A Massive Financial Collapse Is Coming That Will Destroy Everyone’s Assets, Warns Paul Craig Roberts

(Natural News)—It has yet to be fully unveiled, but the United States has been robbed blind by the powers that be, which have underwritten Americans’ financial assets as collateral for the coming pop of the derivative and financial bubble.

Quietly outside of public view, those in control have made a series of regulatory changes preceding the coming collapse that basically dispossessed the American people of all our property. Most Americans have no idea this happened, but when the rubber meets the road, they will learn in an instant that their lives and futures have been stolen from them.

Paul Craig Roberts unpacked the issue in a three-part series called “The Great Dispossession” that the bubble will, in fact, pop. It is not a matter of if it will pop, but rather when it reaches its inevitable limit.

“The Fed suddenly and rapidly moved from zero to 5% interest rates, a reversal of the policy that drove up prices of stocks and bonds,” Roberts explains, citing the work of David Rogers Webb.

“The Fed raises rates by reducing money supply growth, thus removing the factor supporting high stock prices and collapsing the value of bonds. This results in a lowering of the value of stocks and bonds serving as collateral for loans, which, of course, means the loans and the financial institution behind them are in trouble. Bonds have already taken a hit. The stock market is holding because participants believe the Fed is about to reverse its interest rate policy and lower rates.”

(Related: Did you catch the Jeffrey Prather interview in which he talks about the impending financial collapse, which will be followed by the implementation of the Mark of the Beast?)

The biggest bubble pop ever

Prior to the great stock market crash of 1929, the velocity of circulation took a precipitous fall. This means the number of times a dollar is spent during a given period of time decreased dramatically, which destabilized the markets.

The private Federal Reserve tries to manage this process to prevent such crashes, but the reality of fractional-reserve banking is that there will always be booms and busts due to the corrupt nature of fiat currency, which is not real money.

What happened in the leadup to 1929 is once again happening today. The 21st century as a whole is marked by a long-term drop in velocity of circulation, which is currently at the lowest level on record.

Meanwhile, stocks and real estate have been driven up to sky-high prices well beyond what they are actually worth in real terms. When the bubble pops, it will be the biggest bubble pop ever, producing unprecedented dispossession and economic collapse.

“When after more than a decade of near zero interest rates, the Fed raises interest rates it collapses the values of financial portfolios and real estate and produces a financial crisis,” Roberts says.

“As the authorities have set in place a system that bails out secured creditors with our bank deposits, stocks and bonds, we will have no money and no financial assets to sell for money. People with mortgaged homes and businesses will lose them, as they did in the 1930s, when they lost their money due to bank failures. People with car payments will lose their transportation. The way the system works is you lose your money but not your debts.”

You can expect more bank collapses, which will mean the loss of your deposits. The federal insurance program will not recoup whatever you lose because, as previously mentioned, all deposits have been turned into collateral for creditors.

“It has all happened before, but not on the scale of what is pending,” Roberts warns.

It won’t be long now before the inevitable happens. Find out more at Collapse.news.

Sources for this article include:

Housing Costs Are Crushing the American Middle Class, but How Can We Fix the Problem?

(Zero Hedge)—In a new poll conducted by the Financial Times and Michigan’s Ross School of Business, data shows there is a rare bipartisan agreement among Republicans and Democrats – Both sides believe that there are no housing advantages for the their political opponents and 70% of leftists, independents and conservatives alike rate affordability as one of their top three concerns.  In other words, Americans disagree on almost everything else, but they all recognize that most of them are in deep trouble when it comes to keeping a roof over their heads.

It’s not just the math, it’s the daily drain on people’s pocketbooks that makes the problem so undeniable.

While the Biden Administration has spent the better part of the past year claiming that “inflation is going down” the reality has been far more bleak.  Surveys also show that 62% of homeowners has struggled at least periodically in the past year to make their mortgage payments and half of all renters also reported difficulty keeping up with monthly payments.  Over 22% skipped meals, 20% worked extra hours and 20% sold belongings to pay their housing costs on time.

Disturbingly, 60% of poll respondents who make $100,000 or more per year also ranked housing costs at the top of their list of worries going into 2024.  Meaning, the crisis is spreading well beyond low income families and is dragging down the middle class.

