Political stalemate frustrates the public while elite politicians remain unaffected, prioritizing their interests over citizens’ struggles.
One Nation Under Elitists’ Rule
One Nation Under Elitists’ Rule
Tag: Bailouts
Trump’s NEW Executive Order Could WIPE OUT Your Retirement
In this episode of 51-49, James breaks down Trump’s new executive order opening 401ks to private equity — exposing how a $3.6 trillion bubble of failing companies could be dumped into your retirement, why even Harvard and Yale are scrambling to get out, and how Wall Street plans to use ordinary Americans as exit liquidity in a disguised bailout.
Political Footprint of the Military Industry
For over two decades, the military industry has consistently spent more than $100 million per year lobbying policymakers to influence policies and spending decisions that support its financial interests. In addition to these lobbying expenditures, the industry contributes tens of millions of dollars to political candidates and committees each election cycle. The sheer scale of this spending buys significant political influence, and the data suggests that this approach is paying off.
Trump and Biden, Republicans and Democrats all agree: affordable Chinese cars should be banned
Related:
Trump’s attacks on Chinese cars strike a chord — with both parties
“Ohio knows all too well how China illegally subsidizes its companies, putting our workers out of jobs and undermining entire industries from steel to solar manufacturing,” Brown said in a statement. “We can’t wait for China to run this same playbook in the auto industry — we need strong rules, including but not limited to tariffs, to stop a flood of Chinese electric vehicles that threaten Ohio auto jobs.”
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He said the average price gap between a Chinese vehicle and its U.S.-made counterpart ranges from 44 percent to 179 percent. “That is a massive gap,” the executive said. “Tariffs alone aren’t going to take care of that.”
Reuters: Mexico yields to US pressure on incentives for Chinese car makers
He said that such incentives have declined during the government led by President Andrés Manuel López Obrador, who took office in late 2018, although they have been offered to large investors such as Audi.
Hypocrisy, Thy Name is the United States:
Read More »US Foreign Policy Is a Scam Built on Corruption
US foreign policy seems to be utterly irrational. The US gets into one disastrous war after another — Afghanistan, Iraq, Syria, Libya, Ukraine, and Gaza. In recent days, the US stands globally isolated in its support of Israel’s genocidal actions against the Palestinians, voting against a UN General Assembly resolution for a Gaza ceasefire backed by 153 countries with 89% of the world population, and opposed by just the US and 9 small countries with less than 1% of the world population.
US Foreign Policy Is a Scam Built on Corruption
Sidelined on UAW strikes, Biden White House talks economic aid
WASHINGTON, Sept 19 (Reuters) – As the UAW strike enters its fifth day, the Biden administration is hobbled by a lack of legal authority to steer the talks and difficulty in figuring out UAW President Shawn Fain’s negotiating strategy and leadership style, three sources said.
Sidelined on UAW strikes, Biden White House talks economic aid
Yellen secretly yells for China’s help
By Herman Tiu Laurel
The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.
Yellen secretly yells for China’s help
Related:
The Big Names That Got Backstop for Billions in Uninsured SVB Deposits
(Bloomberg) — When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small tech startups and prevented what could have been a catastrophic blow to a sector that relied heavily on the lender.
Big VC, Tech Got Backstop for Billions in Uninsured SVB Deposits (archived)
Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine
At a press conference Sunday following the G7 summit in Hiroshima, Japan, President Joe Biden called on Republican House Speaker Kevin McCarthy to meet face to face to revive talks on a bipartisan plan to slash social spending in return for raising the nation’s debt ceiling and averting a default.
Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine
Academic Study Finds that One of the Four Largest U.S. Banks Could Be at Risk of a Bank Run
The systemic threats to the U.S. financial system were not remedied when Congress passed the watered-down Dodd-Frank financial reform legislation in 2010. While that has been evident with each Federal Reserve bailout of the mega banks and their derivative counterparties, the threat has now gained increased urgency for Congress to confront as a result of a new academic study. A team of four highly-credentialed academics at four separate universities present compelling evidence that one of the four largest U.S. banks, with “assets above $1 trillion,” could be at risk of a bank run.
Academic Study Finds that One of the Four Largest U.S. Banks Could Be at Risk of a Bank Run
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