I want to reach a larger audience and I need your help. Thanks.
I want to reach a larger audience and I need your help. Thanks.
"A society grows great when old men plant trees whose shade they know they shall never sit in." -- Greek proverb
An investigation by El Universal found that between the years 2000 and 2012, the U.S. government had an arrangement with Mexico's Sinaloa drug cartel that allowed the organization to smuggle billions of dollars of drugs while Sinaloa provided information on rival cartels.
Sinaloa, led by Joaquin "El Chapo" Guzman, supplies 80% of the drugs entering the Chicago area and has a presence in cities across the U.S.
There have long been allegations that Guzman, considered to be "the world’s most powerful drug trafficker," coordinates with American authorities.
But the El Universal investigation is the first to publish court documents that include corroborating testimony from a DEA agent and a Justice Department official.
Wild and unsubstantiated allegations made in a hearing last week that dozens of elected officials, including state lawmakers, are secretly on the payroll of a Mexican drug cartel have roiled the legislature.
While top Republicans have denounced the allegations as “disgraceful” and an “embarrassment,” no one is taking responsibility. Instead, leaders are blaming each other and a freshman GOP legislator who supposedly organized the day’s agenda.
Senate President Warren Peterson said that the day-long joint hearing of the House and Senate election committees on Feb. 23 was the work of Rep. Liz Harris, a freshman Republican and prominent election conspiracy theorist who has deep ties to QAnon. The joint hearing was requested by both Harris and House Speaker Ben Toma, he said.
The Senate, Petersen said, was unaware that the final speaker of the day would allege that Gov. Katie Hobbs, several Maricopa County Supervisors, a dozen Maricopa County Superior Court judges and the mayor of Mesa were taking bribes from the Sinaloa drug cartel in the form of money laundered through a housing deed scam. Nor did they know she would accuse the lawmakers listening to her of being in on the scam.
Judicial Watch today announced that a court hearing was held (audio) in the U.S. Court of Appeals for the DC Circuit on Friday, March 10, 2023, in the Freedom of Information Act (FOIA) lawsuit against the U.S. Department of Justice for records of communication between the Federal Bureau of Investigation (FBI) and several financial institutions about the reported transfer of financial transactions made by people in DC, Maryland and Virginia on January 5 and January 6, 2021(Judicial Watch v. U.S. Department of Justice (No. 1:21-cv-01216)).
The appeal was heard by a three-judge panel: Circuit Judge Wilkins, and Senior Circuit Judges Rogers and Tatel. An audio of this morning’s hearing can be found here: https://www.youtube.com/live/Hfa6qg4SEyA
Judicial Watch filed its appeal in November 2022, challenging a U.S. District Court for the District of Columbia decision allowing the FBI to withhold records of communication between the Federal Bureau of Investigation (FBI) and several financial institutions about the reported transfer of the financial transaction records.
Back in September, I laid out the math that showed why the Fed would fold and laid out a series of risks that may cause such an event. One of those risks was “What if the financial markets freeze because there is a credit event somewhere?”.
Well, that just happened. Silicon Valley Bank (SVB) and now Signature Bank has collapsed. Sure enough, the Fed folded within 48 hours. They stood with the Treasury and FDIC and explained how they are stepping in to prevent systemic risks from spreading. They have established a new Bank Term Funding Program (BTFB) to allow banks to borrow billions and blah blah… Sure, okay. Everything is now fine, right?
Nope, sorry, it’s not. SVB is just the latest domino. The dominos have been moving down the risk curve. It started in Crypto with Three Arrows Capital and Luna. Then FTX was exposed for being a fraud. We were told these issues were contained. And they were! SVB didn’t collapse because of FTX contagion or anything related to Crypto. It collapsed all on its own because it was the next step along the risk curve. Let’s do a quick replay…
SVB gets tons of cash and capital all through 2021. They have so much cash they don’t have anywhere to put it. They could go into Treasury Bills, but that was yielding 0.25%, so they decide to take a bit more risk. They buy longer-dated treasuries to get more yield. NOT Bitcoin, NOT high-risk stocks. They bought some of the safest securities you can buy… US Treasuries. The mistake they made was forgetting to hedge their interest rate exposure… whoopsie.
US President Joe Biden pledged on Monday to do whatever was needed to address a banking crisis threatened by the collapses of Silicon Valley Bank and Signature Bank which forced regulators to step in with emergency measures.
Biden's address came after weekend moves by the United States to guarantee deposits at collapsed tech-focused lender SVB failed to reassure investors about the health of other banks around the world.
Europe's STOXX banking index fell 5.8% on Monday and was on track for its biggest two-day fall since March 2022, soon after Russia invaded Ukraine. Germany's Commerzbank fell as much as 12.7%, while Credit Suisse hit a new record low after falling more than 15%.
This month, ICAN’s attorneys reviewed a startling 2,237-page report from June 2020 (amended in September 2020) that Pfizer submitted to the FDA concerning its mRNA COVID-19 vaccine.
The study looked at the toxicity of Pfizer’s vaccine using four different doses (including the one eventually authorized for emergency use, BNT162b2) and involved 255 rats (219 received vaccine, 36 received control) for a test period of 10 to 17 days with “3 additional weeks for the animals scheduled for the recovery period.”
