More and more, the illusion of our free market economy is dissolving. The United States government, and those of several states, have been usurped by a criminal enterprise bent on taking away our property rights and honest methods of earning a living. Courts protect criminals and foreign invaders, and the supposed financial sector is entrapping people with endless debt.
Below are several news excerpts explaining the situation, but I refuse to give in to despair. The good news is the public is becoming aware of the evil plot. Once we fully understand the ways of the enemy, we’ll be able to eliminate them lawfully. There are safe havens for our wealth like precious metals and cryptocurrency. Private American citizens own at least 40% of the world’s guns. And young adults are breaking “generational curses” by studying psychology and dismantling the old methods of abuse.
Charles Hugh Smith- We’re Living in a Neofeudal Bubble:
“If you listen to conventional economists, everything’s rosy: thanks to the expansion of alt-energy like wind and solar, energy is getting cheaper, batteries will power the new global economy, we’re getting smarter — just look at the rising number of advanced college degrees, wages are finally growing, inflation is trending down, household balance sheets and corporate profits are strong, debt loads are not an issue yet and GDP is rising.
“All this happy news is backed by statistics, of course, but there’s one little problem: all the conventional cheerleaders are living in a bubble of like-minded elites who are insulated from the neofeudal realities of life in the real world.
“Outside the bubble of wealthy, protected elites that generate the statistics and the “news,” the global economy is completely, totally neofeudal–and so is the American economy. What does neofeudal mean? It refers to a two-tiered socio-economic system in which an aristocracy owns the vast majority of the wealth and collects the lion’s share of the income, and uses this financial dominance to buy political and narrative dominance.
“In a neofeudal arrangement, the machinery of governance protects and enforces elite dominance. Cartels and monopolies have free rein to price-fix and exploit, tax revenues flow freely to cartels, elite organizations such as family trusts get tax breaks, and so on.
“In other words, “the market” is rigged and the government maintains the status quo.
“Toiling away to enrich the aristocratic owners of capital are the serfs and peasants, who own a tiny shred of income-producing capital. Their primary assets–the family home and vehicles–are actually income streams for the wealthy who collect the mortgage and auto-loan interest paid by the serfs.”
“Life is good in the bubble because there’s no homeless encampment a block away, there’s plenty of money coming in and our wealth–401Ks, inherited bonds and rental property, university pensions, corporate stock options, and so on–increases smartly, year after year and decade after decade.”
“That all this wealth expansion is the result of unprecedented central bank intervention is left unsaid. As noted above, the role of the state and central bank is to maintain the status quo of the already-wealthy increasing their share of the national wealth and income, and loading more (very profitable) debt on the serfs.”
“This is neofeudalism in a nutshell. Wages have flatlined (or fallen when measured in purchasing power) while rent has steadily increased, eating away at the serfs’ disposable income.”
Daily Caller- Robert F. Kennedy Jr. Warns ‘One Giant Corporation’ Wants To Own 60% Of US Homes By 2023. But We Can Stop Them.:
“A video shared Monday by the hugely popular Wall Street Silver account on Twitter showed 2024 presidential candidate Robert F. Kennedy Jr. (RFK) warning Americans most of the country’s real estate will be owned by one corporation by 2030.
“RFK explained how our corporate overlords, who control far more of the world than even the World Economic Forum’s (WEF) leadership, are attempting to purchase upwards of 60% of all U.S. single family homes by 2030.
““There are three giant corporations: BlackRock, State Street and Vanguard, which own, collectively, own each other, so it’s really one giant corporation, but they also own 89% of the S&P 500. They own everything,” RFK said in what appears to be an interview on “The Breakfast Club.””
“But Americans don’t have to put up with this absolute warfare from BlackRock, Vanguard and State Street. You can tell everyone you know, right now, that if they’re going to sell their home, they have a moral obligation to sell it to a family, or a real person.
“If we continue to perpetuate the greed and gluttony so hyper-normalized in America, then we only have ourselves to blame when this country becomes WEF’s dream. You don’t need an extra bit of cash for your home. You need to make this country worth living in for future generations, and that won’t happen if you keep selling your home (and soul) to big corporations and foreign billionaires.”
Rasmussen Reports- Biden’s Killing the American Dream of Homeownership:
“In boasting about Bidenomics two weeks ago in Milwaukee, Resident Joe Biden declared that his policies are “restoring the American dream.” Then he went into his creepy whispering mode and assured us “it’s working.”
“Huh?
“Isn’t a big aspiration of the American dream owning a home? Biden keeps making first-time homeownership harder for young families for two reasons. One is that the overall jump in inflation and the slower increase in wages and salaries means that homes are more expensive. High home prices benefit those who already own their homes, but much of the increased value is due to general inflation, which reached a high of 9% last year and hurts everyone.
“A bigger killer for first-time homebuyers has been the steady rise in mortgage rates under Biden. When he came into office, the mortgage rate was 2.9% nationally. Now it is 7.1%, thanks in no small part to the Federal Reserve’s 11 interest rate increases prompted by the $6 trillion Biden spending and borrowing spree in 2021 and 2022.”
“Here’s another way to think about the damage done by Biden policies: If you want to buy a $500,000 home today, which is close to the median price in many desirable locations, your total interest payments will be at least $800 more per month. That means over three decades of payments totaling at least $250,000.
“Of course, rents are up nearly 20% as well, so for many 20-somethings, this means sleeping in the parents’ basement.”
ZeroHedge- AirBnBust: New York “Effectively Bans” Short-Term Rentals:
“Last week, we wrote that the bursting of the AirBnB bubble will also pop the broader housing bubble, which has shown remarkable resilience in the face of the highest interest rates since Volcker (although today’s ominous tumble in homebuilder stocks is certainly a concern), largely the result of a staggering divergence between effective mortgage rates (since almost everyone refinanced into a 30Y mortgage when rates were at record lows a few years back and is locked into a nice, low rate for a long, long time… or until they sell) and current 30Y mortgages, which at 7.5% nobody can afford.
“So back to the coming AirBnB fiasco, last Wednesday the real estate experts at RedFin wrote that investor home purchases fell 45% from a year earlier in the second quarter, outpacing the 31% drop in overall home sales. That’s the biggest decline since 2008 with the exception of the quarter before, when they dropped 48%.”
“There is another, more tangible reason why the AirBnBoom is turning into an AirBnBust: starting today, the short-term rental landscape is changing drastically in New York City, and according to the company itself, will be “effectively banned” threatening the entire AirBnB model in the Big Apple, and other big cities to follow.
“As the RealDeal reports, beginning Tuesday, short-term rental hosts in New York City will be required to register their units, which will likely have a significant impact on platforms like Airbnb and potentially steer travelers toward hotels or New Jersey.”
InternationalMan.com- 3 Reasons There’s Something Sinister With the Big Push for Electric Vehicles:
“25 refrigerators.
“That’s how much the additional electricity consumption per household would be if the average US home adopted electric vehicles (EVs).”
“Congressman Thomas Massie – an electrical engineer – revealed this information while discussing with Pete Buttigieg, the Secretary of Transportation, President Biden’s plan to have 50% of cars sold in the US be electric by 2030.
“The current and future grid in most places will not be able to support each home running 25 refrigerators—not even close. Just look at California, where the grid is already buckling under the existing load.”
“Now, on to the three reasons EVs are a giant scam at best and possibly something much worse.”
“Reason #1: EVs Are Not Green
Hydrocarbons generate over 60% of the electricity in the US. That means there’s an excellent chance that oil, coal, or gas is behind the electricity charging an EV.
“Even by this logic, EVs do not really reduce carbon emissions; they just rearrange them.
“Further, extracting and processing the exotic materials needed to make EVs requires tremendous power in remote locations, which only hydrocarbons can provide.
“Additionally, EVs require an enormous amount of rare elements and metals—like lithium and cobalt—that companies mine in conditions that couldn’t remotely be considered friendly to the environment.”
Reason #2: EVs Can’t Compete Without Government Support
“For many years, governments have heavily subsidized EVs through rebates, sales tax exemptions, loans, grants, tax credits, and other means.”
“Furthermore, governments impose burdensome regulations and taxes on gasoline vehicles to make EVs seem relatively more attractive.”
“Without government support, it’s not hard to see how the market for EVs would evaporate as they would become unaffordable for the vast majority of people.
“In other words, the EV market is a giant mirage artificially propped up by extensive government intervention.
“It begs the question, why are governments going all out to push an obviously uneconomic scam?
“While they are undoubtedly corrupt thieves and simply stupid, something more nefarious could also be at play.”
Reason #3: EVs Are About Controlling You
“EVs are spying machines.
They collect an unimaginable amount of data on you, which governments can access easily.
“Analysts estimate that cars generate about 25 gigabytes of data every hour.”
“The last thing any government wants is an incident like what happened with the Canadian truckers rebelling against vaccine mandates.
“Had the Canadian truckers’ vehicles been EVs, the government would have been able to stamp out the resistance much easier.”
“The people really in charge do not want the average person to have genuine freedom of movement or access to independent power sources.”
New York Post- Credit card and car loan defaults hit 10-year high as inflation squeezes families:
“Inflation-squeezed Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis – and the struggle to pay their bills is poised to get worse as interest rates rise and the moratorium on student loans expires.
“Low- and middle-income earners have been especially hit hard by soaring prices on everything from rent, groceries, and new and used cars despite the Federal Reserve’s attempts to tamp down stubbornly-high inflation.”
““The increase in delinquencies and defaults is symptomatic of the tough decisions that these households are having to make right now — whether to pay their credit card bills, their rent or buy groceries,” Mark Zandi, chief economist at Moody’s Analytics, told the Washington Post.“
“With any savings from pandemic-era government stimulus checks dried up, many stretched borrowers have turned to opening new lines of credit — even as the average interest rate hit a record 20.6%, according to Bankrate.com — to try to pay off their debts.”
“Retailers, including Macy’s, Kohl’s and Nordstrom have also called out rising delinquency rates among their customers who have private label store cards.
“Macy’s acknowledged that its store card delinquency rates were rising “faster than planned,” the company’s chief operating officer Adrian Mitchell said on an earnings call in August.”
“Walmart, Target, Kohl’s, Foot Locker, Dick’s Sporting Goods, and Dollar Tree, to name a few, have all raised concerns about out-of-control thefts in their stores nationwide. The latest is supermarket chain Giant Food, which warned about “unprecedented levels” of “shrink” – the loss of inventory due to circumstances such as retail theft – at one of its stores in Washington, DC.
“NBC Washington said the Giant Food, located at 1535 Alabama Ave SE, has already warned if rampant shoplifting continues, the supermarket will have to close its doors.
“The Giant on Alabama Avenue SE is the only full-service supermarket in the area, and if it closes, it will create a food desert in Southeast DC. Instead of closing, it seems the grocery chain has come up with a solution:
“In a statement, Giant said it plans to remove national brand health and beauty care items and replace them with private label brands where possible. The new policy aims to reduce “unprecedented levels” of theft and make the store safer for shoppers and employees.
““None of the tactics we deploy is the ultimate solution to the problem we face, but we continue to invest in efforts that will improve safety for our associates and customers and reduce theft,” part of the statement read. –NBC Washington“
“Replacing brand name items, such as Tide, Colgate, or Advil, with only private label products is a last-ditch effort to prevent the store from closing.”
“A new report last week drew a Mexican cartel connection in America’s retail theft epidemic that cost companies like Walmart, Target, Kohl’s, Home Depot, and Foot Locker, among others, tens of billions of dollars last year. Yet another failed Democrat policy to leave borders open.”
Wirepoints.org- Chicago criminals have green light to rob, loot, burgle as odds of punishment collapse to near zero:
“The decision to commit a crime in Chicago has never been easier. Criminals are almost guaranteed to profit because the chances of getting caught and punished have collapsed to near-zero.
“It’s a big reason why the city is on target to hit a post-pandemic high in major crimes in 2023, currently up 32 percent vs. last year. It’s also why crime is unlikely to slow down significantly any time soon. Mayor Brandon Johnson doesn’t show any signs of imposing a higher cost on the city’s criminals. And Cook County State’s Attorney Kim Foxx and Cook County Chief Judge Tim Evans haven’t changed their soft approach to crime either.”
“The math is pretty straightforward. A demoralized, restricted police force. Plus a 1 in 20 arrest rate. Plus a high rate of unreported crime. Plus a dismal 911 response rate. Plus a city leadership that’s soft on crime. All that equals a near-zero chance of criminals ever getting punished.
“Not until the costs of committing crime go way up – and the equation changes – will Chicagoans see any relief.”
Gateway Pundit- Mayor Eric Adams Has Meltdown Over Biden’s Migrant Crisis: “This Issue Will Destroy New York City”:
“New York City Mayor Eric Adams (D) had a meltdown at an Upper West Side town hall meeting Wednesday night over Joe Biden’s open borders migrants crisis, saying, “Let me tell you something, New Yorkers. Never in my life have I had a problem that I did not see an ending to. I don’t see an ending to this. This issue will destroy New York City. Destroy New York City,” and “The city we knew, we’re about to lose.””
“Adams said the city is supporting 110,000 “asylum seekers” who have arrived since April 2022 and is now taking in 10,000 per month with migrants coming from all over the world via the open southern border.”
“In a shocking revelation, Todd Bensman, the Center’s Texas-based Senior National Security Fellow, has reported that the Biden regime is allocating a staggering $2,200 “per month” to illegal immigrant families (1 parent & 1 child) through phony asylum for the cost of living expenses. This comes at a time when the average American on Social Security receives just $1,400 per month and Maui survivors with only $700.
“Bensman said that it appears these illegal immigrants may not be subjected to asylum interviews anymore. They are being released to the United States.”
“According to a video interview with an anonymous Border Patrol Agent, illegal immigrants are “double dipping” the system. One parent and one child receive $2,200 per month, and then a separate parent and child—often from the same family—receive another $2,200 per month. This amounts to a whopping $4,400 per month for some immigrant families, a figure that exceeds what many working Americans earn.”
Just The News- Texas must move buoy barrier deployed to halt migrant river crossings, judge rules:
“A federal judge on Wednesday ordered Texas to relocate a floating barrier compromised of large buoys that Austin had deployed to curb migrant crossings via the Rio Grande.
“The state installed the barrier in earlier July, prompting a rapid challenge from the Department of Justice and protests from the Mexican government.
“U.S. District Judge David Ezra of Texas ordered that the state move the barrier to the river bank by Sept. 15, the Associated Press reported. The state is likely to appeal.
“The buoy barrier is one of several efforts by Texas to combat the surge in illegal migration across the southern border under the Biden administration. Republican Gov. Greg Abbott has also begun busing migrants to left-wing sanctuary cities in a bid to highlight Washington’s lax approach to border enforcement.
“Moreover, other states have contributed their national guardsmen to bolster Texas’s Operation Lone Star, Austin’s unilateral effort to address the migrant crisis in the face of perceived federal apathy.”
American Thinker- The sad truth behind job growth in the American economy:
“According to Axios, a left-leaning publication, the only thing keeping the American economy afloat is the blessed presence of foreign-born workers…because those lazy Americans just won’t work. However, according to a study by Zero Hedge, Americans are losing their jobs like crazy, and only foreign-born workers are getting those jobs. Who to believe? Who to believe?
Immigrants are joining the U.S. workforce at much higher levels than normal.
- They’re likely to account for roughly half a million new jobs over the next three quarters, per a new report from Goldman Sachs.
Why it matters: As the U.S. continues to struggle with a historically-tight labor market, immigrants are coming to the rescue of desperate employers — while also creating new jobs themselves.
By the numbers: Between the pre-pandemic month of January 2020 and July 2023, the immigrant labor force grew by 9.5%. That compares to a tiny 1.5% growth rate among the native-born.
Axios points to three factors behind the data: First, huge numbers of legal immigrants are getting visas. As I see it, that means the Biden administration is flooding the American economy with foreign-born workers.
“The Zero Hedge article is behind a paywall, but Gateway Pundit summarizes the top line: It wasn’t just that American-born workers were lying around on couches smoking pot and playing video games, although, sadly, I’m sure that a lot were. It’s also that 1.2 million of them lost their jobs. Of those 1.2 million lost jobs, foreign workers replaced 771,000 of them.
“Was it a direct one-to-one replacement? I don’t know. But it appears that 1.2 million Americans wanted to work, but their employers didn’t want them. Instead, a great many employers preferred 771,000 foreign-born workers.
“Those statistics also probably tell only the tale of legal foreign-born workers. They don’t talk about the low-level workers (gardeners, janitors, etc.), who are often paid under the table, whether legal or not. I suspect that a lot of those jobs are now in the hands of non-natives, too.
“As I alluded to above, there’s also a problem with young American workers. Many are not interested, with TikTok awash in videos of young Americans complaining about the intolerable burden of having to hold a job. These same young people are also graduates of high schools that focused hard on DEI and gender identity but forgot to teach them basic reading, writing, and ‘rithmetic. Many foreign-born workers still believe in the male-female binary and can do addition and subtraction. They may even feel that you can get through the day without lighting up a joint.”
ZeroHedge- Choked-Up Cooperman “Concerned About The Lefties” Running America:
“Legendary fund manager Leon Cooperman has never been a man afraid to wear his heart on his sleeve and [Thursday’s] appearance on CNBC may well be the most emotional of all as he reflected on the state of America.
“After giving his thoughts on the economy and the market (see below), the octagenarian’s voice began to quiver as he recalled his father’s arrival in America at the age of 12 and his own inglorious rise through the Bronx public school system to business school and finally on to Wall Street, where he says “I had no money.”
“Since then “I have made a lot of money, and I’m giving it all back” the self-made billionaire notes as his philanthropy is as legendary as his investing success. But then he cracks…
““You’re concerned about what happens…” the CNBC anchor begins.
“Cooperman steps in, holding back tears, “I’m concerned about the lefties,” he says, adding that “they don’t get it.”“
“On the market side of things, Cooperman warns “I don’t expect we see a new high in the market for a long time.” His view is that policymakers have been working against each other.”
TrendingPolitics- Texas Gets Big Court Victory: Judge Grants Motion to Leave River Barriers Under Emergency Stay:
“A U.S. Appeals Court has granted Texas an emergency stay, allowing the state to maintain the barriers it installed in the Rio Grande, at least temporarily.
“This decision comes in response to a federal judge’s order in Austin, issued a day prior, which mandated Texas to relocate the barriers to the riverbank on the Texas side by September 15.
“Furthermore, the state was instructed not to add any more structures to or within the river pending the final outcome of the Department of Justice’s lawsuit. The granted stay is in effect “pending further order of the Court,” as stated in the Fifth Circuit Court of Appeals’ filing. The Fifth Circuit is expected to conduct a full hearing with arguments from both sides regarding the barriers’ placement in the Rio Grande River.”
“Gov. Abbott called the ruling “incorrect” in a statement on Wednesday.
““Today’s court decision merely prolongs President Biden’s willful refusal to acknowledge that Texas is rightfully stepping up to do the job that he should have been doing all along. This ruling is incorrect and will be overturned on appeal,” his statement read. “We will continue to utilize every strategy to secure the border, including deploying Texas National Guard soldiers and Department of Public Safety troopers and installing strategic barriers. Our battle to defend Texas’ sovereign authority to protect lives from the chaos caused by President Biden’s open border policies has only begun. Texas is prepared to take this fight all the way to the U.S. Supreme Court.””
The Epoch Times- 2 Million Guns Sold in August, 49th Straight Month of Over 1 Million Sales:
“Gun sales in the United States exceeded 2 million last month—the 49th straight month in which firearm sales crossed a million.
“In August, 2.04 million checks were conducted through the FBI’s National Instant Criminal Background Check System (NICS), according to an analysis by Guns.com. Though this is a 16.4 percent dip from the 2.45 million checks conducted in August 2022, the numbers are still higher when compared to the years before the COVID-19 pandemic of 2020, it said.
“This August registered the fifth highest NICS checks for any August in the past 25 years. This was also the 49th consecutive month that gun sales crossed the 1 million mark.”
“In a statement to Guns.com, Mark Oliva, public affairs officer with the NSSF, said that the 1.1 million gun sales figure shows “the desire for lawful firearm ownership is far from over.”
““Americans, literally by the millions, are investing in exercising their Second Amendment rights. This has happened every month for more than four years continuously.””
The Daily HODL- $100 Billion Exits US Banking System in Three Months As Kevin O’Leary Warns People Are ‘Very Nervous About Putting Their Money in the Bank’:
“Shark Tank’s Kevin O’Leary says the US banking system is set for a period of major consolidation after a loss of confidence in the financial sector.
“In a new Fox News interview, the venture capitalist says the number of regional banks in the US will likely drop by half in the coming years.
““We have 4,100 regional banks in America. Probably in the next three years, it will be down to 2,000. They’re going to consolidate…
“People are very nervous about putting their money in the bank because if another one fails and you have your cash in there, right now you’re only guaranteed for $250,000.”
“O’Leary’s prediction comes as new data shows depositors have pulled money out of the US banking system for five consecutive quarters.”
“Although the pace of deposit flight has slowed, Gruenberg says Americans continue to withdraw funds from banks to seek other opportunities that generate higher interest.”
