in and do things that I don’t think you learn in medical school—in nursing school.” The president got a nervous laugh from the apparent quasi-pornographic reference (but then again Joe is excused because he is a “feminist”), before he detailed her technique:
She’d whisper in my ear. I didn’t—couldn’t understand her, but she’d whisper, and she’d lean down. She’d actually breathe on me to make sure that I was—there was a connection, a human connection.
The Fed/TSY/FDIC stepped in and saved the world again last night... but nobody told regional banks, whose shares are down dramatically today...
Admittedly off the lows of the day, but all with multiple trading halts today. FRC, WAL, and MYFW are the highest default risk banks in the Russell 3000 Banks Subsector, according to Bloomberg...
President Trump gave a speech from Iowa tonight on Education but he addressed other topics as well.
Earlier today the President arrived and visited a local restaurant and then went to the arena where he spoke and where people lined up for hours to see him on this cold Iowa day.
President Trump promised to totally obliterate the DEEP STATE. These crooks in the DOJ will be gone when Trump is elected. He’s the only guy currently even talking about this very important issue.
The banking system appears to be melting down in the United States as Inter-Bank Liquidity has fallen to almost zero.
The chart below shows it:
What this means is that banks are NOT lending to each other; not even for overnight, or over a weekend!
When Bankers stop lending to EACH OTHER, there are gigantic trust issues. The Banking system seems to be coming apart in real time, today.
The members of the heretical German Synodal Way have voted overwhelmingly in favor of a document replete with gender ideology that seeks to allow changing one’s listed sex on a baptismal certificate and paves the way for “transgender” priests.
The text entitled “Dealing with gender diversity” was approved by more than 95% of all votes on March 11 during the fifth Synodal Assembly in Frankfurt am Main. Of the 58 German bishops, only seven voted against the text, while 13 abstained. As journalist Martin Bürger noted in a CNA Deutsch article, if the bishops who abstained had voted “no” instead, the document’s approval could have been blocked due to the required two-thirds majority for bishops.
READ: No room for ‘inclusion’: Homosexuality and transgenderism are sins against nature itself
The document stated that for intersex and “transsexual” Catholics, “it is made possible to omit the gender entry in the baptismal register or, as now provided for in German law, to enter ‘diverse,’” and that “[i]f the desire to change the gender entry arises at a later date, this is granted in an uncomplicated manner.”
A Sunday bank failure is an extremely rare occurrence.
Signature Bank failed on Sunday, marking only the sixth time a Federal Deposit Insurance Corp. (FDIC) bank failed on a Sunday, according to Bankrate’s analysis of FDIC data. It was also the first Sunday bank failure since 1991.
Chinese President Xi Jinping on Monday pledged to build his military “into a great wall of steel” as rivalry with the U.S. heats up amid fears of a new cold war.
The remark came Monday in Xi’s first speech since being sworn in for an unprecedented third term in office during the annual Chinese Communist Party meeting, the Washington Post reported.
Xi said he would “build the military into a great wall of steel that effectively safeguards national sovereignty, security and our development interests,” and added that “safety is the foundation of development, and stability is the prerequisite for prosperity.”
He said that the “Chinese nation’s great revival is on an irreversible path.”
President Joe Biden’s benefactors have lost the world, whether Russia wins or loses in Ukraine. This was a poignant message delivered by Fox News’s Tucker Carlson the other day. Forcing the Russians to act, and pushing them into unbreakable alliances with China, India, and Iran, Biden and Co. have almost overnight turned the United States into one great big meaningless banana republic.
I know, these are strong words, a dramatic revelation. But I and Tucker Carlson are not the only people on Earth who recognize what’s happening. The New Yorker just featured a piece entitled. “Russia and China Unveil a Pact Against America and the West.” February 7th, Moscow and Beijing declare their opposition to the further enlargement of NATO and the formation of other regional security alliances.
It’s America’s worst nightmare. Biden’s blundering, blustery policy toward Putin and Russia is a disaster for the dinosaurs clinging to their Cold War ideologies, and for the average US citizen who will end up devastated when our country has nowhere left to grow or go. Carlson quotes former President Donald Trump saying that “We will never be Russia’s close ally, but if Russia and China ally, we America will be in deep trouble.” And, so we are. The Fox commentator went on to point out that preventing such an alliance against the west, was former President Richard Nixon’s reason for going to China in 1972.
Thousands of Dutch farmers protested on Saturday against the government’s policies to reduce nitrogen emissions, warning they will put farms out of business and affect food production.
Hundreds of tractors from across the Netherlands could be seen driving to the event in The Hague ahead of regional elections this week, and more than 10,000 farmers were in attendance, according to the Reuters news agency.
Protesters accused the Dutch government of forcing farmers off of privately owned land in order to appease Brussels, and carried banners reading “No farmers, no food” and “There is no nitrogen ‘problem.'”