New Peter Schiff Interviews: We’re in a Stealth Bull Market for Gold
On Thursday, Peter appeared on OAN’s Real America with Dan Ball to discuss the U.S. Strategic Petroleum Reserve, the costs of home ownership, and the debt crisis. Peter argues the Biden administration won’t be able to refill the reserve, given oil’s 22% price increase this year. With the CRB exploding, Jerome Powell’s claim that inflation is coming down seems unlikely to be true.
Inflation is hitting home ownership even harder. With higher mortgage rates aside,
“It costs more to maintain the home once you buy it, because insurance costs are through the roof. The maintenance costs have gone through the roof. Taxes are going up. Everything about home ownership is going up! Some people are lucky because they locked in a fixed-rate mortgage, but the flip-side of that is that all of our banks are insolvent, because they own these mortgages, and they’re losing money on them.”
Peter also appeared on Friday’s Claman Countdown on Fox Business to discuss the stealth bull market in gold. When asked why gold’s rise hasn’t slowed down at all, Peter said,
“Inflation is going to keep going up— that’s why gold is rising. It’s a signal that the monetary policy is wrong, that Powell’s rate cut could go down as the biggest mistake the Fed has ever made, and they’ve made a lot of mistakes, so that’s saying a lot. In fact, they should be raising interest rates, but the gold traders know that Powell is too afraid to raise interest rates because he’ll cause a financial crisis.”
Commodity prices are skyrocketing, but there’s still an opportunity to get in on the gold surge. Peter thinks precious metals mining stocks are a great financial play since they’ll eventually catch up to gold:
“I think that these mining stocks are going to explode, almost any day. This week, the GDX, which is an index of senior gold mining stocks, is up 7%. GDXJ, which is junior mining stocks, is up 9%, but these stocks are still dirt cheap. They’re barely positive on the year, because the whole time gold was rising, everybody expected it to fall.”
If gold is telling us anything this week, it’s that the Fed is completely wrong on inflation, and more rate cuts will only make things worse.
Alex Jones Responds To Revelation That FBI/CIA Attempted To Silence Him And Shut Down Infowars
Tyranny by the Numbers: The Government Wants Your Money Any Way It Can Get It
The government wants your money.
It will beg, steal or borrow if necessary, but it wants your money any way it can get it.
This is what comes of those $1.2 trillion spending bills: someone’s got to foot the bill for the government’s fiscal insanity, and that “someone” is the U.S. taxpayer.
The government’s schemes to swindle, cheat, scam, and generally defraud taxpayers of their hard-earned dollars have run the gamut from wasteful pork barrel legislation, cronyism and graft to asset forfeiture, costly stimulus packages, and a national security complex that continues to undermine our freedoms while failing to making us any safer.
Americans have also been made to pay through the nose for the government’s endless wars, subsidization of foreign nations, military empire, welfare state, roads to nowhere, bloated workforce, secret agencies, fusion centers, private prisons, biometric databases, invasive technologies, arsenal of weapons, and every other budgetary line item that is contributing to the fast-growing wealth of the corporate elite at the expense of those who are barely making ends meet—that is, we the taxpayers.
According to the number crunchers with the Committee for a Responsible Federal Budget, in order to spend money it doesn’t have on programs it can’t afford, the government is borrowing roughly $6 billion a day.
Basically, the U.S. government is funding its existence with a credit card.
Let’s talk numbers, shall we?
The national debt (the amount the federal government has borrowed over the years and must pay back) is more than $34 trillion and will grow another $19 trillion by 2033.
The bulk of that debt has been amassed over the past two decades, thanks in large part to the fiscal shenanigans of four presidents, 10 sessions of Congress and two wars.
It’s estimated that the amount this country owes is now 130% greater than its gross domestic product (all the products and services produced in one year by labor and property supplied by the citizens).
In other words, the government is spending more than it brings in.
The U.S. ranks as the 12th most indebted nation in the world, with much of that debt owed to the Federal Reserve, large investment funds and foreign governments, namely, Japan and China.
