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Conservatives Make An Ingenious Move To Destroy Corrupt Bankers

By blake

Texas lawmakers have arranged a meeting with asset management firms for next week to discuss potential mishandling of taxpayer funds motivated by ideological motives.

Four months ago, the Texas Senate Committee of State Affairs requested papers from BlackRock, State Street, Vanguard, and Institutional Shareholder Services related to the businesses’ sponsorship of the environmental, social, and governance (ESG) movement.

“The Committee requires these documents to determine the extent to which these corporations have been playing politics with Texans’ hard-earned money,” stated Senator Bryan Hughes (R-TX) in a statement sent to The Daily Wire. “We will convene a hearing next week when each firm will attend and account to the residents of Texas.”

Officials recently cautioned BlackRock that initiatives related to the company’s support of causes such as carbon reduction violate state regulations requiring all fiduciaries to focus solely on financial returns. Texas also declared that BlackRock and nine other businesses had violated the statute by “refusing to interact with” enterprises that participate in the production and utilization of fossil fuels “for no ordinary business reason.”

Hughes went on to say that some companies have released more documents than others, citing BlackRock in particular as having “refused to deliver documents it deems internal or sensitive,” prompting senators to seek a subpoena. “We won’t allow these companies to continue using Texans’ money to further a narrow political agenda,” he added. “They have a legal obligation to prioritize the interests of their investors, and we want to ensure that they comply.”

The Daily Wire obtained the subpoena, which highlighted BlackRock’s support for global environmental measures like the Net-Zero Banking Allowance as well as the Glasgow Finance Alliance for Net Zero, which aim to “use any portion of the financial system to eliminate or reduce emissions of greenhouse gases or otherwise continue pursuing environmental goals.”

According to a two-year-old investment stewardship report, BlackRock has taken “voting action on environmental matters” against many of its portfolio businesses, prompting state-level authorities throughout the country to warn that such activism could harm local economies and boost nationwide energy prices.

Several Republican state governments have recently withdrew funding from renowned asset managers, citing worries that the firms’ voting objectives represent a shift away from the primary pursuit of maximum returns. In addition to South Carolina, Missouri, Louisiana, West Virginia, and Utah, the state of Florida said last week that it intends to withdraw $2 billion from BlackRock by the start of next year.

As conservative state legislators’ efforts and broader market concerns make news, BlackRock CEO Larry Fink announced recently that institutional clients would be allowed to vote on their own shares instead of relying on the corporation to operate as a proxy.

“We are seeing a reckoning for all these asset management corporations that felt they could take hardworking Americans’ money and utilize it to advance their progressive agenda until now,” Consumers’ Research Executive Director Will Hild said in a statement sent to The Daily Wire. “This Texas action will reveal much of what these businesses have sought to conceal – their mission is driven by politics, not money.”

Author: Scott Dowdy

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Democrats’ Latest Financial Con Is Not Going Well

By blake

Ron Klain, the president’s Chief of Staff, stated on Monday that fiscal prudence is “extremely essential” to people who work in the Biden administration, which has reported deficits of $4.2 trillion in fiscal years 2021 and 2022.

“Fiscal responsibility is very essential to us in the Biden administration,” Klain stated at the Wall Street Journal’s CEO Council Summit. “We are well aware that we must live within our financial limits.”

“I believe you’ll see it in the president’s budget, which will be released next spring,” Klain continued. “And you can see it in everything we’ve attempted to achieve over the last two years.”

The Biden administration has run large deficits over the previous two years, collecting less than it has spent. Joe Biden’s administration spent $1.4 trillion more in taxpayer dollars in fiscal year 2022 than it received.

In fiscal year 2021, Joe Biden’s administration spent $2.8 trillion over what it collected from taxpayers.

According to the Republican House Committee on Budget, Joe Biden’s 2021 spending binge resulted in the country’s second-highest deficit in history. In fact, the committee estimated, “it was $517 billion greater than the Congressional Budget Office had anticipated for 2021 after Democrats pushed through their $2 trillion American Rescue Plan.”

The Biden administration has contributed significantly to the deficits. The committee also determined that the government had spent more than $1 trillion in public funds on 600 executive actions. The Framers wanted Congress to be the institution in charge of the purse. However, checks and balances have been ignored in many situations because Congress tends to want to cede authority to the executive branch for political reasons.

Biden’s budget deficits have increased the national debt. For the very first time in history, American taxpayers are now accountable for over $31 trillion in previously spent funds. The Biden administration is responsible for $1.84 trillion of the total.

