The Downfall of America........

[Hobo Hilton]

A few age old quotes:

Take the money and run.. This is exactly what big pharma has done for the past 5 years.
Close the barn door after the horse has bolted
Election year antics
A good commander is benevolent and unconcerned with fame. Sun Tzu


The Biden administration will subject dozens of drugmakers to inflation penalties, the White House said on Thursday, in a move that would reduce out-of-pocket costs for Medicare recipients.
President Joe Biden’s signature Inflation Reduction Act (IRA) includes a provision to penalize drugmakers for charging prices that rise faster than inflation for people on Medicare, a government program for those age 65 and older and the disabled.

Biden administration to impose inflation penalties on dozens of drugmakers

The Biden administration said on Thursday it will subject dozens of drugmakers to inflation penalties to reduce out-of-pocket costs for Medicare recipients.

www.cnbc.com

​

 

[Hobo Hilton]

Why Things Slightly Improving Makes Things Worse​

Why Things Slightly Improving Makes Things Worse

Here is the patented Briggs Path of Decadence Curve. The pattern is obvious. An overall gradual decline, interspersed with fairly regular upward swings of sanity. But with the same inevitable resul…

www.wmbriggs.com

 

[Hobo Hilton]

Selling off the foundation of America. We will see a day when there is nothing left to sell.
Then what ?

Japan's Nippon Steel to buy U.S. Steel in a $14.9 billion deal

Japan's Nippon Steel clinched a deal on Monday to buy U.S. Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker.

www.cnbc.com

 

[Hobo Hilton]

Following some of the national news stories this morning. Seems America is dealing with open border issues, funding foreign wars, rampant inflation and a lack of affordable housing.. To name a few. The big focus is on the Congress in DC and how these issues will be solved.

Not one of the news reporting services has pointed out that American's are putting faith in the same politicians that got us into this mess.

Doing the same thing over and over and expecting a different outcome.

Insanity.

 

[NoDopes]

"Between 9,000 and 12,000 illegal aliens poured over the US border per day in November.

More than 10 million illegal aliens have poured over the US border since Joe Biden was installed in January 2021."

https://www.thegatewaypundit.com/2023/12/governor-abbott-gives-texas-police-power-arrest-illegal/

 

[Hobo Hilton]

After just a month, migrants have taken to going door-to-door to the neighboring homes to ask residents for money, and residents are not happy, according to this, from The New York Post.

There’s definitely an invasion of immigrants from Floyd Bennett Field in our neighborhood and I see them sitting outside stores … outside the mall and going around to all the houses in the neighborhood, knocking on the door looking for money.
I certainly sympathize with their situation, but to have people knocking at your door looking for food that don’t speak English, it’s annoying. I don’t like it. We have never had this before, ever.”-Resident, David Fitzgerald

Migrants Will Beg, Borrow and Steal in New York City - Victory Girls Blog

New York City's Floyd Bennett Field has been the subject of controversy as of late with the migrants that have been bussed in about a month ago.

victorygirlsblog.com

 

[NoDopes]

Biden's broken borders, welfare, and America's coming collapse

America’s greatest economist ever was Milton Friedman. (Incidentally, the second greatest, a living treasure, is Thomas Sowell, who learned from Milton Friedman.) In an era before terrorists traveled across national borders, Friedman was a beli...

www.americanthinker.com

 

[Hobo Hilton]

The things America dealt with in 2023 are not sustainable. We are running out of $$$ and credit.

The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen — a spillover from the Israeli-Hamas war in Gaza — is injecting a new dose of instability into a world economy already struggling with mounting geopolitical tensions.
The risk of escalating conflict in the Middle East is the latest in a string of unpredictable crises, including the Covid-19 pandemic and the war in Ukraine, that have landed like swipes of a bear claw on the global economy, smacking it off course and leaving scars.

Paywalled

https://www.nytimes.com/2023/12/24/business/economy/global-economic-risks-red-sea.html

 

[Hobo Hilton]

We often quibble over the actual number of illegal's are here in America. Here is a recent "Government Number" - 14 million illegal immigrants
Now, that is only the one's in the system. I'd safely guess there are easily 28 million illegals in America. That number is growing, rapidly.
_________

Recent reports reveal the ‘National Instant Criminal Background Check System’ of the FBI holds records of nearly 14 million illegal immigrants in the system. This database is used to hold information on individuals who are disqualified from purchasing firearms. One America’s Chief White House Correspondent Monica Paige breaks down these latest findings.

