JD Heyes – American Conservative Movement

Great Recession 2.0? Americans Pull Hundreds of Billions out of Banks at Fastest Pace in Four Decades

JD Heyes — Sun, 18 Jun 2023 02:08:01 +0000

Americans are pulling hundreds of billions of dollars out of banks at the fastest pace in nearly 39 years as many economic experts are beginning to predict a repeat of the 2008 “Great Recession.”

According to an analysis of the most recent data from the Federal Deposit Insurance Corporation (FDIC), “depositors took a total of $472 billion out of their accounts in the first quarter of this year – shattering a 39 year record,” the Daily Hodl reported.

“The quarterly decline is the largest reduction reported in the QBP since data collection began in 1984. This was the fourth consecutive quarter that the industry reported lower levels of total deposits,” the FDIC report said.

According to the FDIC, the “primary driver” behind the withdrawal of deposits was the movement of uninsured deposits as individuals sought to safeguard funds exceeding the FDIC-insured limit of $250,000. Interestingly, during the same period, the amount of insured deposits held by banks actually saw an increase, as people opted to diversify their risk, the outlet reported, adding:

The mass exodus follows the failures of Signature Bank, Silicon Valley Bank and First Republic, which were triggered in large part by the Federal Reserve’s aggressive interest rate hikes.

As depositors leave the banking system, money market funds have witnessed massive weekly cash inflows. As the first quarter came to a close, assets held by money market mutual funds surged to $5.6 trillion according to Crane data, representing a record high.

During the Great Recession of 2008-09, Americans lost homes and trillions in market value and savings. It was a severe economic downturn that started with the bursting of the US housing bubble and quickly spread to other countries.

The financial crisis was caused by a severe contraction of liquidity in global financial markets that left banks in trouble, leading to an interbank credit freeze. This impaired the ability of any bank to extend credit to businesses and consumers, forcing businesses to reduce their expenses and investments, leading to widespread job losses. As millions of people lost their homes, jobs, and savings, the poverty rate in the United States increased, and much wealth was lost.

The crisis developed gradually, with home prices starting to fall in 2006 and subprime lenders filing for bankruptcy in 2007. By August 2007, it became clear that the financial system was in trouble, as the interbank market froze and banks like Bear Stearns and Merrill Lynch faced major losses. The crisis ultimately led to the collapse of Lehman Brothers in September 2008 and the Great Recession.

The Great Recession was deep and protracted enough to become known as “the Great Recession” and was followed by what was, by some measures, the slowest economic recovery in U.S. history. The recession lasted from December 2007 to June 2009, and the economy did not return to pre-recession levels until late 2011.

When the bubble burst, the banks were left with trillions of dollars of worthless investments in subprime mortgages. Many banks, including Lehman Brothers, had been highly leveraged, meaning they had borrowed heavily to invest in these mortgages, and when the value of the mortgages plummeted, the banks were unable to meet their obligations.

The crisis had far-reaching effects on the global economy. In addition to widespread job losses and increased poverty rates, many countries experienced declines in their gross domestic product (GDP), and the eurozone debt crisis emerged as a result of the recession. The recession also had political consequences, with many people blaming policymakers for not preventing the crisis or responding adequately to it.

The crisis also led to a reevaluation of financial regulations and the role of banks in the economy. Many policymakers and experts believed that the crisis was caused by a lack of oversight and regulation of the financial sector, and reforms were implemented to prevent a similar crisis from happening again.

But, as we’ve seen recently, banks are beginning to fail again anyway despite a raft of new regulations passed in the wake of the 2008 crisis, and home values are reportedly overvalued — again.

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Woke Disney Hasn’t Learned Anything From Costly Boycotts of Target and Bud Light, Moves Ahead With “Pride” Gear Offerings

JD Heyes — Wed, 14 Jun 2023 08:58:53 +0000

The Walt Disney Company is no longer run by executives who seek to promote and protect the traditional American values of two-parent families, sexual mores and presenting appropriate materials for children, who make up the a large percentage of their target audience.

Nowadays, Disney is run by woke America-hating leftists who promote aberrant behaviors and lifestyles practiced by a small minority of people but whom the company’s execs are using to help destroy our country as founded.

“As part of its ‘pride’ collection, Disney is selling LGBT-themed onesies for infants 0 to 3 months old. They feature Mickey Mouse with the word ‘love’ written in rainbow colors above him,” The Western Journal reported.

