For over a year, we have been dutifully tracking several key datasets within the auto sector to find the critical inflection point in this perhaps most leading of economic indicators which will presage not only a crushing auto loan crisis, but also signal the arrival of a full-blown recession, one which even the NBER won't be able to ignore, as the US consumers are once again tapped out. A month ago we said that in our view "that moment has now arrived"; the latest data from Fitch confirms as much.
But first, for those readers who are unfamiliar with the space, we urge you to read some of our recent articles on the topic of car prices - which alongside housing, has been the biggest driver of inflation in the past 18 months - and more specifically how these are funded by the US middle class, i.e., car loans, and last but not least, the interest rate paid for said loans. Here are a few places to start:
There is a virus going around and it’s a bad one. It’s killing people indiscriminately and will kill many more. We must fight it with everything we’ve got. Closing businesses, closing schools, canceling all public events, staying home…whatever it takes, for as long as it takes. It’s a scientific problem with a scientific solution. We can do this!
There was another story simmering under the first one.
It went like this:
There is a virus going around. It’s nasty and unpredictable, but not a show stopper. We need to take action, but nothing so drastic as shutting down society or hiding out for years on end. Also: the virus is not going away. Let’s do our very best to protect those at higher risk. Sound good?
[Editor: this is an excerpt from Blindsight Is 2020, by Gabrielle Bauer, now available from Brownstone.]
The first story traveled far and wide in a very short time. People blasted it on the nightly news and shouted it to each other on Twitter. They pronounced it the right story, the righteous story, the true story. The second story traveled mainly underground. Those who aired it in public were told to shut up and follow the science. If they brought up the harms of closing down society, they were reminded that the soldiers in the World War 1 trenches had it much worse. If they objected to placing a disproportionate burden on children and youth, they were accused of not caring about old people. If they breathed a word about civil liberties, they were told that freedumbs had no place in a pandemic.
The first story was a war story: an invisible enemy had invaded our land and we had to pour all our resources into defeating it. Everything else—social life, economic life, spiritual life, happiness, human rights, all that jazz—could come later. The second story was an ecological story: a virus had entered and recalibrated our ecosystem. It looked like we couldn’t make it go away, so we had to find a way to live with it while preserving the social fabric.
The two stories continued to unfold in tandem, the gulf between them widening with each passing month. Beneath all the arguments about the science lay a fundamental difference in worldview, a divergent vision of the type of world needed to steer humanity through a pandemic: A world of alarm or equanimity? A world with more central authority or more personal choice? A world that keeps fighting to the bitter end or flexes with a force of nature?
This book is about the people who told the second story, the people driven to explore the question: Might there be a less drastic and destructive way to deal with all this?
The Biden crime family made millions in Ukraine performing nefarious and criminal activities including espionage.
TGP reported on Thursday that the Bidens were using classified information to the benefit of the Hunter Biden family business.
Miranda Devine provided one email that appeared to include classified material from the US government.
TGP determined that this information from the 22-point email came from the US State Department and it was classified. This email included this classified information and Hunter had no security clearance or reason to have this information.
This was not the first time Hunter Biden had access to classified information.
Iranian authorities said three small quadcopter drones targeted a munitions factory in Isfahan and that its air defenses shot down one drone. The other two exploded above the building, causing minor damage but no casualties.
The Journal report cited unnamed US officials and people familiar with the operation, who said the attack came as the US and Israel “look for new ways to contain Tehran’s nuclear and military ambitions.”
The report said the attack took place next to a facility owned by the Iran Space Research Center, which has been sanctioned by the US for allegedly being involved in Iran’s ballistic missile program. Iran has yet to attribute blame for the incident, but Israel has a history of launching similar covert attacks using small quadcopter drones inside the Islamic Republic.
German Foreign Minister Annalena Baerbock bluntly stated in fresh remarks that Western allies are fighting a war against Russia. The remarks came during a debate at the Parliamentary Assembly of the Council of Europe (PACE) on Tuesday amid discussions over sending Leopard 2 tanks to Ukraine.