Interest payments on the national debt are more than $395 billion, which is significantly more than the government spends on veterans’ benefits and services, and according to Pew Research Center, more than it will spend on elementary and secondary education, disaster relief, agriculture, science and space programs, foreign aid, and natural resources and environmental protection combined.
According to the Committee for a Reasonable Federal Budget, the interest we’ve paid on this borrowed money is “nearly twice what the federal government will spend on transportation infrastructure, over four times as much as it will spend on K-12 education, almost four times what it will spend on housing, and over eight times what it will spend on science, space, and technology.”
In ten years, those interest payments will exceed our entire military budget.
This is financial tyranny.
We’ve been sold a bill of goods by politicians promising to pay down the national debt, jumpstart the economy, rebuild our infrastructure, secure our borders, ensure our security, and make us all healthy, wealthy and happy.
None of that has come to pass, and yet we’re still being loaded down with debt not of our own making while the government remains unrepentant, unfazed and undeterred in its wanton spending.
Indeed, the national deficit (the difference between what the government spends and the revenue it takes in) remains at more than $1.5 trillion.
If Americans managed their personal finances the way the government mismanages the nation’s finances, we’d all be in debtors’ prison by now.
Despite the government propaganda being peddled by the politicians and news media, however, the government isn’t spending our tax dollars to make our lives better.
We’re being robbed blind so the governmental elite can get richer.
In the eyes of the government, “we the people, the voters, the consumers, and the taxpayers” are little more than pocketbooks waiting to be picked.
“We the people” have become the new, permanent underclass in America.
Consider: The government can seize your home and your car (which you’ve bought and paid for) over nonpayment of taxes. Government agents can freeze and seize your bank accounts and other valuables if they merely “suspect” wrongdoing. And the IRS insists on getting the first cut of your salary to pay for government programs over which you have no say.
We have no real say in how the government runs, or how our taxpayer funds are used, but we’re being forced to pay through the nose, anyhow.
We have no real say, but that doesn’t prevent the government from fleecing us at every turn and forcing us to pay for endless wars that do more to fund the military industrial complex than protect us, pork barrel projects that produce little to nothing, and a police state that serves only to imprison us within its walls.
If you have no choice, no voice, and no real options when it comes to the government’s claims on your property and your money, you’re not free.
It wasn’t always this way, of course.
Early Americans went to war over the inalienable rights described by philosopher John Locke as the natural rights of life, liberty and property.
It didn’t take long, however—a hundred years, in fact—before the American government was laying claim to the citizenry’s property by levying taxes to pay for the Civil War. As the New York Times reports, “Widespread resistance led to its repeal in 1872.”
Determined to claim some of the citizenry’s wealth for its own uses, the government reinstituted the income tax in 1894. Charles Pollock challenged the tax as unconstitutional, and the U.S. Supreme Court ruled in his favor. Pollock’s victory was relatively short-lived. Members of Congress—united in their determination to tax the American people’s income—worked together to adopt a constitutional amendment to overrule the Pollock decision.
On the eve of World War I, in 1913, Congress instituted a permanent income tax by way of the 16th Amendment to the Constitution and the Revenue Act of 1913. Under the Revenue Act, individuals with income exceeding $3,000 could be taxed starting at 1% up to 7% for incomes exceeding $500,000.
It’s all gone downhill from there.
Unsurprisingly, the government has used its tax powers to advance its own imperialistic agendas and the courts have repeatedly upheld the government’s power to penalize or jail those who refused to pay their taxes.
While we’re struggling to get by, and making tough decisions about how to spend what little money actually makes it into our pockets after the federal, state and local governments take their share (this doesn’t include the stealth taxes imposed through tolls, fines and other fiscal penalties), the government continues to do whatever it likes—levy taxes, rack up debt, spend outrageously and irresponsibly—with little thought for the plight of its citizens.
To top it all off, all of those wars the U.S. is so eager to fight abroad are being waged with borrowed funds. As The Atlantic reports, “U.S. leaders are essentially bankrolling the wars with debt, in the form of purchases of U.S. Treasury bonds by U.S.-based entities like pension funds and state and local governments, and by countries like China and Japan.”