Since former Pres. Lyndon Johnson dramatically enlarged the welfare state, America’s debt has become a modern problem.

Past presidents have each contributed to the national debt: Ronald Reagan, $1.86 trillion; Gerald Ford, $223.8 billion; Richard Nixon, $121.3 billion; George W. Bush, $6.1 trillion; Bill Clinton, $1.4 trillion; George H.W. Bush, $1.4 trillion; Donald Trump, $8.2 trillion; and Barack Obama, $8.34 trillion.

Author: Blake Ambrose

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Biden’s Latest Money Funneling Program Leads Somewhere Outright Perverted

By blake

Joe Biden’s State Dept. has utilized government funds to finance a pro-LGBT group located in Colombia that advocates for the legalization of prostitution.

According to a Washington Examiner investigation, Fundacion Sentiido, which is a Colombian pro-LGBT organization that focuses on “sexual diversity, gender, and social transformation,” got $16,000 from the State Department.

According to the State Department, the grant is intended to “provide resources, tools, and opportunities to assist the activists and journalists in Colombia and Latin America” in order for them to understand the “use of any gender restrictive narratives and disinformation used against LGBTIQ and women’s rights.”

Colombia is placed 27th on the global crime index, and the US government has previously said that many of the country’s people, especially children, have been sexually exploited.

According to a State Department official, the grant to Sentiido was made “in support of American principles,” and that “U.S. people benefit from a world that is more prosperous and safer for all.”

Fundacion Sentiido fought for “sex worker rights” about a month before the State Department funding was given. The organization’s webinar, “Stand in my corner: sex worker and trans-feminism rights advocacy,” was led by three prostitutes. The group also encouraged individuals to give to “emergency funds” for prostitutes.

The Mexican Sex Worker Alliance established one of the funds sponsored by the group.

Rep. Chip Roy (R-TX), a member of the House Judiciary Committee, warned the Washington Examiner that “fanatical, woke groups like Fundacion Sentiido should not be supported by American government funding.”

“They definitely should not be spending those dollars to encourage prostitution, radical gender indoctrination for kids, and all sorts of depravity abroad,” he went on to argue.

Rep. Ralph Norman, who is a member of the Reform and House Oversight Committee, slammed the State Dept.’s grant, asking, “Why on God’s green Earth are US taxpayers paying the bill for activists in South America to learn about the so-called ‘gender restrictive and disinformation narratives?'”

“If I were Secretary Antony Blinken, we’d be preparing for an Elon Musk-type housecleaning at the State Dept.,” he continued.

Author: Blake Ambrose

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Biden’s New Spending Program Is Totally Absurd

By blake

As Congress prepares to award up to $37 billion in taxpayer dollars to Ukraine, a large majority of Republicans want to reduce foreign aid.

According to a Morning Consult poll issued in late Nov., 48% of registered GOP voters want to reduce foreign aid handouts. According to the poll, 48% of Republicans would like to see a decreased engagement in the affairs of other nations around the world.

According to the findings of the study, not only do Republicans want the government to engage less often with soft power and international aid, but also 41% of GOP voters want to lower the deployment of U.S. soldiers overseas, and 46% want to diminish the engagement of the United States in military wars.

The survey was taken in the midst of President Joe Biden’s request for emergency assistance to Ukraine in the amount of more than $37 billion; to date, Congress has authorized around $66 billion in aid to Ukraine.

A significant number of conservatives have advocated for a closer examination of aid given to other countries.

Rep. Marjorie Taylor Greene, along with Representatives Thomas Massie, Paul Gosar, Matt Gaetz, Barry Moore, Andy Biggs, Matt Rosendale, Greg Steube, Dan Bishop, Andrew Clyde, and Clay Higgins, introduced legislation to audit all military, humanitarian, and economic aid given to the country.

America First Policy Institute, the Conservative Partnership Institute, the Heritage Foundation, American Moment, Americans for Prosperity, the Center for Renewing America, Defense Priorities, Freedom Works, and other conservative groups urged House GOP Leader Kevin McCarthy and House Speaker Nancy Pelosi to resist sending any more aid to Ukraine during the lame-duck session.

At the beginning of November, the Chairman of the House Freedom Caucus, Representative Scott Perry (R-PA), gave an interview in which he stated that all Americans should know if the United States is engaging in a “proxy war” with Russia.

The margin of error for the Morning Consult poll is two percent and was determined by polling a total of 2,005 registered voters between October 27 and 28.