Disney is pushing LGBTQ+ clothes and toys for babies at their parks pic.twitter.com/QNUABtlAeB

— End Wokeness (@EndWokeness) June 2, 2023

Disney execs arrogantly have dismissed any concerns about profit-stealing boycotts like those launched against retailer Target and beer brand Bud Light after their woke marketing fiascos.

The Journal’s report added:

In addition, Disney is offering LGBT-themed Star Wars T-shirts for children and plush toys of Mickey Mouse holding a rainbow flag. The message is clear: Just like Target, Disney wants to indoctrinate your children in far-left ideology. To anyone who has been following Disney the past few years, this should hardly come as a surprise, as the company never seems to miss an opportunity to promote the LGBT agenda.

Last year, per Disney Connect, a statement says that Disney Pride Collection will include rainbow backpacks, cups, shirts and merchandise from several brands, like Star Wars and Marvel attire in Pride colors. Disney even has gay pet attire.

“The Disney Pride Collection was created by LGBTQIA+ employees and allies at The Walt Disney Company and is a reflection of their incredible contributions and place at the heart of the company. We stand in solidarity with our LGBTQIA+ community everywhere,” the statement says.

“The Walt Disney Company will be donating all of our profits from the Disney Pride Collection sales now through June 30, 2022 to organizations that support LGBTQIA+ youth and families. This includes sales of Pixar, Marvel and Star Wars Pride Collection merchandise,” it continues.

The Daily Wire added:

In the same announcement, Disney promised to donate all of its domestic profits from the pride collection to organizations that support LGBTQ causes until the end of June, also known as “Pride Month.”

Groups designated to benefit from Disney’s sales include the Gay Lesbian and Straight Education Network, which says it “exists to create safe and affirming schools and learning environments for all K-12 students,” and The Trevor Project, a suicide prevention resource for LGBTQ young people.

While Disney’s pride collection clothing, for both kids and adults, comes in preparation for Pride Month, the move also comes as the company has been targeted by Florida GOP Gov. Ron DeSantis and other Republicans. The company opposed the state’s Parental Rights in Education bill, legislation prohibiting discussions on sexual orientation and gender identity in classrooms with young children.

The groups that Disney began donating to include the Ali Forney Center, whose description reads: “The Ali Forney Center (AFC) is the largest organization working to care for Lesbian, Gay, Bisexual, Transgender and Questioning youths who have been rejected by their families and thrown out into the streets because of their identity. AFC provides housing, mental healthcare and a host of other supports to help LGBTQ youth heal from the trauma of family rejection and the harms of street homelessness.”

Several LGBTQ centers will also be funded, including those of Los Angeles, San Francisco, as well as Australian and European gays.

“At The Walt Disney Company, we have the opportunity and the responsibility to create authentic, unforgettable stories, experiences and products that capture the imagination of generations of people around the world. We are committed to doing that in a way that counts everybody in,” the site says.

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AI Takeover Is INEVITABLE: Experts Warn Artificial Intelligence Will Become Powerful Enough to Control Human Minds, Behaviors

JD Heyes — Fri, 09 Jun 2023 14:10:36 +0000

Artificial intelligence (AI) is a rapidly evolving field of computer science that seeks to create intelligent machines that can perform tasks that traditionally require human intelligence, such as understanding natural language, recognizing visual patterns, and learning from experience.

AI has the potential to revolutionize many aspects of our lives, from healthcare and transportation to education and entertainment. But, experts are warning, it also has the potential to destroy human existence or become so powerful it controls human behaviors.

The history of AI can be traced back to the 1950s, when scientists and researchers first began exploring the possibility of creating machines that could think and learn like humans. The field of AI experienced several boom and bust cycles over the years as researchers encountered both technical and funding challenges.

However, the recent advancements in computing power, data storage, and machine learning algorithms have led to a renewed interest in AI, and especially its dangers.

“Given enough time, artificial intelligence would completely dominate our society. AI technology has been growing at an exponential rate, and it can already perform thousands of tasks better than humans can. Eventually, there would be very few jobs that AI could not do more efficiently than we can,” Michael Snyder wrote in his blog, End of the American Dream.

“Just look at all the things that ChatGPT can do right now. There is no way that we can compete with that. As AI technology continues to become even more sophisticated, millions upon millions of jobs will be lost, and that will create a giant underclass of people that are simply not needed by society,” he added.