FBI Gun Background Check Database Has Nearly 14M Entries Of Illegal Aliens

Recent reports reveal the 'National Instant Criminal Background Check System' of the FBI holds records of nearly 14 million illegal immigrants in the system.

www.oann.com

 

[NoDopes]

I read a study from over 10 years ago that said the 10-11M estimate is probably way under actual. They calculated it could be as high as 30M. This was 10 years ago!
Already, Biden has allowed over 10M more to cross over the border in just 3 years. Almost all of them getting welfare and many scamming the IRS into fake credits with fake returns.

 

[MadDuner]

The buses that somebody loads at the border keep unloading them by my work.... and it appears they are all from Africa. They aren’t walking from Africa to the Mexican border. Somebody is behind this - and I suspect pale blue helmets are involved.

 

[NoDopes]

The buses that somebody loads at the border keep unloading them by my work.... and it appears they are all from Africa. They aren’t walking from Africa to the Mexican border. Somebody is behind this - and I suspect pale blue helmets are involved.

There's has already been articles that the UN is assisting and funding a lot of this.
I.e. the US taxpayers is funding this.

 

[Emerson0311]

There's has already been articles that the UN is assisting and funding a lot of this.
I.e. the US taxpayers is funding this.

Yup. The WEF is not sitting on their laurels. Their principals are about to die of old age.

 

[Hobo Hilton]

American Industry is dying a "death by a 1,000 cuts".
________________________________
EPA declined to comment, citing its policy against commenting on pending litigation.

Biden admin appears to fabricate paper trail in pursuit of major chemical plant shutdown: court docs

The Biden administration appears to have manufactured a paper trail enabling it to pursue an aggressive environmental lawsuit to shut down a chemical plant in Louisiana.

www.foxnews.com

 

[Hobo Hilton]

Always interesting how the media buries crucial events under a mound of fluff.
Hot topics today are a door falling off of an airplane.
Warmed over Epstein stories.
Aaron Rodgers and Jimmy Kimmel.
Hunter Biden.

No mention of:
Ukraine war
Israel war
National debt
Refilling Strategic Oil Storage
Inflation
Lloyd Austin

 

[Hobo Hilton]

The US Government continues to gather your information.. In the name of "transparency".

Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners

Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database of that collects ownership information intended to help unmask shell company owners.

apnews.com

 

[Hobo Hilton]

The US Government will print more money to pay the interest on this debt. There is no plan to pay off the debt.
Your USD's will become worthless. Crypto will save the day... LOL
Inflation will not be tamed.
Plan accordingly.
______________

The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday.
For the October through December 2023 period, the budget deficit totaled just shy of $510 billion, following a shortfall of $129.4 billion in just December alone. The jump in the deficit pushed total government debt past $34 trillion for the first time.
Compared to last year, which saw a final deficit of $1.7 trillion, 2024 is running even hotter, up 52%.

U.S. deficit tops half a trillion dollars in the first quarter of fiscal year

The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.

www.cnbc.com

 

[Hobo Hilton]

U.S. Is In "Economic Comeback" Says Joe Biden - Victory Girls Blog

Economic

victorygirlsblog.com

 

[NoDopes]

Commercial real estate vacancy rate has just hit an all time at 19.6%. The problem is when the politicians already spending us into oblivion decides they also need to bail out all their friends.

 

[Hobo Hilton]

Commercial real estate vacancy rate has just hit an all time at 19.6%. The problem is when the politicians already spending us into oblivion decides they also need to bail out all their friends.

America has never seen a financial rabbit hole like this. Nothing in American history resembles these times.

 

[MadDuner]

America has never seen a financial rabbit hole like this. Nothing in American history resembles these times.

This may be the first time the occupants of the White House were purposely attempting to destroy the nation.

 

[Hobo Hilton]

This may be the first time the occupants of the White House were purposely attempting to destroy the nation.

I can not fathom a more chaotic situation than the collapse of America.
There are people waiting in the wings for that opportunity.

 

[Hobo Hilton]

The Biden administration unveiled a new regulatory proposal Friday that would introduce a new tax on the fossil fuel industry, punishing producers that exceed a certain level of methane emissions.