Author: Steven Sinclaire

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New GDP Report Has Economists Freaking Out

By blake

The economy grew at a 2.9% annual rate in the 3rd quarter, according to a revised Bureau of Economic Analysis report.

Democrats and allies of President Joe Biden said the figures demonstrated that the economy is not in recession. However, a notable economist said that when you dive further into the facts, the picture is not as rosy as they portray.

What are the specifics?

Tiffany Wilding, an economist who works for the investment management firm PIMCO, was a guest on the show “Squawk Box” on CNBC, and she argued that the report is misleading because key metrics cause the statistics to be skewed.

“There is some noise to consider because inventory and trade statistics may be quite unpredictable. When you look at the specifics of the third quarter GDP data, you’ll notice that growth was very low when you omit the more volatile categories,” She stated.

“Growth is sub-1% for the year as a whole — except certain categories, which we term ‘final domestic demand,'” she continued, noting that 2021 witnessed “strong” growth of 5%.

“Core growth has slowed considerably, and that’s even before you start to experience the consequences of Federal Reserve policy and Fed tightening because that occurs with a lag,” Wilding continued. “As a result, we believe the economy will enter a recession next year as financial conditions tighten.”

In point of fact, an economist working for the Obama administration named Jason Furman said on Twitter that the headline statistic of 2.9% growth provided by the BEA is a “less accurate” figure since it does not reflect a comprehensive perspective of the economy.

He pointed out that economic growth had been revised downward.

Economists have often predicted a recession due to the Federal Reserve’s actions to contain inflation, among other things. Conventional economic knowledge is that quickly raising interest rates will lead to a “hard landing,” which is economic jargon for a recession.

Fed Chairman Jerome Powell, on the other hand, signaled on Wednesday that the Fed will continue with modest interest rate rises next month, despite his belief that the Fed’s attempts to control inflation have been primarily ineffectual thus far.

Author: Blake Ambrose

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Republicans Rush To Prevent Hyperinflation-Biden Couldn’t Care Less

By blake

On Wednesday, Sen. Marsha Blackburn (R-TN) said that many Republicans favor a continuing resolution (CR) over an omnibus spending measure to avoid additional uncontrolled spending and wild inflation.

Blackburn spoke during the interview as congressional leaders continue to debate whether an omnibus funding measure or a continuing resolution to finance the government should be pursued.

However, the Tennessee conservative stated that many Republicans would prefer to use a continuing resolution (CR) to maintain current federal spending levels. According to Blackburn, an omnibus budget measure might increase expenditure and lead to increased inflation.

“My understanding is that there are negotiations going on as to whether it is going to be a year-long CR, a short-term CR, or an omnibus,” Blackburn said. “Many of us would love to see a similar strategy without all of the extra expense. One thing we do know is that if you continue to increase federal government spending, you are raising the inflation rate, making it more difficult.”

Senators Mike Braun (R-IN), Mike Lee (R-UT), Ted Cruz (R-TX), and Rick Scott (R-FL) have all expressed the necessity for a short-term continuing resolution (CR) to finance the government until Republicans retake the House in January.

Republicans sent the following letter to Sen. Minority Leader Mitch McConnell:

“The American people make their opinions heard at the polls on November 8, 2022. Using the democratic process, millions of Americans conveyed a message: they want split control in Washington to rein in both parties’ worst excesses. The undersigned support the voters. We believe it would be reckless and a reflection of bad leadership for the GOP to ignore the will of the American citizens and pass an omnibus spending bill that will fund ten more months of President Joe Biden’s agenda without any checks on his reckless policies, which have resulted in a 40-year high in inflation.

President Biden has presided over a $4.8 trillion rise in the national deficit since entering office, costing the typical American household an additional $753 every month. The next Congress should establish spending priorities for the balance of the fiscal year.”

“No extra expenditure, no other policy priorities should be included,” the Senate conservatives stressed. “Any pressing topics requiring Senate consideration should be treated individually and on their own terms.”

Author: Blake Ambrose

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New Report Has Crypto Investors Praying For Their Lives

By blake

Over the last month, three well-known bitcoin billionaires have died in unexplained ways, sparking conspiracy rumors.

Several bitcoin billionaires have died in unexplained ways in the last month. All three made their riches in the Bitcoin sector, with one tweeting only days before his death that he feared he was being targeted.

