Money

Bill Bonner — Hormegeddon: How Too Much of a Good Thing Leads To Disaster — Videos

Posted on July 13, 2019. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Computers, Computers, Congress, conservatives, Constitution, Corruption, Crime, Culture, Economics, Education, Elections, Employment, Energy, Faith, Family, Farming, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, Health, history, History of Economic Thought, Immigration, Investments, Journalism, Language, Law, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Money, Narcissism, Newspapers, Non-Fiction, People, Philosophy, Photos, Plays, Police, Political Correctness, Politics, Presidential Candidates, Programming, Psychology, Radio, Radio, Rants, Raves, Raymond Thomas Pronk, Regulations, Reviews, Security, Talk Radio, Tax Policy, Taxation, Taxes, Technology, Terrorism, Trade, Trade Policiy, Transportation, Wealth, Writing | Tags: , , , , , , , |

See the source imageSee the source image

See the source image

Why Public Policy Always Ends in Disaster

It’s Hormeggedon! What Happens When Public Policy Passes the Point of No Return

Bill Bonner Interview: hold on to your cash, the real financial crisis is yet to come

Bill Bonner on the financial markets WORLD.MINDS INTERVIEW

How to Profit from the Death of Retail. Guest Bill Bonner.

Bill Bonner (author)

 MoneyWeek magazine,[2] and his daily financial column Bill Bonner’s Diary.[3]

Contents

Biography

Bonner was born in 1948.[4] He attended the University of New Mexico and Georgetown University Law School, and he began work with Jim Davidson, at the National Taxpayers Union.[citation needed]

Bonner was a director of MoneyWeek from 2003 to 2009.[4]

Works

Bonner co-authored Financial Reckoning Day: Surviving The Soft Depression of The 21st Century and Empire of Debt with Addison Wiggin. He also co-authored Mobs, Messiahs and Marketswith Lila Rajiva. The latter publication won the GetAbstract International Book Award for 2008.[5] He has previously co-authored two short pamphlets with British media historian, John Campbell, and with The Times former editor, Lord William Rees-Mogg, and has co-edited a book of essays with intellectual historian, Pierre Lemieux.[6]

In his two financial books, as well as in The Daily Reckoning, Bonner has argued that the financial future of the United States is in peril because of various economic and demographic trends, not the least of which is America’s large trade deficit. He claims that America’s foreign policy exploits are tantamount to the establishment of an empire, and that the cost of maintaining such an empire could accelerate America’s eventual decline. Bonner argues in his latest book that mob and mass delusions are part of the human condition.[citation needed]

Bonner warned in 2015 that the credit system, which has been the essential basis of the US economy since the 1950s, will inevitably fail, leading to catastrophic failure of the banking system.[7][8]

In June 2016, Bill Bonner, via his company Agora, paid for an advertisement on Reuters describing a new law that would not allow Americans to take money out of their own USA accounts. The ad reads: “New Law Cracks Down on Right to Use Cash. Americans are reporting problems taking their own money out of US banks.” The advertisement does not cite the law (the Foreign Account Tax Compliance Act or FATCA[9]) to which it refers.

References

  1. ^ “Bill Bonner, Author at LewRockwell LewRockwell.com”.
  2. ^ https://moneyweek.com/author/bill-bonner/
  3. ^ Bill Bonner’s Diary
  4. Jump up to:a bhttps://beta.companieshouse.gov.uk/company/04016750/officers
  5. ^ “getAbstract International Book Award”.
  6. ^ Bonner, Bill; Lemieux, Pierre (2003). The Idea of America. Agora Health Books. ISBN 1891434136.
  7. ^ “Bill Bonner: hold on to your cash, the real financial crisis is yet to come”. MoneyWeek. March 3, 2015.
  8. ^ Wiggins, Addison (June 29, 2015). “When Genius Fails Again”. Forbes. Retrieved December 1, 2016.
  9. ^ Sahadi, Jeanne (June 4, 2015). “You’ve never seen IRS penalties like these”CNNMoney. Retrieved 2016-08-01.

External links

https://en.wikipedia.org/wiki/Bill_Bonner_(author)

Read Full Post | Make a Comment ( None so far )

Lawrence B. Lindsey — Conspiracies of The Ruling Class: How To Break Their Grip Forever — Videos

Posted on August 11, 2018. Filed under: American History, Blogroll, Books, Business, Communications, Computers, Congress, Constitution, Crisis, Documentary, Economics, Elections, Faith, Family, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, government, government spending, history, History of Economic Thought, Investments, IRS, liberty, Life, Macroeconomics, media, Mobile Phones, Monetary Policy, Money, Newspapers, Non-Fiction, People, Philosophy, Photos, Political Correctness, Presidential Candidates, Radio, Radio, Rants, Raves, Resources, Speech, State, Strategy, Talk Radio, Tax Policy, Taxation, Taxes, Technology, Television, Television, Terrorism, The Pronk Pops Show, Video, War, Wealth, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , , , , , , , |

See the source image

Image result for lawrence lindsey conpiracies of the ruling classSee the source image

See the source image

See the source image

See the source image

FOX News: Trump Mocks Elites At Ohio Rally

Donald Trump Calls Out The Global Elite: Must See

What are the Conspiracies of the Ruling Class?