AI is being used in a wide range of applications, from virtual assistants like Siri and Alexa to self-driving cars and drones. AI is also playing an increasingly important role in healthcare, where it is being used to analyze medical images, diagnose diseases, and develop new treatments.

In finance, AI is being used to detect fraud, predict market trends, and manage investments. And in education, AI is being used to provide personalized learning experiences and improve student outcomes.

Snyder said: “We are being told that AI could result in the rise of ‘new religions,’ and many in the transhumanist community are looking forward to ‘enhancing’ themselves by actually merging with artificial intelligence.”

He added:

Would you like to learn a new language in just seconds? Would you like to have the ability to process information thousands of times faster than you currently do? Would you like to be a “super-intelligent” being that has “godlike powers” compared to everyone around you?

Transhumanists believe that people will literally have the ability to become “superheroes” as we merge with computers, technology, and artificial intelligence. And it is happening a lot faster than a lot of people ever thought.

One of the most dangerous aspects of AI research is machine learning, which involves teaching machines to learn from data and improve their performance over time. This is done by feeding large amounts of data into machine learning algorithms, which then analyze the data and identify patterns and relationships.

Machine learning algorithms can be used for a wide range of tasks, from image and speech recognition to natural language processing and predictive analytics. And it can also be used to hijack human functions.

“Some industry insiders are warning that it is extremely dangerous to be playing around with such technologies,” Snyder warned in his blog. “For example, the founder of DeepAI is claiming that our future will be dominated by ‘digital brains’ that are superior to human brains, and he is warning that this ‘should terrify you.’”

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Actual Invasion of U.S. Underway: Hundreds of Thousands of Military-Aged Males Pouring Into Country With Help From the Biden Regime

JD Heyes — Thu, 08 Jun 2023 01:41:09 +0000

The situation along the U.S.-Mexico border is not just about a ‘rise in illegal immigration,’ it is actually an orchestrated invasion of our country paid for by American tax dollars and facilitated by the treasonous Biden regime.

In a recent social media post, independent journalist Michael Yon, who has been documenting the situation for months while on the ground in Central and South America, posted a video of busses streaming out of a jungle assembly area under escort by police and military, en route to the United States.

“NOW — buses filled with unvetted Aliens just departing jungle. Driving through a network largely funded by US taxpayers to invade United States. Most are military aged males,” he posted on Twitter June 3.

“The men in these buses may be anywhere in America within 10-15 days. This is an invasion force facilitated by US military, Department of State, Homeland Security, CIA, and more. The routes in green — I just drew with my finger. Those are the routes the aliens just took from Colombia to get to the circle in Panama where I just made the video,” he added.

“Aliens continue on Highway 1 to Costa Rica and soon to your neighborhood. Interesting as I close this at 1916hrs Panama time, just heard 8 gunshots maybe not far away. I do not hear gunshots here as often as LA or San Diego,” he noted.

NOW — buses filled with unvetted Aliens just departing jungle. Driving through a network largely funded by US taxpayers to invade United States. Most are military aged males. The men in these buses may be anywhere in America within 10-15 days. This is an invasion force… pic.twitter.com/PKEuxTROEN

— Michael Yon: Callsign BIG HONEY 6 (@Michael_Yon) June 4, 2023

Illegal immigration has been a contentious issue in the United States for many years, and it has become even more so during the current administration of President Biden. Since taking office in January 2021, Biden immediately reversed many of the immigration and border policies implemented by his predecessor, Donald Trump, and these changes have led to a massive, intentional increase in illegal immigration.

One of the key factors contributing to the rise in illegal immigration during the Biden administration is the very real perception that the current regime is more welcoming to immigrants than the previous one; illegal crossings dropped to a 40-year low under Trump.

Biden promised to create a ‘more humane and fair immigration system’ by reversing Trump’s policies, such as the separation of families at the border (which happened under Obama/Biden too, by the way). This has led many people to believe that they will have a better chance of being granted asylum or other forms of legal status under the Biden administration.

Others note that the Biden administration’s decision to halt the construction of the border wall has also contributed to the rise in illegal immigration. The wall was one of Trump’s signature policies, and its construction had already begun when Biden took office. However, the new administration immediately halted the construction, arguing that it was a waste of resources and an ineffective way to address illegal immigration when, in reality, it was extremely effective where it was completed, as Border Patrol agents confirmed at the time. Critics argue that the decision to halt the construction has sent a message to potential immigrants that the US is less committed to securing its borders, and they have been proven correct.