While Baerbock’s words were largely ignored in mainstream media, a number of pundits on social media noted with alarm that the German foreign minister just essentially declared war on Russia.
Utah Gov. Spencer Cox has signed a law banning puberty blockers, hormones, and surgical sex change procedures for minors.
The Transgender Medical Treatment and Procedures bill, SB 16, will prohibit those under 18 from obtaining procedures “for the purpose of effectuating a sex change.”
“Legislation that impacts our most vulnerable youth requires careful consideration and deliberation,” Gov. Cox said in a statement.
“While not a perfect bill, we are grateful for Sen. Kennedy’s more nuanced and thoughtful approach to this terribly divisive issue.
“More and more experts, states and countries around the world are pausing these permanent and life-altering treatments for new patients until more and better research can help determine the long-term consequences.”
Project Veritas released a new video yesterday where one of their undercover reporters recorded a conversation with Jordon Trishton Walker, an alleged “Pfizer Director of Research and Development, Strategic Operations – mRNA Scientific Planner.”
Everyone in the Alternative Media who has covered this, at least the articles I have seen, have concentrated on Walker’s statements regarding how Pfizer is experimenting with the idea of “Directed Evolution,” which Project Veritas and others claim is the same thing as “gain of function.”
I almost was not even going to cover this video, because for one thing, I do not approve of Project Veritas’s use of lies and deception to trap someone. Walker clearly asks the “reporter” to promise him not to tell anyone this, and you can clearly see in the video that the interviewer gives him a fist bump in an affirmative reply.
Secondly, as hard as this interviewer tried to get Walker to admit that Pfizer was already working on a method to make variants of the COVID virus more virulent, Walker repeatedly stated that this was just an idea that had been discussed, and that they had no idea whether or not it would work.
Perhaps that is why Project Veritas felt the need to bring in one of the new Superstar Pro-Vaccine doctors to give his opinion about how bad this was.
In the end, I did decide to give this interview some exposure on our network, not because of the claims that Pfizer could develop a lab version of a new deadly COVID virus variant, but because Walker admitted that Pfizer controls the U.S. Government health agencies that approve their drugs, and that this is “bad” for the American public, but good for business for the pharmaceutical companies.
We all already knew this was true, of course, but to get someone within Pfizer to admit this was true, is really quite damaging, and could potentially be used in a court of law if one could find an honest judge somewhere that would have the courage to rule against the criminal activities of Pfizer.
Here is a clip of the video with the main interview, minus the talking head pro-vaccine doctor’s comments.
US hegemonic, imperial policy against Nicaragua was clearly established in 1853-54. US pro-slavery President Franklin Pierce sent US Marines to Greytown (San Juan del Norte) to destroy the small city on the Atlantic coast of less than 100 houses because its population refused to cooperate with US robber baron companies constructing rail and transit lines crossing from east to west in Nicaragua utilizing the Rio San Juan Corridor. Greytown was totally destroyed.
Thus, was established the character of US American foreign policy in Central America, including Nicaragua, to the present – contempt for local autonomy, and wanton destruction and murder when locals dare resist.
There have been 49 Nicaragua presidential administrations from 1854 to 1979, when the Sandinista revolution triumphantly marched into Managua ousting the US’s long time favorite dictator Somoza. All but one administration, (Zelaya,1893-1909) had acted as agents of the United States commercial and financial interests. And due to Zelaya’s progressive interest in expanding the well-being of all Nicaraguans, he was forcibly removed by the USA in 1909.
After the revolutionary Sandinistas were voted out of power in a 1990 election conducted under threat of continued US war if the US-selected candidate lost, all the revolutionary gains of 1979-1990 were reversed by three US-approved Nicaragua administrations, 1990-2006.
