"The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists." -- Ernest Hemingway

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Paradevices

 

By: orraz
Tags: CURRENT EVENTS
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By: orraz
Tags: CURRENT EVENTS
Posted on:

Another Biden program bites the dust, this time his big push to encourage everyone to buy an electric vehicle (EV). Meanwhile, Biden keeps going on vacation (as if he REALLY cares about middle America). Cars and light trucks are seeing declining YoY sales in January (-0.7%) as M2 Money growth remains negative.

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For $40 million — a rounding error for one of the wealthiest men in history — George Soros helped remake the nation’s legal system.

Supporting prosecutors who vowed not to prosecute, Soros and related entities pushed district attorneys who aimed to reshape law and order into anarchy and disorder.

It worked. At his peak influence, 75 Soros-backed prosecutors held office. As a result, one in five Americans, and half of those living in the nation’s most populous cities, were living in an area run by a Soros DA, or one who shared his ideology.

The damage they have done has been immeasurable. Shoplifting and drug use was decriminalized, repeat offenders were set free with no bail, and murders, robbery and rape increased in Baltimore, Chicago, San Francisco, New York and more.

But the worm has started to turn. Through a combination of corruption and voter backlash, a significant number of these district attorneys have been ousted.

Tags: CURRENT EVENTS, POLITICS/ ELECTIONS/ CORRUPTION
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In a financial landscape raising red flags, a staggering $929 billion of the $4.7 trillion commercial mortgages, held by lenders and investors, are looming over 2024. The Mortgage Bankers Association's data signals a potential storm, reflecting the urgency of massive repayments.
 

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The Pentagon said on Saturday that a high altitude balloon being monitored by the military as it floats across the United States is a hobby balloon and not another Chinese spy balloon. 

The Department of Defense told CBS News that a balloon flying across the Western United States at altitudes of between 43,000 to 45,000 feet was just a “hobbyist” balloon. Previously the Department said that the balloon was not believed to be a threat but that it would continue tracking the craft after the balloon’s presence was reported on Friday. 

North American Aerospace Command (NORAD) fighter jets flew out to the craft and found it “not maneuverable,” saying that it was not a “threat to national security.” The balloon was reportedly made of Mylar and is carrying a small box. 

Webmaster addition: Sounds like a weather balloon!

Tags: CURRENT EVENTS
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