In March 2021, the administration announced that it would increase the number of asylum officers and immigration judges to help process the large number of asylum claims being filed. The administration has also promised to work with Central American countries to address the root causes of migration and improve economic conditions in the region.

But the reality is, Biden’s handlers are not ‘working to curb’ illegal immigration, they are creating it on purpose. And our people will pay the price very soon.

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Inflation Is Officially Out of Control as It Becomes Obvious Federal Reserve Rate Hikes Have Had Little Effect to Bring It Down

JD Heyes — Thu, 25 May 2023 08:19:57 +0000

The Biden regime won’t admit it and neither will most Democrats because it would only add to their reputation of being unable to run a successful economy, but it’s pretty much official now: Inflation is out of control despite the fact that the Federal Reserve has been hiking rates to reverse price spikes.

Thanks to Democrat over-spending during the pandemic when the supply chain was busted and goods were in short supply, prices skyrocketed to reflect the lack of availability, and they’ve not come down very much at all.

Worse, other monetary assets are now being negatively affected as well.

“We saw a big selloff in the gold market last week and the price dropped below $2,000 an ounce. The catalyst for that selloff was tough talk from several Federal Reserve officials and an increasing expectation that the central bank will raise rates again in June,” SchiffGold.com noted this week.

“As Peter Schiff explained in his podcast, everybody thinks the Fed is going to win the inflation fight because it is going to be even tougher. In reality, they are talking tougher because they are losing the fight,” the site noted further.

In a statement on Thursday, Lorie Logan, the President of the Dallas Fed, expressed her concerns about “much too high” inflation, stating that it is not slowing down quickly enough to enable the Federal Reserve to consider pausing its campaign of interest rate hikes in June.

“The data in coming weeks could yet show that it is appropriate to skip a meeting. As of today, though, we aren’t there yet,” Logan said.

Despite the stock market’s indifference to the Federal Reserve’s more stringent stance, there were notable reactions in other financial markets. The dollar gained strength, gold prices declined, and there was a sell-off in the short-term bond market. If the Federal Open Market Committee (FOMC) proceeds with a rate hike next month, it would result in the Fed funds rate reaching a range of 5.25% to 5.5%. Schiff highlighted that this would surpass the peak rate observed during the previous cycle in June 2006.

“We will be above the interest rate level that precipitated the 2008 financial crisis and Great Recession. Except the difference is today that we have so much more debt than we did back then. Everybody has a lot more debt — the government, corporations, individuals. So, that level of interest will do far more damage today than it did in 2007. And we know how much damage it did then because we had the financial crisis of 2008. So, the financial crisis that has already begun in 2023 is going to be much worse than the one that we had in 2008,” Schiff said during his podcast.

For the first time ever, household debt in the U.S. has surpassed $17 trillion. Typically, credit card balances fall during the first quarter of the year, but this year they were flat.

“Americans are using their credit cards as a lifeline. That’s how they’re dealing with higher prices. They’re charging stuff,” Schiff said.

During March, revolving credit, which encompasses credit card debt, experienced a significant annual increase of 17.3%. Simultaneously, interest rates on credit card debt soared above 20%. Schiff suggested that these trends demonstrate the Federal Reserve’s lack of progress in addressing inflation.

“The consumer keeps spending. Where are they getting the money? They’re borrowing it. Credit continues to expand. That’s part of the inflationary dynamic. Inflation is an expansion of the money supply, which includes credit. So, consumers are not cutting back on their spending because of higher prices. They’re not even cutting back on their spending because of higher interest rates. They just keep on spending,” Schiff said.

“So, prices are going to keep on rising, and this next quarter-point rate hike isn’t going to be any more effective than the previous rate hikes, which means they’re going to have to do it again,” he added.

Get ready for a massive debt bomb to explode soon, in other words.

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Gov. Ron DeSantis Signs Bill Outlawing Federal Central Bank Digital Currency From Being Used in Florida

JD Heyes — Tue, 16 May 2023 21:06:35 +0000

Florida Gov. Ron DeSantis, who is widely expected to jump into the 2024 GOP presidential primary race that is currently being led by former President Donald Trump — himself a resident of the Sunshine State — has signed legislation that bans the use of federally adopted central bank cryptocurrency in his state.