Mushegian, Nikolai

On October 28, bitcoin pioneer Nikolai Mushegian tweeted that he felt he was going to be murdered by spy agents. MakerDAO, a blockchain-based decentralized finance platform, was cofounded by Mushegina. “CIA, Mossad and pedo elites are operating some form of sex trafficking captivity blackmail network from Puerto Rico and the Caribbean islands,” he tweeted at 4:57 a.m.

“They’re going to incriminate me with a laptop placed by my ex-girlfriend, who was actually a spy,” he claimed. “They’re going to torture me to death.”

According to the New York Post, Mushegian then went for a walk from his $6 million beach mansion in San Juan, Puerto Rico. Mushegian’s body was discovered in the waves shortly after 9:00 a.m., where he had evidently drowned.

Kullander, Tiantian

Tiantian Kullander, the co-founder of the Hong Kong-based digital asset firm Amber Group, was reported to have passed away in his sleep on Nov. 23. Kullander was only 30 years old at the time.

His company’s website announced the news “with profound regret and a heavy heart.” Amber was founded in 2017 by Kulander and a group of banking insiders, including previous Goldman Sachs Group and Morgan Stanley employees.

Amber Group was valued at $3 billion in 2022 and was looking for another $100 million in funding shortly prior to Kullander’s passing.

“He poured his heart and energy into the business at every stage of its development. With his knowledge, kindness, humility, diligence, and inventiveness, he led by example,” according to the business statement. “TT had been a respected thought leader and highly regarded as an industry pioneer. His breadth of expertise, eagerness to share, and unwavering commitment to assist others aided innumerable start-ups and people.”

Taran, Vyacheslav

Vyacheslav Taran, the Russian creator of the Forex Club and head of the Libertex Company, was killed when his helicopter crashed near the border in Villefranche-sur-Mer on Nov. 29.

Libertex Group, a renowned foreign exchange and cryptocurrency trading platform, issued a statement saying, “It is with great grief that Libertex Group acknowledges the loss of Vyacheslav Taran, its co-founder and the Chairman of the Board of Directors, in a helicopter crash.”

Taran was flying from Lucerne, Switzerland, toward Monaco aboard an Airbus H130 helicopter when it crashed. According to the France Bleu radio network, Taran as well as the helicopter’s French captain were both killed.

Even though none of the crypto billionaires’ deaths appear to be connected, they are all intriguing enough to raise a few eyebrows.

Author: Scott Dowdy

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Elon Musk Says Economic Collapse Is Around The Corner

By blake

Elon Musk has warned that if the Federal Reserve does not change its present interest-rate policy, the United States will experience a big recession.

The central bank has raised target federal funds rates by 0.75% four times in a row, marking the most dramatic tightening of monetary policy in decades. As a result, interest rates across the economy, such as mortgage rates and the premiums paid by firms and individuals to borrow money, have rapidly climbed.

The creator of Tesla accessories vendor Tesmanian, Vincent Yu, projected a “serious economic recession” next year, prompting Musk to call the current state of the economy “concerning.” He went on to say that the Federal Reserve is “massively increasing the likelihood of a severe recession” and “has to decrease interest rates immediately.”

Some analysts, which include Wharton School finance professor Jeremy Siegel, have heavily criticized the central bank in the aftermath of the return to a contractionary monetary government, claiming that officials that were slow to respond to rising cost levels now are causing harm thru their overzealous attempts to manage inflation. Musk, who stated on social media earlier this summer that he has a “very awful feeling” about the economy, stated that Siegel is “clearly true.”

In an effort to revitalize the economy, Federal Reserve policymakers announced a 0% target interest rate and started purchasing government bonds from the market shortly after the lockdown-induced recession began.

The stock market opposes rate increase decisions because they have a detrimental impact on future economic activity. Investors responded positively to the latest announcement, however, because the Federal Reserve Governing board stated that officials “will take into consideration the cumulative tightness of monetary policy, the lags in which monetary policy impacts economic activity and inflation, and the economy and financial developments.” Previous releases did not incorporate the new language.

Musk, the CEO of SpaceX, Tesla, and Twitter, also projected that the global slump would extend until 2024. He stated that the first two enterprises are in “excellent situations” to survive the economic downturn.

In a recent earnings call for Tesla, the world’s richest man stated that China is facing “a sort of recession,” while Europe is also experiencing “a sort of recession driven by energy.” He believes North America is in “very excellent shape” and predicts that the Federal Reserve will eventually shift to a more moderate stance to inflation.

Author: Steven Sinclaire

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Biden Desperately Tries To Continue Of His Billion Dollar Scam

By blake

Joe, bless your ignorant heart; you don’t even notice the irony. Yes, your deliberately destructive actions “caused so much harm to ordinary American families that nobody knows the consequences” of how terrible things will get—and how long it will take to recover once you’ve left office, one way or another.

