==REMEMBER WHEN YOU HAD A SAY IN WHAT
GOVERNMENT SPENT YOUR MONEY ON?==
A dried up pickled asshole could beat Biden!
DeSantis says he can beat Biden in 2024
"I won with independents by 18 points and so that will be the same formula that we would take," he said.
https://justthenews.com/politics-policy/desantis-says-he-can-beat-biden-2024
“With the Blink of a Silicon Valley Casino Eye, the FED Completely Reverses Policy Without Telling People” – Dr. Peter Navarro
The Biden Administration doesn’t appear to have a clue what it’s doing according to Dr. Peter Navarro.
The Biden gang crushed the economy with massive spending that led to inflation that led to interest rate hikes that have ignited a banking crisis.
Now the Biden gang is allowing banks whose assets are 30 cents on the dollar to exchange these government bonds for FED cash (a deal that the banks would never do themselves) and taking on more debt which will cause more inflation and the circle goes round and round. What a mess.
Dr. Navarro shared the following at his substack channel.
Fed Chair Powell is keeping Joe Biden’s bailout promise in two ways: one by opening the Fed’s discount window and two through something called the Bank Term Funding Program. Distressed banks can take out 90 day loans from the Fed through the discount window and up to a year through the new program. And here is the kicker:
In the past, the Fed’s discount window has fulfilled the Fed’s function as “lender of last resort,” but in the past if a bank needed to borrow money, it had to provide collateral, typically in the form of government bonds. But, to ensure that it would get paid back, the Fed would discount how much it would actually give back in the same way that a pawnshop will take a valuable item from you and give you cash but not enough cash to cover the full value of the item in case you don’t come back for it.
In this case, however, the Fed is providing not just the full value of the bonds but the face value of the bonds. Remember here that the banking system is in crisis because in a period of rising interest rates and therefore falling bond prices, their bond holdings have lost value. Therefore they have what’s called “unrealized losses.” If they can hold the bonds to maturity, they do not have to accept the loss; but with depositors leaving their banks in droves, many had been forced to liquidate and that is the cause the ensuing credit crunch and crisis.
So, what the Fed is offering again is not just the value of the bond at this point in time with its unrealized losses but rather the full face value of the bond; and any bank in this country no matter how minor or severe the crisis would be a fool not to go to the discount window and get rid of any bonds they need to. That’s right, that’s exactly what is happening. They are not going there for loans. They’re going there simply to dump the bonds off, default on the bonds, and leave the Fed holding that bag on its balance sheet.
Just last week, America’s banks collectively sucked $164.8 billion out of the Fed’s discount window, which blew past the record of $111 billion established in the heat of the 2007-2008 crash. Yes, this is how serious this one is.
Dr. Navarro also shared with Steve Bannon on the War Room, the following money quote –
With the blink of a Silicon Valley Casino eye, the FED completely reverses policy without telling people.
The Biden gang is lost. They don’t know if they are up or down.
https://www.thegatewaypundit.com/2023/03/with-the-blink-of-a-silicon-valley-casino-eye-the-fed-completely-reverses-policy-without-telling-people-dr-peter-navarro/
DOJ-Employed Attorney Secretly Met with Chinese Ambassador
A mostly glossed-over scandal shows how Chinese Communist Party (CCP) influence is wielded through the justice system in America, in order to peddle America Last economic interests as well as destroy the free speech rights of dissidents.
The CCP-driven conspiracy centers around former Department of Justice attorney George Higginbotham.
He worked as a Senior Congressional Affairs Specialist for the Department of Justice from 2016 to 2018 before being forced out after being implicated in a foreign embezzlement scheme for the 1Malaysia Development Berhad (1MDB).
1MDB was being used as a vessel by CCP-affiliated interests in order to fuel a diabolical lobbying campaign targeted at Miles Guo, the fiercely outspoken opponent of the CCP whose anti-communist stances have amassed a great deal of publicity in recent years.
The aim is to put Guo behind bars so he can no longer effectively agitate against communist totalitarianism.
One major detail in this story is how Higginbotham met with the Chinese Ambassador to the United States Cui Tiankai, acting not as an official doing the business of the United States but rather as a well-paid pawn of a CCP-led conspiracy to expel a legitimate refugee whose core freedoms are under attack and life is being threatened by an authoritarian regime.
The meeting between Higginbotham and Cui, the details of which have not been disclosed to the public, (or not widely known), was such a success in the eyes of the CCP infiltrators that “tens of millions of dollars” were moved from a Chinese company to bank accounts controlled by their U.S. pawns.
It was a total of $3 billion that went into this scheme, and it reached the highest levels of the federal apparatus.
According to the plea document signed by Higginbotham, he received “approximately $41 million” in his escrow account that “would be released in the event the lobbying campaign was successful” in having Guo booted from the United States and sent to China to be tortured by CCP apparatchiks in a modern Gulag.
Higginbotham was ultimately cast as one of the fall guys as the scheme unraveled.
Higginbotham would be prosecuted for his actions and plead guilty to conspiracy to deceive banks about millions of dollars in foreign lobbying funds.
The feds and their media partners cast Higginbotham as a rogue agent who worked with shady Malaysian businessman Jho Low, rapper Prakazrel “Pras” Michel, disreputable Republican fundraiser Elliott Brody, Hawaiian businesswoman Nickie Mali Lum Davis, and others, focusing on the greed and the peculiar aspects of the entire plot.
https://www.thegatewaypundit.com/2023/03/doj-employed-attorney-secretly-met-with-chinese-ambassador/