DeSantis, accompanied by Commissioner Wilton Simpson and President Kathleen Passidomo, signed the bill at the Southwest Florida Public Service Academy at Fort Myers Technical College, according to Fox 4.

“DeSantis announced comprehensive legislation to protect Floridians from the Biden administration’s weaponization of the financial sector through a Central Bank Digital Currency (CBDC),” the outlet reported further, adding what the law does:

Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code (UCC).
Instituting protections against a central global currency by prohibiting any CBDC issued by a foreign reserve or foreign sanctioned central bank.
Calling on likeminded states to join Florida in adopting similar prohibitions within their respective Commercial Codes to fight back against this concept nationwide.

Central bank cryptocurrencies (CBCCs) have been a hot topic of discussion among economists and policymakers in recent years. While the idea of a digital currency issued by a central bank has its advantages, there are also concerns that need to be addressed before such a currency can be implemented.

One of the main concerns about CBCCs is privacy. A CBCC would likely require users to have a digital wallet that is linked to their identity, which could potentially compromise their privacy. This is particularly concerning given that central banks have access to a wealth of financial data that could be used to monitor and track individuals’ spending habits. To address this concern, central banks would need to ensure that CBCCs are designed with strong privacy protections that prevent unauthorized access to user data.

Another concern is the potential for CBCCs to disrupt the traditional banking system. One of the main benefits of CBCCs is that they would enable peer-to-peer transactions without the need for intermediaries such as banks. While this could be beneficial for consumers, it could also lead to a loss of control for central banks over the money supply, which could have significant implications for monetary policy. To mitigate this risk, central banks would need to carefully consider the design of CBCCs and how they would fit within the existing monetary system.

A related concern is the potential for CBCCs to destabilize the financial system. If a CBCC were to gain widespread adoption, it could potentially undermine the stability of the banking system by reducing the demand for traditional bank deposits. This could in turn lead to a decrease in lending and investment, which could have negative effects on the economy as a whole. To address this concern, central banks would need to carefully consider the impact of CBCCs on the financial system and take steps to ensure that they do not pose a systemic risk.

There are also concerns around the technical feasibility of CBCCs. While blockchain technology has made significant strides in recent years, it is still in its early stages and there are significant technical challenges that need to be overcome before CBCCs can be implemented. These challenges include scalability, security, and interoperability with existing financial systems. Central banks would need to work closely with technology firms and other stakeholders to address these challenges and ensure that CBCCs are technically feasible.

Finally, there are concerns around the potential for CBCCs to be used for illicit activities such as money laundering and terrorism financing. While these concerns are not unique to CBCCs, the fact that they would be issued by a central bank could make them more attractive to criminals. To address this concern, central banks would need to work closely with law enforcement agencies and other stakeholders to ensure that CBCCs are not used for illicit activities — but would they?

Obviously, DeSantis does not want Floridians exposed to these dangers, and hopefully, more governors will follow his lead.

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Biden’s Policies Are Killing U.S. Economic Growth as 1st Quarter Activity Takes a Nose Dive Amid High Interest Rates

JD Heyes — Sun, 30 Apr 2023 19:44:07 +0000

President Joe Biden’s economic policies are proving to be even more disastrous than first thought, as the federal government’s own figures indicate.

In the first quarter, the U.S. economy grew by paltry 1.1 percent, a decrease from a still-measly 2.6 percent growth seen in the fourth quarter, as per the Bureau of Economic Analysis (BEA). The growth rate also fell short of the anticipated 2 percent as projected by economists, The Epoch Times reported.

“This was the slowest quarterly growth since the second quarter of 2022,” the outlet continued.

Over the past year, the Federal Reserve has raised interest rates, resulting in an increase of the benchmark Fed funds rate by 475 basis points, the highest level since late 2007, but it should be noted that the Fed had to raise rates in order to combat the massive inflation caused by massive Democratic spending bills that Biden signed, adding massive amounts to the national debt.

Currently, the target range stands at 4.75-5.00 percent. According to the CME FedWatch Tool, investors anticipate the Federal Open Market Committee to raise rates by another 25 basis points at the upcoming policy meeting next month. The rising-rate environment has caused borrowing to become more expensive, making it challenging for businesses and consumers to manage with the already heightened inflation.

And the inflationary cycle isn’t done, apparently.

The latest quarter brought a surprising surge in inflation for market observers. The GDP Price Index, which measures the prices of goods and services produced in the United States, unexpectedly increased to 4 percent during the first three months of 2023. That marks an increase from the previous quarter’s 3.9 percent and exceeds the market’s predicted rate of 3.7 percent, The Epoch Times noted.