Low income, fixed income and middle-income renters are all facing challenges.  The market has become so disjointed that middle-income earners are finding it nearly impossible in most states to find homes in their price range, either to buy or to rent.

The average middle class income is $58,000 to $98,000 annually.  The average yearly cost of a family home rental is $25,000 ($2100 a month and nearly half of a single earner’s income on the low end of the middle class average).  This greatly supersedes the common 30% rent rule which suggests that housing should not eat more than 30% of a renter’s salary.  In 2019 the average monthly rent for a home was $1400; that’s a 50% increase in the span of only four years.

In order to safely afford the monthly median home rental price of $2100, a tenant must make over $6000 after taxes per month.  This cuts more than 50% of the population out of the market.  It’s not just the cost of housing, though, there’s also a major crisis in availability.

Across the US  there is a shortage of at least 7.2 million homes affordable and available to renters with extremely low incomes. Extremely low-income renters face a shortage in every state and major metropolitan area.  Middle-income housing is vanishing; known as the “missing middle”, this portion of the market has been bought out and inflated to the point that elasticity in prices has been crushed right along with home buyers and renters.  That is to say, if you make less than six figures then you are quietly and quickly being strangled out of housing access.

But how do we solve this ongoing problem?  Government rent controls won’t do anything other than create a larger shortage by scaring property owners out of the rental market.  The Federal Reserve’s (supposed) attempts to use higher interest rates to deflate the bubble without triggering consequences to the greater economy have utterly failed.  The conundrum is that the biggest property buyers in the country are supported by the central bank and thus they remain unaffected by higher rates.

These are massive corporate buyers like Blackstone and Black Rock which invest in companies that buy US houses.  Black Rock by extension owns a stake in nearly 7% of the nation’s total rental properties.  In 2023 corporate investors accounted for 27% of all family home purchases.  Even in the case of house flipping, corporate purchases on a large scale tend to drive up prices for everyone else.

Then there’s the issue of illegal immigration which is adding millions of “asylum seekers” every year to the population; all of those people are looking for housing.  With government programs and subsidies helping them they eventually find that housing, allowing them to eat up another piece of the pie.  This leaves legal citizens in the lurch and struggling with low availability.

Finally, there’s general inflation.  Building costs for materials and labor have skyrocketed, meaning building new houses might help over many years to stabilize the market but it does not solve the immediate supply crisis and the inflation associated with it.  Americans don’t need more expensive houses, they need more affordable houses.

To alleviate the crippled market conditions today would most likely require state imposed moratoriums on corporate home purchases, a moratorium on foreign purchases, not to mention the direct removal of illegal migrants.  Taking action on all three would free up supply and at least give US citizens room to breath by cutting back on their top most expensive necessity.  At bottom things cannot continue the way they have been otherwise the system can and will break under the pressure, leading to even worse economic outcomes.

The Antidote to the Cost-of-Living Crisis Is Really Quite Simple: Low and Fair Taxes

DCNF(DCNF)—Though the 2023 tax season is now in the rearview mirror, the inflation tax remains a stark reality, and Americans are faced with a daunting prospect: the worst may be yet to come.

If President Biden has his way, much of the Trump tax cuts will lapse in 2025, adding tax-hike insult to inflation injury for millions of families and small businesses. The ongoing cost-of-living crisis makes it more urgent than ever to extend the Trump tax cut and to continue the push for taxes that are simple, low, and fair.

There are two basic ways to tackle inflation, which can be thought of as too much money chasing too few goods. The first is to address the “too much money” half of the equation by withdrawing excess demand, ideally by reversing government overspending. But it is at least as important to address the other half of the equation—too few goods—by implementing pro-growth policies that expand supply and create affordable abundance.

This recipe has succeeded in the past. The 1980s “supply-side revolution” of simple, low, and fair taxes, regulatory reform, and sound money put an end to stagflation.

The most recent success for this approach began in 2017, when the Trump administration reversed the failed stimulus-centric policies of its predecessor and worked with Congress to pass the Tax Cuts and Jobs Act as one of the centerpieces of a second supply-side revolution.