Hi, I’m Dan Ellsberg. One of the foundation stones of our government here in the United States, for democracy and a republic, is our First Amendment to the Constitution, which forbids any law by Congress or the states abridging freedom of speech or of the press, along with freedom of religion or of assembly, that precluded the passage of a British type Official Secrets Act, which most countries have.
Almost no other country has a law singling out the press as protected by our freedom, by the First Amendment and the British type Official Secrets Act, which criminalizes any or all disclosure of information protected by the government executive branch. Even disclosure to the public or to the press or to Congress or Parliament is criminalized and subject to prison.
We’ve never had such an act because of our First Amendment. In fact, one was almost inadvertently passed by Congress in the year 2000, but it was vetoed by President Clinton as a clear cut violation of the First Amendment.
And he cited in his opinion accompanying that, some of the opinions in the Pentagon Papers case of half a century ago that had resulted from my disclosure of information that I had authorized possession of, as a contractor to the government at that time : 7000 pages of top secret documents about the history of U.S. decision making in Vietnam, which disclosed repeated sequence, by four different presidents, of lies and in effect, violations of the Constitution, treaties and in particular misleading Congress as to the costs for war. I was facing 115 years in prison, but not for Official Secrets Act, which we don’t have.
Sen. Ted Cruz sounded off on an email Hunter Biden sent to a Burisma colleague, alleging the correspondence indicates he had access to classified material as new information is revealed regarding the magnitude of Biden's latest scandal.
Cruz joined "Sunday Morning Futures" to discuss why the email was "unusual" and how it infers that he had "direct access" to the information that could be tied to Biden's alleged mishandling of thousands of records.
"Hunter Biden didn't write that," Cruz told Maria Bartiromo. "Hunter Biden is not an expert on Ukraine. He's not an expert on Eastern Europe. He's not an expert on Russia, but that email did help get him on the board of Burisma. It did help get him paid $83,000 a month because it showed a level of expertise not coming from him, but he was getting it from somewhere. That's clearly from some sort of briefing. We don't know whether it was a classified briefing or not, but that is the sort of analysis that is often within a classified briefing."
You could see this coming from 4,500 miles away—the distance from the Morning Joe set in the US to Auschwitz, in Poland.
For two days now, Morning Joe has been exploiting Joe Scarborough's trip to Auschwitz for International Holocaust Remembrance Day for craven political purposes: tying Donald Trump to the horrors of the Holocaust.
We predicted this in yesterday's item on Scarborough's trip. And the mudslinging was made concrete on today's show.
Russia today warned it is on the 'verge of a direct collision with the US and NATO' and it is 'very possible' there will be no nuclear arms control treaty with America after 2026 due to Washington's efforts to inflict 'strategic defeat' on Moscow in Ukraine.
Israeli occupation soldiers on Saturday opened fire in the direction of Palestinian journalists while covering an event in the town of Beita, near Nablus, the official news agency WAFA reported.
Palestinian journalist Wahaj Bani Moufleh told WAFA that he and his colleague, Mohammad Sumrin, were preparing a report on the Israeli army’s closure of the Beita entrance with cement boulders. Israeli soldiers shot live gunfire in their direction despite the fact that they were wearing vests clearly indicating that they were press.
Newly minted Republican senator JD Vance came right out of the gate on Ukraine aid last week, making not a strong case for more, but for oversight on the billions already allocated to Kyiv last year.
He and three dozen other Republican senators and members of the House of Representatives sent a letter to Shalanda Young, the director of the Office of Management and Budget, urging a full accounting of the level and scope of the security assistance sent to the war ravaged country to date.
“Taken together, the four Ukraine supplemental spending bills passed since the escalation of the Ukraine/Russia conflict in February of 2022 amount to arguably the fourth-largest discretionary appropriations bill,” the letter reads, calling on the OMB to release a “crosscutting report on U.S. government-wide expenditures for Ukraine and ‘countries impacted by the situation in Ukraine’ since February 24, 2022.”