The Environmental Protection Agency (EPA), which spearheaded the proposal, said it will help "tackle wasteful methane emissions" from the oil and gas sector, encouraging facilities with the highest emissions levels to meet or exceed higher levels of performance. The proposed rules would create the so-called Waste Emissions Charge, which begins at $900 per metric ton of wasteful emissions in 2024, and increases to $1,200 for 2025 and $1,500 for 2026 and beyond.

Biden admin issues new natural gas tax in latest fossil fuel crackdown

The Biden administration is moving forward with new regulations introducing a tax on the fossil fuel industry's methane emissions, a proposal that could curb future production.

www.foxnews.com

 

[NoDopes]

What's the status of the SC ruling over agencies like the EPA that don't have constitutional authority to effectively pass laws as regulations. Let me guess, to avoid a "constitutional crisis" like ignoring a stolen election.. they aren't going to rule on that either.

 

[Hobo Hilton]

https://www.usdebtclock.org/

 

[Hobo Hilton]

"Failure of the System".
Anyone notice this phrase is popping up more and more often ?
Airplanes, politics, health care, vehicles, computers, judicial, banking, pharmaceutical ..... The list is long.
We have been hand fed this phrase for so long, we are numb when we hear it... Unless it has a direct effect on us, or family or our friends.

There was a failure of the system, shrug your shoulders and walk away.

Think about it.

 

[mosin46]

This may be the first time the occupants of the White House were purposely attempting to destroy the nation.

nope. clinton and obama were the 1st and 2nd in time.

 

[91Eunozs]

nope. clinton and obama were the 1st and 2nd in time.

I’d say Roosevelt … FDR, not Teddy. Though one could argue Woodrow Wilson was the one who laid the foundations for FDR. Fuck both of those guys.

 

[Hobo Hilton]

Government Pride:
A federal judge blocked JetBlue Airways’ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers.

Judge blocks JetBlue-Spirit merger in a major win for Biden's Justice Department

JetBlue's proposed $3.8 billion purchase of discounter Spirit would have produced the country's fifth-largest airline.

www.cnbc.com

 

[Hobo Hilton]

Allow me to play the "Devil's Advocate" for a moment.
The Homeless

Frequently I hear the comment "They chose to be homeless". I want to focus on that small percentage who made that choice.
Those people could be called visionaries. They are not dumb, not drug addicts or mentally ill. Few people become homeless over night. This group knew what their future looked like long in advance. They had a plan. Here is where they now reside.

With a little "creativity" they altered their financial records, dealt in cash, lived with relatives, etc. They placed their name on the waiting list long, long before anyone identified their plan. They fabricated and documented their own personal "sob story"... They got ahead of the curve. Call them bad actors.

As the House of Cards (America) begins to collapses, they are well situated. True, it is nothing fancy. A heated shelter, food, air conditioned in the summer, paved parking lot, medical care, fire and police protection... All paid for by other's. Not a bad gig.

Daily we hear stories similar to this:
My husband and I experienced financial difficulty after an emergency surgery that put me $35k into debt, a miscarriage, and then a hernia repair surgery shortly after that. All within two years- the miscarriage and hernia repair being just weeks apart.
If we weren't able to "rent" from my parents right now, we would probably be living in our car. The world is scary and I don't think all homeless people are inherently bad or worthless.

American's are maxed out on credit, driving a car in need of repair, kids eating free at school, no savings and one layoff from living in their car.
Without some quick, extreme changes in culture, government and environment... Those now living in homeless shelters will be making out like bandits.

A lot of money being made off of "the homeless".. business is good.

Look around. The world has changed. It will not be going back to the good old days of the 60's. Try to stay ahead of the curve.

Homeless Programs — Missoula Housing Authority

MHA leads the community in permanent housing solutions for people experiencing homelessness and works in close collaboration to prevent, shorten and eliminate homelessness. Most programs are done in conjunction with the Missoula Coordinated Entry System.

www.missoulahousing.org

https://newstalkkgvo.com/tsos-hard-shelter-missoula-homeless/

 

[Hobo Hilton]

Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers

The Biden administration announced Friday it would forgive $4.9 billion in student debt for 73,600 borrowers.

www.cnbc.com

 

[Hobo Hilton]

In the final analysis, Pesloe said, “We have to move beyond your grandfather’s electric grid.”

https://oilprice.com/Energy/Energy-General/US-Power-Infrastructure-Tested-by-Ongoing-Component-Shortages.html

 

[Hobo Hilton]

The FED Reserve has lost credibility.