The Trump tax cuts had three primary goals. The first was to make the U.S. competitive on the world stage and incentivize businesses to reinvest in America by reducing what was one of the highest corporate tax rates in the developed world. The second was to reverse stagnant living standards and simplify taxes by lowering marginal rates and doubling the standard deduction. The third was to boost small businesses and unleash investment across the country through lower tax rates, more generous deductions, and the creation of Opportunity Zones to attract much-needed private capital to America’s highest-poverty communities.

The tax cuts unleashed a blue-collar boom.

Unemployment and poverty rates hit record lows, income gains reached record highs, and tens of billions of dollars flowed into the highest-poverty communities. The typical American family saw their real income rise by $6,000, with the biggest gains occurring at the bottom.

There is much to celebrate, but taxes are still not as simple, low, or fair as they could be. For one thing, tax complexity drains hundreds of billions of dollars out of the economy each year, diverting resources from productive activities towards compliance and bureaucracy. Fiscal and class warfare mythology perpetuated by progressives also gets in the way of low and fair taxes.

The big fiscal myth is that tax cuts starve the government of needed funds. But the government does not have a revenue problem. It has a spending problem. Federal receipts as a share of GDP have been stable for decades, and in 2022, they reached their second-highest level since World War II. Meanwhile, spending had averaged 20% of GDP for the 50-year period before COVID-19 but is now forecasted to be 23% to 24% over the next decade and rising from there.

The fairness myth is that the rich pay less in taxes than everyone else. The truth is that while the top 1% earn about 20% of total income in the economy, they pay over 40% of total income taxes — i.e., double — with that share actually increasing after the Tax Cuts and Jobs Act.

The tax code is unfair, but for very different reasons. It is unfair that the complexity of the tax code advantages those with the resources to hire teams of lawyers, accountants, and lobbyists. And it is unfair that high effective tax rates disproportionately punish people aspiring to climb the economic ladder to enter the middle class or start a business. True tax fairness pursues a level playing field, not level incomes; equality of opportunity, not equality of outcomes; and more private investment, not less.

Simple, low, and fair taxes can deliver the affordable abundance that is needed to end the cost-of-living crisis, and that begins with extending the Trump tax cuts.

Aaron Hedlund is the Director of Research at the America First Policy Institute.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

MSNBC Legal Analyst Predicts Trump’s Lawyers Will “Pummel” Stormy Daniels on Stand, Accuse Her of “Blackmail”

DCNF(DCNF)—Former federal prosecutor Charles Coleman on Friday predicted that former President Donald Trump’s lawyers will accuse porn star Stormy Daniels of attempting to blackmail him when she takes the witness stand.

Trump is currently on trial for 34 felony counts related to a $130,000 payment to Daniels for her silence about an alleged affair during his 2016 campaign. Coleman said on MSNBC’s “Chris Jansing Reports” that the former president’s lawyers will focus on how Daniels allegedly solicited the money from Trump in an immoral way, and said she will require coaching to portray herself in an ideal manner.

“I do think, on cross we are going to see a different animal emerge,” Coleman told host Chris Jansing. “And what I mean by that is I expect that Donald Trump’s attorneys are going to drill into the fact that … at its core, this is about blackmail. You slept with a married man, who you likely knew was married, and then you wanted to get money from the fact that you didn’t want to go out and tell the fact that you had made this decision, and ultimately does that change what Donald Trump did? No. Is that the what the case is about? No.”

“But it is going to be something that I fully expect that the defense attorneys in this case are going to try to pummel her on as much as they can to detract from her overall credibility in front of the jury,” he added. “And I do think there may be some sympathy among the jurors around that to basically say, look, she does not come to the table with clean hands either, and who knows what sort of impact that will have in terms of their deliberations.”

Coleman then proceeded to detail how Daniels’ attorneys might prepare her to testify in the trial.

“Honestly, it’s not necessarily the narrative that you’re selling,” he said. “It’s more so the preparation around your demeanor, your attitude, your tone, your intonation, your responses in such a way that you don’t come across as overly defensive, rude or just nasty in front of the jury. That’s really what you spend the most time preparing your witness around.”