On Tuesday, Joe Biden defended his doomed “American Rescue Plan” for the zillionth time, claiming that the (at least) $1.9 trillion spending binge allowed local governments to continue paying their staff (which does zero to help productivity). He also boasted of spending trillions more on government-subsidized health care, manufacturing, infrastructure, and so-called “green energy.”

Biden’s remark was not simply illogical; it also contradicted Economics 101: Injecting trillions of dollars into a suffering economy to pursue a very limited supply of goods and services often results in an increase in inflation, not a decrease, as Team Biden falsely claims.

Furthermore, Biden’s ongoing approach of “fighting inflation” by shifting billions of dollars of wealth from those who earned it to those who didn’t overlooks the main causes of inflation: correcting monetary and fiscal policies, not boosting government (taxpayer) spending.

Nonetheless, ignorant Joe boasted:

“The American Rescue Plan was approved. Everyone knows that now, but because we accomplished so much, no one knows what the effects will be. It’s just getting started. So many things you’ll discover that we’ve previously done but haven’t been able to put into action yet.”

Joe, are you serious? Choose one.

Biden, being Biden, kept piling it higher and deeper:

“What’s most gratifying is that people are beginning to feel hopeful about the impact of these legislative accomplishments in their personal lives. It will pick up speed in the coming months. We will serve as the supply chain. The difference is that we will open up the supply chain to the rest of the globe. We’re not going to be held captive any longer.”

Leaving aside the falsehoods, what the heck does that even mean? “We’ll be the supply chain, making it available to the rest of the globe.” Who comes up with this? Handlers who can simply push it in front of Biden and let him make a spectacle of himself instead of them.

While lying, Biden even bragged that inflation was “beginning to decline.”

“That’s fantastic news for the holiday season,” he said, adding that inflation will “take time to return to normal levels and that we might see setbacks along the road.”

Biden also attempted to connect with the employees he was meeting with in Michigan, connecting them to those he grew up with in Delaware.

“For a long time, you felt isolated. You were left behind by the economy and the fast changing industry. I see what you’re saying. My family is aware of it. Please pay attention. This time, we’re not going to leave anyone behind.”

“This time,” you say? When was the first time this occurred under Biden’s watch?

Biden’s speech was standard Democrat boilerplate bilge, empty of specifics and aimed to buy time with low-information Democrat voters—at least until Joe and company decide on what to do next. With Republicans poised to retake control of the House in January, Biden and Chuck Schumer’s Senate majority will be rendered ineffective for the next two years.

Author: Steven Sinclaire

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Biden Could Soon Grind America’s Economy To A Halt

By blake

After failing to negotiate a deal with railroad employees and management, President Joe Biden requested Congress on Monday to adopt legislation to negotiate a deal.

“I am calling on Congress to swiftly enact legislation to accept the Tentative Agreement between railroad employees and operators – without any amendments or delay – to prevent a potentially catastrophic national rail shutdown,” Biden said in a White House statement.

Despite his and his administration’s best efforts, Biden said in the statement that his advisers and cabinet members concluded there was “no avenue to resolve the matter at the negotiation table.”

If a deal is not reached, over 7,000 freight trains might be idled by December 9th, costing companies up to $2 billion each day.

The president made a great show in September after reaching an agreement to prevent a strike right before the 2022 midterm elections..

“Today is a win — and I mean it really — a win for America,” he said triumphantly in an address in the Rose Garden on September 15, praising his talents as a dealmaker.

After spending his entire political career riding on Amtrak trains from his home in Delaware to Washington, DC, the president takes pride in being a supporter of rail employees and trains.

Rail workers are requesting paid sick days as part of their new contract, but Biden urged Congress to intervene to resolve the conflict, threatening significant economic implications if nothing is done.

“Let me be clear: a train closure would be catastrophic for our economy. Many companies in the United States would close if freight rail did not exist,” Biden remarked.

He attempted to justify his declaration of an emergency by claiming that he was “reluctant” to seek Congress to resolve the labor conflict since he was a “proud pro-labor president.”

Members of Congress on the left have regularly chastised railway corporations for failing to negotiate paid time off with their employees.

“The train industry’s greed must end,” tweeted Sen. Bernie Sanders on social media, criticizing wealthy railway owners like Warren Buffet for earning big profits but not passing them on to employees.

Author: Scott Dowdy

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