“Unfortunately, the sharp slowdown in economic growth last quarter was not sufficient to temper price inflation,” Scott Anderson, chief economist at the Bank of the West Economics, wrote in an investor’s note. “Despite weakening growth and the elevated probability of a mild U.S. recession on the horizon, we believe persistent core price inflation will prompt the Fed to raise interest rates by another quarter percentage point next month before an extended pause.”

During the first quarter, there was a significant rise in the personal consumption expenditure (PCE) price index, increasing from 3.7 percent to 4.2 percent. The observed rate was much higher than the anticipated 0.5 percent. Similarly, the core PCE price index, which does not include the volatile food and energy sectors, climbed to 4.9 percent.

In the first quarter, the GDP Sales Index, which calculates the goods and services produced for sale in the national economy, surged to 3.4 percent, surpassing the market’s predicted rate of 2.3 percent. The observed growth was also higher than the 1.1 percent increase in the fourth quarter.

The expansion in the real gross domestic product (GDP) was primarily driven by increased consumer and government spending, as well as exports. However, this was offset by declines in private inventory investment and residential fixed investment, the news outlet noted further.

Quarter-over-quarter, real consumer spending surged by 3.7 percent, compared to 1 percent previously. Despite a strong start to the year, Morning Consult’s chief economist John Lee highlighted that “the consumer ended the quarter on a sour note, calling into question the sustainability of economic growth moving forward.”

“While private investment may pick back up later this year, it tends to be highly volatile from quarter to quarter,” he told the Times in an email. “Without a robust consumer, we’re likely to see more volatility and uncertainty in economic activity through the end of the year.”

“The economy’s biggest problem now is inflation, a direct result of the government’s COVID-related stimulus. The price of stimulus today is always a slowdown tomorrow, and now it’s tomorrow,” added Ryan Young, senior economist at the Competitive Enterprise Institute, in an email.

“Trillions of dollars of stimulus spending and money creation caused the inflation that the Federal Reserve is still struggling to bring down. Rising interest rates are a necessary part of that effort, but they are a major reason why GDP growth is only about half what it should be. Stimulus is never free,” he added.

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Globalist 2030 Agenda Push by World Economic Forum Set for Launch as Elite Make Final Drive Towards Total Control

JD Heyes — Sat, 29 Apr 2023 21:14:55 +0000

Editor’s Note: I am highlighting this story because it brings about one important point I believe most in my audience need to hear. The machinations of the globalist elite cabal do not seem to be materializing as they had expected. That’s not to say they don’t still have the upper hand, but it seems clear they overestimated what their massive riches and power could accomplish. We MUST continue fighting back. The best way to fight such a beast is by spreading the truth. The more people we have on our side and “in the know,” the better our chances are at stopping them. With that said, here’s the article by JD Heyes…

Let’s be clear about one thing: The push towards all-electric transportation has nothing to do with ‘saving the planet’ from emissions hell and everything to do with controlling how we travel.

Electric vehicles are not the panacea for cleaning up the environment the tyrannical left-wing elite claim they are because they require literally raping the earth to obtain the ingredients (lithium, primarily) for the batteries — not to mention the fact that the lithium is mined by poor children of color who work like slaves for pennies a day.

In fact, the entire ‘green’ agenda is about control, not saving mother Earth, because it requires us to consume less and rely far more on being grouped into megacities where the power elite can enforce their will on us. Individualism is their enemy; self-reliance is undesirable to them.

Earlier this week, the corporate-led World Economic Forum (WEF) announced that world leaders would be convening later this year to “accelerate the implementation of Agenda 2030,” a plan that lacks accountability, The National Pulse reported.

Both the United Nations (UN) and the WEF seem to be dismayed by the lack of progress made towards their “Great Reset” ideology and the Agenda 2030 plan, which is a socialist successor to the failed “Millennium Development Goals,” the outlet reported.

The WEF, headed by German engineer Klaus Schwab (whose father was once involved with the Nazi Party), has acknowledged that previous attempts to implement their plans have been hindered by “unforeseen setbacks” such as the COVID-19 pandemic, the adverse effects of climate change, and the escalating costs of food and fuel worldwide due to the conflict in Ukraine.