All 12 jurors have been selected for Trump’s trial and they consist of an investment banker, a security engineer with three kids, a retired man from Lebanon who likes fly fishing, a speech therapist, someone who works at an eyewear company, a California woman employed in product development and a physical therapist.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

RNC Seeks to Deploy 100,000 Election Integrity Workers Ahead of 2024 Elections

(The Epoch Times)—The Republican National Committee wants more than 100,000 volunteers and attorneys to monitor the fairness and transparency of the 2024 election.

In an April 19 announcement, the RNC said it is launching “the most extensive and monumental election integrity program in the nation’s history.”

“The Democrat tricks from 2020 won’t work this time,” RNC Chief Counsel Charlie Spies said in a release. “In 2024, we’re going to beat the Democrats at their own game, and the RNC legal team will be working tirelessly to ensure that elections officials follow the rules in administering elections.”

Mr. Spies, the Republican National Lawyer Association’s Republican Lawyer of the Year 2023 and a former election law counsel for the RNC, said the committee would aggressively sue Democrats if they don’t follow election laws or attempt to change the rules at the last minute.

The election integrity effort continues a Republican Party program launched under the administration of former RNC Chairwoman Ronna McDaniel. Ms. McDaniel left the committee in March and was replaced by current co-Chairman Michael Whatley and co-Chairwoman Lara Trump, the daughter-in-law of former President Donald Trump.

Election Lawsuits

According to the April 19 release, the RNC has filed 82 election integrity lawsuits in 25 states so far.

Most recently, the committee filed a suit against Michigan Secretary of State Jocelyn Benson, alleging Ms. Benson was giving incorrect instructions to election officials about verifying absentee voter ballots. The committee is also backing formal complaints against the Wisconsin Elections Commission over election integrity concerns in Madison and Milwaukee.

“The RNC is hiring hundreds of election integrity staff across the map,” Ms. Trump said in a statement. “More than ever before because our party will be recruiting thousands of more observers to protect the vote in 2024.”

Both Mr. Whatley and Ms. Trump previously made statements about election integrity becoming the focus of the new-look RNC ahead of the general election. The RNC has also promised to work closely with the Trump campaign this year.

On its Protect The Vote website, the RNC is soliciting volunteers in Arizona, California, Florida, Georgia, Michigan, Montana, Nevada, New York, North Carolina, Ohio, Pennsylvania, Texas, and Wisconsin.

The RNC release said the committee will train its volunteers to watch for potential problems in the electoral process with a focus on both polling sites and ballot tabulation centers.

Going forward, the RNC’s election integrity program will focus on testing the logic and accuracy of voting machines, early voting, Election Day voting, adjudication and duplication of mail-in ballots, and post-election auditing, recounts, and canvassing.

The release said RNC-affiliated attorneys will be “stationed at every single target processing center where mail ballots are tabulated.” Every so-called battleground state will also have an “election integrity hotline” where RNC lawyers can answer questions and immediately respond to issues raised by volunteers.

“Having the right people to count the ballots is just as important as turning out voters on Election Day,” President Trump said in a release. “Republicans are now working together to protect the vote and ensure a big win on November 5th!”

The Epoch Times contacted the RNC for comment, but it did not respond before press time.

The RNC made at least one key hire to bolster its election integrity efforts, too.

In March, the RNC enlisted Christina Bobb, formerly a lawyer working with President Trump’s Save America political action committee, as a senior counsel for election integrity.

Save America is a qualified leadership political action committee affiliated with President Trump. The PAC, founded in November 2020, paid a large portion of President Trump’s legal bills in 2023, according to Federal Election Commission (FEC) records.

Ms. Bobb is the author of “Stealing Your Vote: The Inside Story of the 2020 Election and What It Means for 2024.” According to its description published on Amazon.com, the book alleges that “the 2020 election was riddled with lying, cheating, stealing, and vote dumping, which disenfranchised millions of Americans and probably swayed the outcome of the election.”

RNC, Trump Fundraising

With the RNC working more closely with the Trump campaign, both bodies hope to improve the committee’s fundraising efforts.

In the final days of Ms. McDaniel’s leadership, the RNC’s monthly fundraising totals slumped to notably low levels.