Of course, we’re the ones who have to repay that borrowed debt.
For instance, American taxpayers have been forced to shell out more than $5.6 trillion since 9/11 for the military industrial complex’s costly, endless so-called “war on terrorism.” That translates to roughly $23,000 per taxpayer to wage wars abroad, occupy foreign countries, provide financial aid to foreign allies, and fill the pockets of defense contractors and grease the hands of corrupt foreign dignitaries.
Mind you, that’s only a portion of what the Pentagon spends on America’s military empire.
The United States also spends more on foreign aid than any other nation, with nearly $300 billion disbursed over a five-year period. More than 150 countries around the world receive U.S. taxpayer-funded assistance, with most of the funds going to the Middle East, Africa and Asia. That price tag keeps growing, too.
As Forbes reports, “U.S. foreign aid dwarfs the federal funds spent by 48 out of 50 state governments annually. Only the state governments of California and New York spent more federal funds than what the U.S. sent abroad each year to foreign countries.”
Most recently, the U.S. has allocated nearly $115 billion in emergency military and humanitarian aid for Ukraine since the start of the Russia invasion.
As Dwight D. Eisenhower warned in a 1953 speech, this is how the military industrial complex continues to get richer, while the American taxpayer is forced to pay for programs that do little to enhance our lives, ensure our happiness and well-being, or secure our freedoms.
This is no way of life.
Yet it’s not just the government’s endless wars that are bleeding us dry.
We’re also being forced to shell out money for surveillance systems to track our movements, money to further militarize our already militarized police, money to allow the government to raid our homes and bank accounts, money to fund schools where our kids learn nothing about freedom and everything about how to comply, and on and on.
There was a time in our history when our forebears said “enough is enough” and stopped paying their taxes to what they considered an illegitimate government. They stood their ground and refused to support a system that was slowly choking out any attempts at self-governance, and which refused to be held accountable for its crimes against the people. Their resistance sowed the seeds for the revolution that would follow.
Unfortunately, in the 200-plus years since we established our own government, we’ve let bankers, corporate turncoats and number-crunching bureaucrats muddy the waters and pilfer the accounts to such an extent that we’re back where we started.
Once again, we’ve got a despotic regime with an imperial ruler doing as they please.
Once again, we’ve got a judicial system insisting we have no rights under a government which demands that the people march in lockstep with its dictates.
And once again, we’ve got to decide whether we’ll keep marching or break stride and make a turn toward freedom.
But what if we didn’t just pull out our pocketbooks and pony up to the federal government’s outrageous demands for more money?
What if we didn’t just dutifully line up to drop our hard-earned dollars into the collection bucket, no questions asked about how it will be spent?
What if, instead of quietly sending in our tax checks, hoping vainly for some meager return, we did a little calculating of our own and started deducting from our taxes those programs that we refuse to support?
As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, we’re no longer living the American dream.
We’re living a financial nightmare.
Alex Jones Responds To Revelation That FBI/CIA Attempted To Silence Him And Shut Down Infowars
US States Sign WEF Treaty To Spray Chemtrails That Permanently Block the Sun
The World Economic Forum in Davos has ordered compliant US states to shoot aerosol into the atmosphere to block the sun to “fight climate change” – and as we have seen, when Klaus says jump, […]
The post US States Sign WEF Treaty To Spray Chemtrails That Permanently Block the Sun appeared first on The People’s Voice.
Watch: KJP Deflects & Dismisses Michigan Islamic Threat, Inflation Concerns
White House press secretary Karine Jean-Pierre offered nothing but her signature deflections, dismissals, and downplays when questioned on a range of issues during a Tuesday press briefing.
When asked if the Biden administration was “concerned” about the possibility of Dearborn, Michigan, becoming a “hotbed” of Islamic extremism following a pro-Palestine rally over the weekend where participants chanted “Death to America”, Jean-Pierre simply shut down the question.
“I don’t have any intelligence to share with you on that,” she said.