A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes their actions but does not accuse either of doing anything illegal.
The report released Monday by the Fed’s Office of Inspector General takes issue with trades made by former regional presidents Robert Kaplan of Dallas and Eric Rosengren of Boston.
Both men left their posts in September 2021 — Kaplan to early retirement and Rosengren for medical reasons — amid criticism over trading that ultimately saw Fed Chair Jerome Powell and Governor Richard Clarida come under question along with Atlanta Fed President Raphael Bostic.

Watchdog report is critical of former Fed officials in stock trading controversy

A review into market trading from two former high-ranking officials criticizes their actions but does not accuse either of doing anything illegal.

www.cnbc.com

 

[DIBBS]

^^^^^ Insider trading, just like the Senate and Congress ? ^^^^^

I'm not shocked.

 

[Rthur]

The FED Reserve has lost credibility.

A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes their actions but does not accuse either of doing anything illegal.
The report released Monday by the Fed’s Office of Inspector General takes issue with trades made by former regional presidents Robert Kaplan of Dallas and Eric Rosengren of Boston.
Both men left their posts in September 2021 — Kaplan to early retirement and Rosengren for medical reasons — amid criticism over trading that ultimately saw Fed Chair Jerome Powell and Governor Richard Clarida come under question along with Atlanta Fed President Raphael Bostic.

Watchdog report is critical of former Fed officials in stock trading controversy

A review into market trading from two former high-ranking officials criticizes their actions but does not accuse either of doing anything illegal.

www.cnbc.com

I'll bet the SEC is going to jump all over their ass, right? Right?...

R

 

[Hobo Hilton]

Untenable

The Federal Reserve quietly lost a fortune in 2023 as interest it pays out to banks swamped the interest it earns on its bond portfolio, data released by the central bank Friday showed.
The Fed said it lost roughly $114.3 billion in 2023, its largest-ever annual loss.
The losses occurred because the money the Fed pays banks for reserves held at the central bank exceeded the interest earned on the mortgage and Treasury bonds it holds. The Fed has been raising the interest rate paid on reserves alongside the hikes on the benchmark federal funds rate to stem the worst inflation in forty years.

https://www.breitbart.com/economy/2024/01/15/federal-reserve-payments-to-banks-trigger-largest-ever-operating-loss/

 

[DIBBS]

It would be nice if the national news would cover the above in detail, but they are part of the communist socialist Democratic Party and it isn't part of the "narrative".

What is propping up the stock market, more monopoly play money from the Fed? I thought I heard that the market posted a record high or something in the last few days.

I'm just shaking my damn head at all of it.... and waiting for another crash, plague, false flag, etc. With an election year, its already in the plans.

Worst inflation in 40 years... but , but, but Mr. Potato Head said the economy is booming and new jobs and.... other propaganda.

MSM/NBC/CBS... wont see the inflation information on the morning shows/evening news.

 

[Hobo Hilton]

It would be nice if the national news would cover the above in detail, but they are part of the communist socialist Democratic Party and it isn't part of the "narrative".

What is propping up the stock market, more monopoly play money from the Fed? I thought I heard that the market posted a record high or something in the last few days.

I'm just shaking my damn head at all of it.... and waiting for another crash, plague, false flag, etc. With an election year, its already in the plans.

Worst inflation in 40 years... but , but, but Mr. Potato Head said the economy is booming and new jobs and.... other propaganda.

MSM/NBC/CBS... wont see the inflation information on the morning shows/evening news.

Every individual in America sees "things" from a different perspective. Those of us who are "realistic" see the glass as half empty. Those who are optimistic see the glass as half full and expect things to get better. By hiding in denial, many build a false sense of security and believe things will get better. The future conditions being discussed here are terrifying to many. Factor that into your planning.

The phrase "... never been seen before..." is being heard routinely in conversations, news cast and blogs. That, in itself, tells me America is in uncharted waters.

 

[Hobo Hilton]

American's paying more and getting less when buying a house.
This has gone on for so long, it is the norm.