Global leaders and their representatives have been summoned to “strategize” and accelerate the progress of what the WEF calls “arguably the greatest-ever human endeavor undertaken to create peaceful, just, equal, and sustainable societies.”

But again, do not let the flowery language fool you: They seek to bring the world under their control so that we live their visions of a ‘peaceful, just society’ — which will mean giving up on our democratic systems and turning over all power to them, the tiny minority of mega-wealthy elitists who fancy themselves as god-kings.

The UN Department of Economic and Social Affairs has argued that “[p]ractical solutions that can accelerate progress on the [Sustainable Development Goals of the United Nations (SDGs)] will be urgently needed.”

The outlet notes further:

The seventeen SDGs comprising Agenda 2030 were first compiled in 2015 and were agreed upon by 191 UN Member State governments, though not necessarily their voting publics. These “goals” include laudable aspirations such as “ending poverty”, and eradicating world hunger, amongst more nefarious globalist goals in areas of gender ideology and hard-left socialist economics.

Since Davos 2o21, the WEF has publicly discussed how these goals can be used to achieve the ‘Great Reset,’ which would see ordinary people able to own nothing personally. The WEF claims this will increase happiness in the world.

The WEF is prioritizing “civic participation” as a means to advance its plans. They define this approach as addressing issues such as “economic inequality, gender disparities, corruption, and environmental degradation.” And how do the elites plan to ‘deal’ with these issues? The only way to do so is to take from people who have accumulated some degree of wealth and redistribute it to others who have done nothing to earn it — classic socialism. Add in the tyrannical aspect, and you get some hybrid form of communism and socialism.

“In the quest to build back better,” says the WEF, “civil society is proposing new ways of achieving the SDGs and creating a better post-pandemic world.”

Lofty goals, but people all over the world should get to decide these things for themselves, not have their futures ‘planned out’ by a handful of globalist busybodies who think they are masters of the universe.

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Biden’s Destructive Russia Sanctions Are Destroying Decades-Long Dominance of Dollar as World’s Reserve Currency

JD Heyes — Tue, 04 Apr 2023 07:34:56 +0000

Former Defense Secretary Roberts Gates has famously said on more than one occasion that though he liked Joe Biden personally, Biden has been wrong on every major foreign policy issue throughout his entire half-century political career.

And he and his handlers are handling the war between Russia and Ukraine exactly the wrong way as well.

Specifically, the policies of financially isolating Russia are creating a bifurcated world that the United States will no longer dominate. In the process, he is ensuring that the U.S. dollar will no longer reign as the world’s reserve currency — which is going to lead to a collapse of our economy when countries stop buying our debt.

Case in point: India’s mass purchases of cheap Russian fossil fuels are more frequently being made in currencies other than the dollar, according to Reuters.

“U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India – Russia’s top outlet for seaborne crude – have been settled in other currencies,” the report this week began.

The dollar’s dominance has been challenged from time to time, but it has persisted due to the undeniable benefits of utilizing the most universally recognized currency for commercial purposes.

India’s oil trading, prompted by the upheaval of sanctions and the conflict in Ukraine, presents the most compelling proof to date of a move towards alternative currencies that could have long-term implications, the report continued.

Ranked as the third-largest importer of oil globally, India began procuring the majority of its oil from Russia, which emerged as its top supplier after European nations rejected Moscow’s oil in response to its invasion of Ukraine that started in February of last year.

Following the imposition of an oil price ceiling on Russia by a coalition opposing the war on December 5th, multiple sources from the oil trading and banking sectors have disclosed that Indian purchasers have been utilizing non-dollar currencies, such as the United Arab Emirates dirham and, more recently, the Russian ruble, to pay for the majority of Russian oil. This shift, which has not been previously reported, has amounted to several hundred million dollars in transactions over the last three months, according to the sources who spoke to Reuters.

Last year, the Group of Seven (G7) economies, the European Union, and Australia established a price cap with the aim of prohibiting Western services and shipping from trading Russian oil, except when it is sold at a mandated low price, to deprive Moscow of funds for its war.

According to three sources with direct knowledge, a few Dubai-based traders, as well as Russian energy firms Gazprom and Rosneft, have been seeking non-dollar payments for certain specialized grades of Russian oil that have been sold above the $60 per barrel price limit in recent weeks, the report noted.

Due to the sensitivity of the matter, the sources requested anonymity.