The RNC and the Trump campaign jointly announced that the pair had collected more than $65 million in donations in March. That was the first month with the new co-chairs at the helm. However, that announcement didn’t specify how the money was split.

The RNC and the Trump campaign’s financial picture will become clearer when their various entities submit their monthly reports to the FEC on April 20.

To beat the Democratic National Committee, which did file its disclosure ahead of the monthly deadline, the RNC will need to show it had more than $45.2 million in cash on hand at the end of March.

As of April 19, the RNC and its party allies, the National Republican Senatorial Committee and the National Republican Congressional Committee, have yet to file their monthly disclosures.

However, the RNC will be getting a serious boost from a newly formed joint fundraising committee. FEC filings from the joint fundraising committee Trump 47 Committee Inc. show the newly formed committee sent about $10.4 million to the RNC between February and March.

Psychotherapists Announce Plans to “Eradicate” Critics of Tranny Mutilation From Medical Profession

(Natural News)—A trade union and “professional body” that represents psychotherapists in the United Kingdom is on a mission to rid the profession of everyone who opposes transgender mutilation.

In an announcement, the Chartered Society of Physiotherapy (CSP) unveiled the group’s first-ever “definitive position statement on transphobia” along with the publication of its first-ever “positive statement on transphobia.” In short, CSP wants to ban all “transphobes” from the psychotherapy profession, which is discriminatory and very likely illegal.

The group’s statement on “transphobia” describes its purpose as “eradicating [transphobia] from our profession,” instructing members to “raise concerns about colleagues” who express any “personal values, biases and beliefs” that may cause them to “discriminate” against others, mainly LGBTs.

To “deny” someone’s alternate gender identity, CSP says, is to “discriminate” against them. “Refusing to accept it,” the group further maintains about psychotherapists who reject transgender ideology, will be subject to removal from the profession.

CSP is proud of this new position, calling it “a milestone for the profession.” On social media, though, many are chattering about how CSP is quite possibly violating the law with this new agenda.

Transphobia, a meaningless word

There are also a number of internal memos never published that, according to Reduxx, which obtained them for analysis, reveal another CSP goal to prevent its “channels (from) being used to spread transphobia.” Members of the group who detect violations are urged to report them to the Corporate Comms Team.

CSP came up with its pro-trans declarations after a consultation, according to the “LGBTQIA+ voice and network of the Chartered Society of Physiotherapy, Definitions of Transphobia Working Group,” which was preceded by a “Statement of Intent” issued in January of 2023.

It took the group years to come up with an official statement, which was finally announced via X just the other day.

Stephanie Land, chair of the CSP LGBTQIA+ network, thanked and praised both staff and members for their “efforts and emotional labor” in working towards creating this “pivotal piece of work.”

Transphobia, a common trope used to denigrate those who oppose the LGBT religion as being “scared” of transgenders, is defined by CSP as having no actual definition beyond just “questioning a transgender person’s gender identity.”

The word is admittedly loaded and “complex,” the group admits, but it is necessary to protect the “safety of transgender members and transgender patients,” CSP insists.

The group “TransActual” attempted to define the word transphobia in much further depth, but failed just as CSP did in describing the alleged consequences of it rather than what it actually is:

“The consequence of transphobia is that trans people struggle to live openly and comfortably in society. An ultimate outcome may be the erasure of trans people as a viable class of people. Transphobia includes, but is not limited to:

Attempting to remove trans people’s rights.

Misrepresenting trans people.

Abuse.

Systematically excluding trans people from discussions about issues that directly affect them.

Other forms of discrimination.”

As you can see, this so-called “definition” fails to actually define what transphobia is, instead describing how mentally deranged transgenders feel about the perception of being unaccepted in normal society.

Despite having no actual definition, Sarine Baz, chair of CSP’s Equity, Diversity and Belonging committee, transphobia, whatever it actually is, is “never acceptable.”

“Expressing negative attitudes or feelings towards transgender individuals, or other transphobic actions, can’t be tolerated,” Baz says.

Not only is transphobia not allowed at CSP any longer, but members must also be pro-transgender activists while off the job by “show[ing] allyship by challenging transphobia outside the profession.”

The latest news about the deranged goals of the Cult of LGBT can be found at Transhumanism.news.

Sources for this article include: