Biden impeachment inquiry begins.

 EVIDENCE FAR OUTWEIGHS ANY IN PREVIOUS IMPEACHMENTS

LOTS OF CORRUPTION EVIDENT, JUST NEED ACCESS 

The House of Representatives have finally opened an impeachment inquiry into the financial dealing of Joe Biden and Hunter Biden. There is more evidence of corruption and a true indication of a real impeachable offence in many areas.

To just take one, the video were Joe Biden huffs and puffs and brags about withholding $1 billion dollars in aid to Ukraine unless they fire the prosecutor investigating Hunter Biden and Burisma co., the company that was paying Hunter over $80,000 a month. This is a more serious indication than anything that they used to impeach Donald Trump. 

Then there is the fact that Hunter Biden flies to China with Joe and then acts as an agent, unregistered of course, of China to buy $1 billion of strategic metal assets in Africa for China.

Money from a Moscow mayor's wife.

There is lots to inquire about and so far the details of bank records and other attempts to discover where all this money ended up have been thwarted by the Biden administration and its corrupt justice department. Obstruction of justice all over the place.

It can be expected that is inquiry will likely go nowhere, as this administration, likely the most corrupt in U.S. history has no lack of boldness to just not cooperate and not provide any subpoenaed documents. What is anyone going to do about it?

The fact is, the United States is no longer a country with laws that are enforced on the elite rulers. It is no better than a corrupt third world oligarchy. In fact, it may now be worse, since it has the corrupt media who either distorts the truth or just refuses to report on any subjects if finds undesirable to the ruling elite. 

Just watch and see just how much coverage and credibility this media will give this impeachment inquiry. 

Debt, real estate bubble, Deja vu.

 DEBT RECORDS BEING SET EVERYWHERE

WILL REAL-ESTATE BUBBLE BE NEXT

While the narrative seems to be all is well with the economy, alarming statistics are being reported almost daily.

Household debt has now set an all-time record of $17.1. Trillion.

Credit Card debt is now a record  $1.2 Trillion with interest of 25%

Savings rate has declined to 3.5% and savings, have declined by over $1 billion per month since January, 2023.

Delinquencies on auto loans and consumer debt is increasing steadily.

Federal Reserve reports that banks are tightening lending standards as they foresee trouble ahead.

Debt to income ratio on mortgages has reached all time high of 40%, surpassing previous high in 2008 of 39 %.

28% of home sales are being purchased by Real estate investors. Average mortgage payments are over $1600 and in Pa. $1505. 

Average rent in Allentown area is now $1546 for 850 sq ft. and many over $2000.00.

Average household income in Pa. is $66,000.

Corporate profits are now down an average of 6%. 

It appears that many have continued to maintain their lifestyle by increasing credit card debt and depleting their savings. It is forecast that this practice is now going to come to an end within months.

The trigger for the 2008 crash was the default of real-estate debt held by mortgage securities.

Today we now see Real-estate investment groups who have been purchasing, renting and reselling real-estate financed by investors. While returns are increasing everyone is happy, but when returns stagnate and then fall, investors, unlike home owners, will soon want to exit these investments. When investors want to liquidate, it will require the group to sell, decreasing real-estate values and setting in motion a fast decline and crash and also default on mortgages. The rest is easily calculated by history. 

This situation then coupled with the effects of sanctions and trade retaliation may very easily set up a horrendous situation, especially for individuals and countries with large debts.

Federal spending 23.7% of gross domestic product.

 UNSUSTAINABLE DEFICITS AND DEBT 

BUDGET NOW ON UNCONTROLLED TRACK TO DISASTER

Federal Spending for 2023 is now estimated at $6.2 Trillion, this is 23.7% of all goods and services produced by the country.  Income is estimated at $4.81 Trillion or 18.3% of GDP. The federal debt is now $32.94 trillion or 133% of GDP. Total debt of everyone in the U.S. private and public is now 764% of GDP. Some countries in western Europe have even higher percentages of total debt and Japan is now at 1300%. This is private and public debt.

It seems that debt is no longer talked about, maybe hoping that if ignored it will not be relevant, but it will soon become unsustainable. Debt service of interest on the debt is now 7 % of the federal budget. If interest rates remain high that number will explode, as old debt was often paying only 1%, it will soon be replaced by more expensive debt, growing to the point that just servicing the federal debt could rise to 25% of the budget.

While most people have believed that federal debt is irrelevant to their lives, they are mistaken. This debt translates into inflation in the price everything you buy, especially in necessities like energy and food. It needs to be understood that deficits reduce the buying power of the dollar and while we say prices are rising, in effect, the value of this money is being devalued. It is also reducing the buying power of your savings, 401K and any investments denominated in U.S. currency. 

This is far better understood by foreign countries who are in the process of trying to replace dollar transactions by trading in currencies that can be a better store of value. This is difficult as all fiat or non backed currencies are in reality a risky store of value. The hope is that a method of commerce can be found that is backed by gold.

It appears that Federal deficits and debt will continue to increase at an alarming rate, as much of the budget is locked in with social spending and interest payments, that are not easily cut. Military spending and money transfers to allies are also increasing. 

While many hope to decrease deficits by increased taxes, this will be a fools path, as it will transfer more of the wealth of the nation to the federal purse, that seems to have no restraint and no incentive to be frugal. With the federal share of the Gross domestic product at near 25%, giving them more will translate into more inefficiency and a declining revenue stream.

It seems this path will not be broken by any election results. The bureaucracy will continue to demand more spending and the entrenched government workers more pay to offset inflation. We can expect strikes and a general increase in the cost of everything for the foreseeable future. This may soon become an era of hyperinflation and the blame placed by government officials on everyone but themselves.

Inevitably all this will make the U.S. less competitive in world markets and less wealthy as a nation.

Biden foreign policy disaster.

GLOBALIZATION, U.S. INFLUENCE DECLINES

EUROPE, LAST MEN STANDING WITH U.S.

While Joe Biden likes to boast about the unity of NATO in the Ukraine conflict, it seems to be the only arena standing with the U.S. foreign policy. While that unity is now intact, how long can it endure with severe economic problems forecast for western Europe. 

So far there has been some cooperation in the pacific area, but China is the basis for much of the economic performance of all the pacific rim countries. We now see economic retaliation coming from China, choosing to deal with partners not aligned with the United States. China is focusing its economic partnership with countries, BRICS members for one, that are interested in doing business without political or social engineering strings attached. This is a departure from the trend of global trade and global markets. These moves will have serious consequences for all involved. While it may have negative consequences in the short run for China, it may be a more positive long range plan.

The major countries of the Middle East have, by their actions, declared that they are no longer in lock step with the agenda coming out of Washington. They are firm in their commitment to continue to do business with China and Russia, while at the same time desiring to do business with Washington and the west but as independent sovereign nations. Attempts to force compliance economically or by declining to sell desired military equipment will only lead to more trade with Russia and China.  

We see similar trends coming out of Africa were there is a desire to end control from European former colonists. It will also have some economic impact on western European countries. 

The same tend is escalating in South America were major countries are shunning allegiance to any power and want to be able to trade with whoever is the most advantageous to their economic health.

While 30 years of interventionist U.S. foreign policy has been at the root of these developments, it has all culminated in the policies of the Biden administration. The refusal to address the legitimate security concerns of Russia, the refusal to support the negotiated Ukraine settlement in the spring of 2022 have all influenced the world, that has been watching.

The doubling down on threats and intimidation to those countries that wish to stay neutral have forced countries away.  The attempt to continue to undermine countries like Hungary, Georgia, India and Turkey have not forced submission but avoidance.

Biden has refused to have conversations with the leadership of Russia for near 2 years. He has alienated the leaders of China, that now refuse to have any conversations or meetings with him. He alienated the leadership of Saudi Arabia even before he took office, with his insults and threats. It is the first time that the G20 meeting will not be attended by the leaders of China and Russia.  This situation is because this meeting is going to be not be about economic cooperation but political division. India, who is hosting this meeting, is perplexed because they hoped that the meeting could be used to build bridges not more division.

As the world slides into more division, the United States, which is also severely divided, has little moral authority to influence anyone. With a fiscal policy that is headed for ruin, with social polices far out of accepted global norms, with a decline into political persecution and  prosecution, attempts at censorship and a questionable election system, the United States needs to get its own house in order, before it can ever be a world leader.

Leadership come not form threats and intimidation, but persuasion, if your house is in chaos, how can the United States persuade anyone.

New alliances, escalation, prelude to WAR.

 SIMILAR TO WW1 ALLIANCES, EXCEPT NOW NUCLEAR

NO SIGNS OF DE-ESCALATION

Of course we have all witnessed the expansion of the NATO alliance from 12 members during the cold war to now 30, an alliance that some believe had lost its purpose. For 70 years it was an alliance with little risk. Then after the break-up of the Soviet Union we saw this alliance used for intervention in the Middle East, North Africa and anywhere that its members could be enticed to support U.S. intervention. Now the era of little risk is over and with the attempt to expand NATO into Ukraine and Georgia the world is becoming a very dangerous place.

Not only has NATO expanded to include most of Europe with Russia the supposed enemy, it is now expanding to include Asia with China the designated enemy. While so far, Europeans are reluctant to join into an alliances that makes China their enemy, such alliances are proceeding at a very fast rate.

We have seen the U.S. enlisting Japan, Australia, South Korea and the Phillipines to sign onto a military alliance in an attempt to contain China. We have seen China now using economic retaliation against Japan and some nations in western Europe notably Germany. We  now see North Korea enabled with the addition of ICBM missiles that can reach every nation on earth. Now that overt threats against China and Russia have become the everyday narrative, they are preparing for total war as never before.

While these nations are preparing for war, much of the rest of world is now caught in the dilemma of choosing sides. Most would simply just like to go about the business of being independent non militarized counties. They would rather be focused on economic progress and hoping to improve the lives of their citizens. They are constantly under pressure to choose sides or be the subject of economic and even violent unrest in their country. This situation is not unlike the prelude to WW1 but much more comprehensive and dangerous. It truly does include the whole world and it is compounded by the ability of the leading opponents to destroy the world as we know it.

The escalation goes on, it is a daily narrative. There seems to be no attempt at stopping this madness. Any attempt to deescalate is either a sign of weakness or traitorous. Much of it has to do with hubris and a desire to rule the world. Only an intervention by some of the allies, and serious political leaders at home to say enough, will offer any hope of ending this rush to disaster.

Sales campaign for new Covid vaccine begins.

 COVID SHOTS WILL BE AN ANNUAL RITUAL

STEADY INCOME FOR PHARMA

It is being reported that the new covid variant is showing up in the United States. It is also being speculated that previous shots and natural immunity will not protect you from this new variant. A new upgraded vaccine is to be available by the middle of September. This new vaccine is specially formulated to protect from the new variant.

Amazing how they are now able to have a new vaccine even before the new variant appears, much like the annual flu shot. Of course, no one will be able to predict how effective this new vaccine may be. 

Many people have had up to 6 previous shots, but more is always better when it comes to covid vaccines. I suppose a booster will also be made available as soon as sales of the new vaccine start to slide. Maybe even a second booster. You can never be too safe in protecting your self and the community.

Usually a marketing campaign can cost billions of dollars, but today it is a free exercise in public safety. We will hear of the celebrities having the new variant, we will see politicians getting shots and also the shaming of those who just ignorantly believe they have had enough shots.

Then there is also the beginning of election season, maybe we will see counters of infections and deaths, government mandates and even shut downs. After all such distractions seemed very effective last time. But of course that was with a different president who didn't believe in science as much as the current president. 

So, it appears it is the season for new shots, time to buy pharma stock and watch in wonder as we hopefully will be saved by government and pharma collaboration.

U.S. goal in Ukraine made clear: Dead Russians.

 U.S. SENATORS REVEAL WHY WE NEED TO KEEP FUNDING WAR

FORGET EUROPE, FORGET U.S. MONEY, FORGET UKRAINE LIVES

As the debate heats up about how much more money is to be spent on the Ukraine war it is being revealed what is the real goal of this war. Senators, Linsey Graham, Mitt Romney, both republicans and Richard Blumenthal, a democrat have all remarked almost verbatim that dead Russians is the goal. It seems this in now the new talking point or narrative. No longer about democracy, which has become obvious, retaking Ukrainian provinces, which is now apparent. It is about damaging Russia, killing as many Russians as possible. All three have made it clear, that they feel this is the best money the U.S. has spent and that we are getting our money's worth, without the loss of U.S. lives.

This cynical narrative is a disgusting remark and shows just how out of touch with any objective view of morality or just cause our leaders thinking has become.

There is no consideration for the lives of Ukrainian young men who are being told they are winning, that they are heroes and that they will defeat Russia as long as they keep fighting. It is all a horrendous lie to perpetuate some kind of long range plan by U.S. politicians to degrade Russia and to not be embarrassed by their failed strategy.

There is no empathy for our allies in Europe who are seeing their quality of life being degraded, by sky-rocketing energy costs and a loss of their manufacturing competitiveness.

It is clear that this war is number 1 in priority, not the well being of any U.S. citizens or the safety and security of this country. With a $32 Trillion debt and growing every month, U.S. money is prioritized in death and destruction, a continuation of our foreign policy for the last 30 years.

There is no understanding or concern of how the standing of the United States is being diminished in the minds of citizens in other parts of the world as they see and hear this disgusting narrative.  They can only assume that their country and their young men could be next.

The warmongers in Washington are now so obsessed with this Ukraine war that they will sacrifice everything, and that may inevitably be the reality, to punish Russia for not submitting to their vision of ruling the world and demanding that the planet must submit to their view of social, political and economic supremacy.

This delusional and immoral vision is nothing new in human history, it has always ended badly, this time will not be an exception.