Although these sales constitute a minor portion of Russia’s overall sales to India and do not seem to breach the sanctions, which US officials and experts believed could be circumvented by non-Western services such as Russian shipping and insurance, the trade sources and former Russian and US economic officials told Reuters that three Indian banks supported some of the transactions. This is in line with Moscow’s efforts to decrease its dependence on the US dollar, while traders aim to evade sanctions, Reuters added.

If the dollar loses its global reserve currency status, it would have a significant impact on the United States and the world economy. The demand for the dollar would decrease, which would lead to a depreciation in its value.

This would make imports more expensive and increase inflation in the United States. Moreover, the United States would lose the privilege of being able to borrow in its own currency, meaning it would have to pay higher interest rates to borrow money from other countries. This could lead to a decrease in foreign investment in the United States, which would slow down economic growth.

And that’s exactly what is happening under Biden.

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Trans Movement Being Fomented by Russia, China as a ‘Guerilla Movement’ to Disrupt U.S.

JD Heyes — Sun, 02 Apr 2023 23:25:42 +0000

Russia and China have teamed up to use U.S. civil liberties such as free speech and expression against Americans to destabilize the country from within, according to a new analysis, and the transgender movement is one aspect of that plan.

Recent incidents including train derailments, attacks on power substations, laser pointing at aircraft, firebombing pro-life pregnancy centers, a communist-inspired Antifa attack on a police facility in Atlanta, and the shooting carried out by a transgender individual at a Christian school, have raised concerns about increasing violence and extremism across various parts of society, notes Cliff Kincaid of News With Views.

“Some of the above might be accidents or the work of deranged individuals. But you would have to be naïve to rule out the involvement of subversives determined to undermine public safety and security,” he noted. “You do not have to be a ‘conspiracy theorist’ to consider that there might be something sinister happening behind the scenes.”

“On the other hand, stories about the ‘search for a motive’ in the mass murder at the Christian school demonstrate the clueless nature of our media on these shocking events,” Kincaid added.

It is becoming increasingly evident that foreign ideologies originating from Russia and China, along with anti-American cultural tendencies that are supported by the national Democratic Party, are threatening the stability of the United States. However, rather than addressing these issues, the media tends to focus on the topic of guns, diverting attention away from underlying problems such as mental health issues, educational shortcomings, and parental negligence, he noted.

The transgender movement, which gave rise to individuals such as Audrey Hale, the 28-year-old perpetrator of the Nashville shooting who had attended a Christian school, is at odds with Christian values.

The founder of the modern transgender movement, Leslie Feinberg, was a self-described “anti-racist white, working-class, secular Jewish, transgender, lesbian, female, revolutionary communist.” Feinberg was a member of the communist Workers World Party, and his/her literary works included Rainbow Solidarity in Defense of Cuba, he continued.

Feinberg and other individuals who subscribe to similar ideologies represent what is commonly referred to as “Cultural Marxism,” which has had a detrimental impact on many young people and has now resulted in the tragic loss of three students and three staff members at the Christian school.

It is essential to acknowledge that the issue is not merely an “emotional disorder” but instead stems from the rejection of the United States and its Christian roots, Kincaid continued.

To comprehend this strain of Cultural Marxism, it is worthwhile to examine the example of Ted Kaczynski, the Harvard-educated Unabomber. According to a psychiatric report, Kaczynski’s mental state had declined to the extent that he had “fantasies of being a female” and “became convinced that he should undergo sex change surgery.” This modern-day environmentalist and Luddite orchestrated an 18-year bombing campaign, resulting in the death of three individuals and injuring many others before his eventual capture by the FBI in 1996.

The ongoing Atlanta case provides concrete evidence of a small army, inspired by communist ideologies, hiding in the forest before attacking the facility known as Cop City. They justified their actions under the guise of protecting trees and the legacy of indigenous people. This behavior is indicative of a mental disorder, Kincaid opined.

The report “Guerrilla Warfare Advocates in the United States” sheds light on the communist agenda for America, which involves years of internal subversion. Unfortunately, this report was published by the House Committee on Un-American Activities, which was disbanded by liberal lawmakers on the grounds of “red-baiting.”

To conclude, Kincaid says that the Chinese and Russians must be reveling in the devastation in the United States, which they have encouraged by exploiting the country’s internal divisions and grievances. However, despite the tragedy of the victims, liberal politicians persist in their efforts to defund the police and dismantle the Second Amendment, thereby depriving law-abiding citizens of the right to defend themselves.

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