Conspiracies of the Ruling Class

Malzberg | Lawrence B. Lindsey discusses his book

Larry Lindsey: CBO is ‘part of the swamp

T. Boone Pickens talks with Economic Advisor Larry Lindsey

Tucker Carlson: D.C. Ruling Class Reason Trump Won

The Rise of the Oligarchs | Empire

If You Want to Know Who Rules the World: The Ruling Elite – Finance, Wealth, Power (2008)

The U.S. Is Run by a Financial Oligarchy: The Ruling Elite, Money & the Illusion of Progress (1993)

 

Lawrence B. Lindsey

From Wikipedia, the free encyclopedia

Jump to navigationJump to search

Lawrence B. Lindsey
Governor Lawrence B Lindsey 140501.jpg
4th Director of the National Economic Council
In office
January 20, 2001 – December 12, 2002
President George W. Bush
Preceded by Gene Sperling
Succeeded by Steve Friedman
Personal details
Born July 18, 1954 (age 64)
PeekskillNew YorkU.S.
Political party Republican
Spouse(s) Susan Lindsey (Divorced 2013)
Children 3
Residence Clifton, Virginia
Education Bowdoin College (BA)
Harvard University (MAPhD)

Lawrence B. “Larry” Lindsey (born July 18, 1954) is an American economist. He was director of the National Economic Council (2001–2002), and the assistant to the president on economic policy for the U.S. President George W. Bush. He played a leading role in formulating President Bush’s $1.35 trillion tax cut plan, convincing candidate Bush that he needed an “insurance policy” against an economic turndown. He left the White House in December 2002 and was replaced by Stephen Friedman after a dispute over the projected cost of the Iraq War. Lindsey estimated the cost of the Iraq War could reach $200 billion, while Defense Secretary Donald Rumsfeld estimated that it would cost less than $50 billion.[1]

 

Biography and achievements

Lindsey was born on July 18, 1954 in Peekskill, New York. He graduated from Lakeland Senior High School in Shrub Oak, New York in 1972. An alumnus of Alpha Rho Upsilon fraternity at Bowdoin College, he received his A.B. magna cum laude and Phi Beta Kappa from Bowdoin and his A.M. and Ph.D. in economics from Harvard University.

He is the author of The Growth Experiment: How the New Tax Policy is Transforming the U.S. Economy (Basic Books, New York, 1990, ISBN 978-0465050703), Economic Puppetmasters: Lessons from the Halls of Power (AEI Press, Washington, D.C., 1999, ISBN 978-0844740812), What A President Should Know …but most learn too late: An Insiders View On How To Succeed In The Oval Office (Rowman & Littlefield Publishers, Inc., Maryland, 2008, ISBN 978-0742562226), and Conspiracies of the Ruling Class: How to Break Their Grip Forever (Simon & Schuster, 2016, ISBN 978-1501144233). Also he has contributed numerous articles to professional publications. His honors and awards include the Distinguished Public Service Award of the Boston Bar Association, 1994; an honorary degree from Bowdoin College, 1993; selection as a Citicorp/Wriston Fellow for Economic Research, 1988; and the Outstanding Doctoral Dissertation Award from the National Tax Association, 1985.

During the Reagan Administration, he served three years on the staff of the Council of Economic Advisers as Senior Staff Economist for Tax Policy. He then served as Special Assistant to the President for Policy Development during the first Bush administration

Lindsey served as a Member of the Board of Governors of the Federal Reserve System for five years from November 1991 to February 1997. Additionally, Lindsey was Chairman of the Board of the Neighborhood Reinvestment Corporation, a national public/private community redevelopment organization, from 1993 until his departure from the Federal Reserve.

From 1997 to January 2001, Lindsey was a Resident Scholar and holder of the Arthur F. Burns Chair in Economics at the American Enterprise Institute in Washington, D.C. He was also Managing Director of Economic Strategies, an economic advisory service based in New York City. During 1999 and throughout 2000 he served as then-Governor George W. Bush’s chief economic advisor for his presidential campaign. He is a former associate professor of Economics at Harvard University.

Lindsey is Chief Executive Officer of the Lindsey Group,[2] which he runs with a former colleague from the National Economic Council and writes for The Wall Street JournalWeekly Standardand other publications. He was a visiting scholar at the American Enterprise Institute.

Controversies

Lindsey is famous for spotting the emergence of the late 1990s U.S. stock market bubble back in 1996 while a Governor of the Federal Reserve. According to the meeting transcripts for September of that year, Lindsey challenged the expectation that corporate earnings would grow 11½ percent a year continually. He said, “Readers of this transcript five years from now can check this fearless prediction: profits will fall short of this expectation.” According to the Bureau of Economic Analysis, corporate profits as a share of national income eroded from 1997 until 2001. Stock prices eventually collapsed, starting their decline in March 2000, though the S&P500 remained above its 1996 level, casting doubt on the assertion that there was a stock market bubble in 1996.