WASHINGTON (January 26, 2024) – Pending home sales in December elevated 8.3%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions while the Northeast recorded a loss. The Midwest, South and West also registered year-over-year increases while the Northeast had a decline in transactions compared to last year.

What is the Law of Large Numbers?

In the financial context, the law of large numbers suggests that a large company that is growing rapidly cannot maintain that pace forever...

tradebrains.in

https://www.nar.realtor/newsroom/pending-home-sales-climbed-8-3-in-december

 

[Rthur]

Untenable

The Federal Reserve quietly lost a fortune in 2023 as interest it pays out to banks swamped the interest it earns on its bond portfolio, data released by the central bank Friday showed.
The Fed said it lost roughly $114.3 billion in 2023, its largest-ever annual loss.
The losses occurred because the money the Fed pays banks for reserves held at the central bank exceeded the interest earned on the mortgage and Treasury bonds it holds. The Fed has been raising the interest rate paid on reserves alongside the hikes on the benchmark federal funds rate to stem the worst inflation in forty years.

https://www.breitbart.com/economy/2024/01/15/federal-reserve-payments-to-banks-trigger-largest-ever-operating-loss/

Take that out of the taxes they don't pay.
Line of shit, what was the interest they earned from a fucking crazy US/money fairy borrowing scam?
How about the tax payer fucking bail out?

R

 

[Hobo Hilton]

Take that out of the taxes they don't pay.
Line of shit, what was the interest they earned from a fucking crazy US/money fairy borrowing scam?
How about the tax payer fucking bail out?

R

 

[Hobo Hilton]

I helped build some of the first computer chip factories (FAB's). To the best of my memory, they were all financed by private industry. Appears that every time the US Government dabbles in things that were private industry there is nothing but chaos.
One more time:

Jan 27 (Reuters) - President Joe Biden's administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel (INTC.O), opens new tab and Taiwan Semiconductor Manufacturing Co (2330.TW)
, opens new tab to help build new factories in the U.S., the Wall Street Journal reported on Saturday.
The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

https://www.reuters.com/markets/us/us-announce-billions-subsidies-advanced-chips-wsj-2024-01-27/

 

[Hobo Hilton]

 

[Hobo Hilton]

Not a secure feeling

Bombshell report: UN handing out $1.6 BILLION through NGOs, helps give debit cards to illegal immigrants

US taxpayers are funding our own demise through our financial support of the United Nations, which is laundering that mon...

lawenforcementtoday.com

 

[Hobo Hilton]

 

[MadDuner]

Coming to a power substation or natural gas pumping station soon…. And the Biden administration and Homeland Security will instantly suspect MAGA white supremacist domestic terrorist school board attending Trump voters.

 

[Hobo Hilton]

Over the past few years, there has been an increasing number of construction "accidents". More unqualified contractors and workers. Shoddy workmanship resulting in buildings and structures collapsing before they are even completed. Material shortages resulting in Jerry rigging to get by.
One example:

Idaho building collapse on Boise Airport property leaves 3 dead, 9 injured: 'Catastrophic'

A building reportedly collapsed in Boise, Idaho, on Wednesday, killing three people at the scene and injuring nine more.

www.foxnews.com

 

[IronSkillet]

Would like to see the tattoos.

 

[theLBC]

i watched nefarious again. i think that is a fairly good explanation for the fall of everything.

 

[Hobo Hilton]

1 hour ago

Soft landing for the economy? How about no landing? The U.S. is still growing fast.​

By Jeffry Bartash
The U.S. economy was suppose to slow by now and achieve a "soft landing" because of higher interest rates orchestrated by the Federal Reserve to tame inflation.
It hasn't.
The economy grew at a gangbuster 4.9% pace in the third quarter and a robust 3.3% clip in the final three months of 2023.
Early forecasts for the first quarter of 2024 also show that gross domestic product could be growing at a 3%-plus pace.
How strong is that?
The natural rate of growth in the U.S. is estimated at around 1.8% a year. That's how fast it supposedly can grow without stoking inflation or causing other problems in the economy.
In any case, economists and Fed officials just six months ago were expecting the economy to slow to 1.5% or considerably less. Some even forecast a mild recession starting early in the new year.
The strong jobs reports in December and January would appear to put the expectation of a sharp slowdown to rest.