More than 24 people have been killed and about 150 others wounded in an explosion targeting police at a mosque in the northwestern Pakistani city of Peshawar, according to officials.
Muhammed Asim, Lady Reading Hospital spokesperson in Peshawar, told Al Jazeera at least 32 people were killed on Monday and more than 70 injured people were brought in for treatment. A Peshawar police official told Al Jazeera about 150 people were injured in total.
Tens of thousands of Israelis protested once again on Saturday against the Benjamin Netanyahu-led government's plan to weaken the judicial system.
Protests took place in several cities across the country, including Tel Aviv, Jerusalem and Haifa, as well as in New York
Two demonstrations in Tel Aviv began at 19:oo (17:00 GMT), with one beginning on Kaplan Street and the other at Habima Square. Streets in and around the city were blocked off to traffic from the afternoon.
In Jerusalem, protests started in front of the president's residence beginning at 19:30.
Turkey warned its citizens on Saturday against "possible Islamophobic, xenophobic and racist attacks" in the United States and Europe after its Western allies cautioned their citizens in Turkey about possible terror attacks.
In two separate travel advisories, the Turkish foreign ministry recommended its citizens in the United States and European countries "act calmly in the face of possible xenophobic and racist harassment and attacks" and to "stay away from areas where demonstrations may intensify."
Recent increases in "anti-Islam and racist acts" reflect the dangerous dimensions of religious intolerance and hatred in Europe, the ministry said.
Several embassies in Ankara including those of the United States, Germany, France and Italy on Friday released security alerts for their citizens in Turkey that flagged "possible retaliatory attacks by terrorists against places of worship."
This followed recent Koran-burning incidents in Europe. Sweden's foreign ministry also advised its citizens in Turkey on Saturday to avoid crowds and demonstrations.
Soldiers trying to leave the Army currently have their lives on hold due to a systems outage blocking their discharge paperwork, the service confirmed to Army Times Wednesday.
The outage, which is preventing the Army from issuing DD-214 discharge forms or processing retirement requests for approximately 4,000 troops, is due to “data processing issues,” according to the spokesperson for the service’s personnel directorate, Lt. Col. Joseph Payton.
The service interruption is affecting the Transition Processing System, Payton said, which produces the discharge forms and separation orders required for troops to access post-service benefits like Veterans Affairs disability pay, retirement pensions, the G.I. Bill and more.
“We anticipate (the Transition Processing System) to be fully functional within a week,” the spokesperson added. “Once it’s up and running, we will prioritize processing [discharge forms] for our transitioning Soldiers who have been impacted.”
A 5-year-old girl was sexually assaulted in the girls’ bathroom at a Georgia school by a boy who was given permission by the liberal school to use whichever bathroom he felt like because he “identifies as gender-fluid,” according to reports.
The incident has sparked an investigation by the U.S. Department of Education’s Office for Civil Rights (OCR) into the Decatur, Georgia school’s transgender bathroom policy.
According to a legal complaint by Roger G. Brooks of the Alliance Defending Freedom (ADF) and Vernadette R. Broyles of Georgia Adoption & Family Law Practice, the boy reportedly assaulted the girl as she was leaving a bathroom stall at Oakhurst Elementary School.
“As [the victim] was emerging from a stall, the Assailant pushed her against a wall, pushed his hand between her legs, and repeatedly felt and poked at her genitals … while she struggled and called out for him to stop,” reads the legal complaint, dated May 22, 2018. “No one came to help.”
The boy had permission to enter the girls’ bathroom under a policy that “required” schools to “admit boys who identify as female into girls’ restrooms, locker rooms, and shower areas on school premises,” according to the legal complaint.
Prior to the 2016-2017 school year, boys were not permitted to enter restrooms for girls. However, in a July 26, 2016 email, the Superintendent of the City Schools of Decatur, David Dude, told school staff members that students should be permitted to use the restrooms that matched their gender identities.