One would imagine that, since the vaccine was authorized, approved, and injected into millions, the rats did not experience any negative health effects. Sadly, that is not the case.
While the Pfizer claims in the report that the rats tolerated the vaccines “without evidence of systemic toxicity,” its detailed findings indicate that was anything but the truth, as the following issues in major organs groups were observed:
Enlarged adrenal glands
Enlarged lymph nodes
Kidney and liver congestion
Increased fibrinogen concentration
All of these issues clearly show effects beyond the injection site. Of particular concern is the increased fibrinogen concentration; fibrinogen is made in your liver and helps your blood clot. Increased fibrinogen is associated with blood clotting, heart disease, blood vessel dysfunction, and stroke. These issues were also seen with the dose level that was eventually licensed.
Depending on which side of the climate situation you stand, you’ll view President Biden’s action as either “protecting” 16 million acres or “blocking” 16 million acres.
You’ll find headlines of either stance all over the internet following the announcement that his administration is indefinitely blocking 16 million acres of federal land and water in Alaska from future fossil fuel drilling.
The Department of Interior (DOI) set out to make rules related to 13 million acres of land that was side aside by Congress for resource development.
The DOI wanted to “establish maximum protection” for the land across the National Petroleum Reserve (NPR) located in North Slope Borough, Alaska.
Trading was temporarily halted in dozens of regional banks this morning as shares fell by up to 75 percent when the market opened after Joe Biden claimed 'US banking is safe.'
Major US banks were also hit as contagion fears spread through the sector with Wells Fargo plummeting 7.5 percent, Bank of America falling 7.4 percent, Citigroup plunging 5.8 percent and JP Morgan down 2.7 percent.
Regional bank Western Alliance saw its stock price plunge by three quarters as the opening bell sounded on Wall Street, while shares in First Republic dived 67 percent and PacWest by more than 35 percent. Trading circuit breakers were swiftly implemented to protect the market from rampant volatility.
Biden addressed the nation from the Roosevelt Room in the White House as he attempted to avert a broader catastrophe from sweeping the financial system following the collapse of Silicon Valley Bank on Friday.
'Americans can have confidence that the banking system is safe,' he said just minutes before the market opened.
Teachers and activists are pushing for high schools to drop their calculus courses to increase equity as many minority and low-income students don’t have access to the class, according to The 74, a nonprofit news organization covering education.
In the 2017-2018 school year, 76% of schools with “low student of color enrollment” offered calculus while 52% of schools with a high proportion of students of color offered the advanced math course, according to a Learning Policy Institute report. The course, teachers and activists argued, is disproportionately offered to students not of an underrepresented group, giving other students an advantage in the college admissions process, according to The 74.
“I am rightfully worried that the disproportionate focus on calculus is unfairly excluding students, particularly students who come from backgrounds that have been historically excluded — and are still being excluded — from STEM majors and the well-paying careers that can follow,” Sarah Spence Adams, professor of mathematics at Olin College of Engineering in Needham, Massachusetts, told the outlet.
Hundreds of thousands of American lives lost because those in China and Mexico are attacking the United States with the deadly fentanyl epidemic.
A million dead because of a virus that most likely leaked, or was released, from a Chinese laboratory.
Untold numbers of innocent Afghanis turned over to the terrorists in the Taliban – with dire results.
All of these actions have been allowed by Joe Biden, and they amount to treason, according to David Horowitz.
Did you think that the Federal Reserve would just stand by and watch the U.S. banking system completely collapse? In response to the stunning failures of Silicon Valley Bank and Signature Bank, the Federal Reserve announced a rescue plan on Sunday evening that is going to radically change banking in America forever.
All deposits at Silicon Valley Bank and Signature Bank will be fully guaranteed and will be available on Monday. Of course, the Federal Reserve can’t just make an exception for these two banks. If they are going to do this for them, that means that they are going to have to do it for everyone else too.
So what this means is that from this point forward the Federal Reserve is essentially promising to guarantee every bank account in America. Considering the fact that more than 19 trillion dollars is deposited with U.S. banks, that is quite a promise to make.
A British Airways pilot has collapsed and died suddenly after suffering a heart attack shortly before he was due to fly a packed passenger jet.
The pilot, who hasn’t been identified by the airline, died at a hotel in Egypt after collapsing unexpectedly.
He was on his way to Cairo Airport to fly a British Airways (BA) plane back to Heathrow in the UK.
There were roughly 200 passengers aboard the flight that the deceased pilot was due to fly.
The pilot was with the rest of his fellow crew members when he collapsed as they prepared to travel to the airport, according to reports.
The flight crew gave first aid to their colleague in the foyer of the hotel in Cairo after he had a heart attack.
When you think of a household budget, you probably consider how much money you can spend based on your available income during a certain period of time. President Biden’s 2024 “budget” is less an exercise in matching income with expenditures and more an exercise of seeing how big he can grow the government until the entire house of cards comes crashing down.
This would be dangerous at any point in time. It is more so given the current financial backdrop.