“Is the president at all concerned that Dearborn is facing a risk of becoming a hotbed for any sort of homegrown threats?”
— RNC Research (@RNCResearch) April 9, 2024
KARINE JEAN-PIERRE: “I don’t have any intelligence to share with you on that.” pic.twitter.com/Su7XJGh7i2
When asked if the Biden White House was concerned about a resurgence of inflation as prices continue to rise, Jean-Pierre dismissed the question and insisted the economy was doing great.
REPORTER: Are you concerned inflation might be back on the rise?
— RNC Research (@RNCResearch) April 9, 2024
KARINE JEAN-PIERRE: Not at all — things are great!
(Overall prices are up 18.6% since Biden took office. Inflation has been at or above 3% for 35 straight months.) pic.twitter.com/hVtOxaFLeZ
And when asked for clarification about Joe Biden’s accusations that Republicans essentially wanted to kill people by overturning Obamacare, Jean-Pierre attacked the reporter for her “extreme” framing of the question.
Q: Why did Biden suggest Republicans want to kill millions of Americans when he talked about Obamacare? Isn’t he concerned about using that same kind of language he often claims he’s against?
KARINE JEAN-PIERRE: “You’re taking the most extreme definition!” pic.twitter.com/XDkOi6lqyr— RNC Research (@RNCResearch) April 9, 2024
Another day, another WH press briefing where absolutely nothing of substance is conveyed to the American people — just gaslighting and non-answers.
Watch the full press briefing:
Watch: CNN Pesters Black College Students Who Are Ditching Biden This Election
During a recent CNN segment, a group of four students attending HBCUs (Historically Black Colleges and Universities) explained why they don’t want to vote for Joe Biden in the 2024 presidential election.
Two of the individuals will be voting in their first presidential election while the other pair will be voting for a president for the second time.
The four students are all preparing to either vote third-party or abstain from voting whatsoever.
All of the voters explained they were raised as Democrats, but cited the Biden administration’s handling of the Israel-Palestine situation as a top reason they cannot support his 2024 campaign.
“I think what Biden has done in aiding and abetting genocide is not something I can stand for,” one woman said.
The CNN anchor told the group they may be allowing Donald Trump to re-take office by refusing to vote for Biden, and one of the ladies noted, “Trump would probably say, ‘Flatten Gaza and turn it into a golf course.’ I have absolutely no faith in him.”
When the mainstream media reporter tried to guilt-trip the students by again claiming they’d be putting Trump into power if they didn’t vote, one of the men suggested the Democrat Party listen to their demands of a ceasefire in Gaza if it truly wants their vote.
“If he [Biden] doesn’t get elected, that’s his fault. It’s not our fault, that’s not the black voters here, it’s on him,” said one of the young men.
The establishment is losing control of its grip on the American people as the Biden regime openly follows the New World Order Great Reset agenda meant to collapse the nation.
Alex Jones Responds to Revelation That FBI/CIA Attempted to Silence Him & Shut Down Infowars
Alex Jones breaks exclusive analysis on the latest bombshell revelation about how the Deep State targets Americans:
Breaking bombshell! FBI/CIA deep state manager confirms FBI agents were in the crowd on Jan 6th. Officer confesses to three letter government agencies targeting Alex Jones to silence him. More info set to break soon. @elonmusk please call for a congressional investigation… https://t.co/IuMTtyTTWu
— Alex Jones (@RealAlexJones) April 9, 2024
?HOLY SHIT ?
— Harrison H. Smith ✞ (@HarrisonHSmith) April 9, 2024
Intelligence Agents busted on tape describing the attack against Alex Jones, organized by the deep state.
MUST WATCH! https://t.co/hgYaVyUWA3
NEW: Former FBI / CIA employee says approx 20 undercover agents in J6 crowd, boasts about taking away Alex Jones’ money: Sound Investigations | The Post Millennial | https://t.co/QklzewZ3ZA https://t.co/BOrl4FAnF7
— Alex Jones (@RealAlexJones) April 9, 2024
LIVE updates:
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