Hundreds of thousands of children in the United States go missing every year, with many of them falling into the hands of predators who traffic the children through pedophilia networks where the children suffer unimaginable horrors.
Children, young girls—some as young as 9 years old—are being bought and sold for sex in America. The average age for a young woman being sold for sex is now 13 years old.
A retired U.S. Air Force Major, defense contractor, engineer, and data analyst has just released a survey of embalmers from across the U.S., which indicates that seven in 10 are now seeing thick, fibrous white blood clots in the bodies of those consigned to their care.
While the documentary “Died Suddenly,” released in November, shone a spotlight on this phenomenon and caused much controversy for being overly conspiratorial, until now, no statistics have been available. Evidence has been largely anecdotal, beginning with Richard Hirschman, an Alabama-based embalmer and licensed funeral director who went on the public record, giving an interview to RAIR Foundation USA last September, to note the change in condition of the bodies he was receiving.
Now, Maj. Tom Haviland, Retd. has conducted a nationwide survey to gauge further how prevalent these fibrous white clots appear to be. In a seven-question survey sent out to over 800 funeral home directors and embalmers, as well as the heads of the state funeral director associations in the 30 most populated states in the country, he received 128 replies.
Until it decided to confront Moscow with an existential military threat in Ukraine, Washington confined the use of American military power to conflicts that Americans could afford to lose, wars with weak opponents in the developing world from Saigon to Baghdad that did not present an existential threat to U.S. forces or American territory. This time—a proxy war with Russia—is different.
Contrary to early Beltway hopes and expectations, Russia neither collapsed internally nor capitulated to the collective West’s demands for regime change in Moscow. Washington underestimated Russia’s societal cohesion, its latent military potential, and its relative immunity to Western economic sanctions.
As a result, Washington’s proxy war against Russia is failing. U.S. Defense Secretary Lloyd Austin was unusually candid about the situation in Ukraine when he told the allies in Germany at Ramstein Air Base on January 20, “We have a window of opportunity here, between now and the spring,” admitting, “That’s not a long time.”
Alexei Arestovich, President Zelensky’s recently fired advisor and unofficial “Spinmeister,” was more direct. He expressed his own doubts that Ukraine can win its war with Russia and he now questions whether Ukraine will even survive the war. Ukrainian losses—at least 150,000 dead including 35,000 missing in action and presumed dead—have fatally weakened Ukrainian forces resulting in a fragile Ukrainian defensive posture that will likely shatter under the crushing weight of attacking Russian forces in the next few weeks.
A French court has ordered a small town to remove a statue of the Virgin Mary, saying the religious display violates the separation of church and state. However, residents believe this is just another attack by left-wing activists to attack France’s heritage and traditions.
The statue is located at a crossroads in La Flotte, a municipality of 2,800 inhabitants on the popular holiday island Ile-de-Re, off France’s Atlantic coast.
A local family erected the statue after World War II in gratitude for a father and son having returned from the conflict alive.
Its initial home was a private garden, but the family later donated it to the town, which set it up at the crossroads in 1983.
In 2020, it was damaged by a passing car, and the local authorities decided to restore the statue and put it back in the same place, but this time on an elevated platform.
Former President Donald Trump visited two early-voting states New Hampshire and South Carolina on Jan. 28, hitting the campaign trail for the first time since announcing his 2024 bid for the White House in November last year.
“The 2024 election is our one shot to save our country, and we need a leader who is ready to do that on day one,” Trump said in a speech in Columbia, South Carolina.
“We need a fighter who can stand up to the left, who can stand up to the swamp, stand up to the media, stand up to the deep state.”
“Am I allowed to say stand up to the RINOs?” Trump continued, referring to an acronym for “Republican in Name Only.”
“To stand up to the globalists and China, and stand up for America. And that’s what we do, we stand up for America,” Trump added.
“You need a president who can take on the whole system and a president that can win.”