In contrast to Chairman Greenspan, Lindsey argued that the Federal Reserve had an obligation to prevent the stock market bubble from growing out of control. He argued that “the long term costs of a bubble to the economy and society are potentially great…. As in the United States in the late 1920s and Japan in the late 1980s, the case for a central bank ultimately to burst that bubble becomes overwhelming. I think it is far better that we do so while the bubble still resembles surface froth and before the bubble carries the economy to stratospheric heights.” During the 2000 Presidential campaign, Governor Bush was criticized for picking an economic advisor who had sold all of his stock in 1998.[citation needed]

According to the Washington Post,[3] Lindsey was on an advisory board to Enron along with Paul Krugman before joining the White House. Lindsey and his colleagues warned Enron that the economic environment was riskier than they perceived.

Cost of the Iraq War

On September 15, 2002, in an interview with the Wall Street Journal, Lindsey estimated the high limit on the cost of the Bush administration’s plan in 2002 of invasion and regime change in Iraq to be 1–2% of GNP, or about $100–$200 billion.[4][5] Mitch DanielsDirector of the Office of Management and Budget, discounted this estimate as “very, very high” and Defense Secretary Donald Rumsfeld stated that the costs would be under $50 billion.[1] Rumsfeld called Lindsey’s estimate “baloney”.[6]

As of 2007 the cost of the invasion and occupation of Iraq exceeded $400 billion, and the Congressional Budget Office in August 2007 estimated that appropriations would eventually reach $1 trillion or more.[7]

In October 2007, the Congressional Budget Office estimated that by 2017, the total costs of the wars in Iraq and Afghanistan could reach $2.4 trillion. In response, Democratic RepresentativeAllen Boyd criticized the administration for firing Lindsey, saying “They found him a job outside the administration.”[8]

Presidential Campaign Leadership

Lindsey has been a senior advisor to several Republican campaigns. He led the economic team for then Governor George W. Bush’s successful presidential campaign in 2000, earning the trust of the future President who said at the time “I am very fond of Larry Lindsey and I value his advice”. [9] During the 2008 Presidential election, Lindsey served as Fred Thompson’s Senior Economic Advisor. [10] In 2012, Lindsey predicted on election day that Republican Mitt Romney would defeat President Obama. [11] In April 2016, Lindsey supported Ted Cruz over his only remaining opponent, current President Trump, explaining that Cruz was the best candidate because he had an economic program deserving of the “top grade”. [12]

References

  1. Jump up to:ab Wolk, Martin (2006-05-17). “Cost of Iraq war could surpass $1 trillion”. MSNBC. Retrieved 2008-03-10Back in 2002, the White House was quick to distance itself from Lindsey’s view. Mitch Daniels, director of the White House budget office, quickly called the estimate “very, very high.” Lindsey himself was dismissed in a shake-up of the White House economic team later that year, and in January 2003, Defense Secretary Donald Rumsfeld said the budget office had come up with “a number that’s something under $50 billion.” He and other officials expressed optimism that Iraq itself would help shoulder the cost once the world market was reopened to its rich supply of oil.
  2. Jump up^ http://www.thelindseygroup.com/bios/
  3. Jump up^ Once a Friend and Ally, Now a Distant MemoryWashington Post
  4. Jump up^ Davis, Bob (September 16, 2002). “Bush Economic Aide Says the Cost Of Iraq War May Top $100 Billion”The Wall Street Journal. Reprinted in Congressional Record, vol. 148, issue 117, 107th Congress, pp. S8643-S8644.[dead link]
  5. Jump up^ Engel, Matthew (September 17, 2002). “Cost of war put at $200bn, but that’s nothing, says US adviser”The Guardian. Retrieved July 23, 2011.
  6. Jump up^ Bryne, John (2008-03-18). “Price of Iraq war now outpaces Vietnam”. The Raw Story. Archived from the original on 2008-03-21. Retrieved 2008-03-18.
  7. Jump up^ Bender, Bryan (2007-08-01). “Analysis says war could cost $1 trillion”The Boston Globe. Retrieved 2008-03-10.
  8. Jump up^ “Congress told of war costs up to $2.4 trillion by 2017”The Register-Guard. October 25, 2007. Retrieved 2007-10-25.[dead link]
  9. Jump up^ Gosselin, Peter “Bush’s Economic Advisor Lindsey Is Man of Contradictions”LA Times, 02 January 2000.
  10. Jump up^ “Larry Lindsey Named as Fred Thompson’s Senior Economic Advisor”, 17 September 2007.
  11. Jump up^ “Larry Lindsey Changes Election Prediction”,CNBC, 6 November 2012.
  12. Jump up^ “Grading the candidates: Larry Lindsey”,CNBC, 18 April 2016.

External links

https://en.wikipedia.org/wiki/Lawrence_B._Lindsey

Lawrence B. Lindsey

Back to scholar list

  • Tax policy
  • Monetary policy
  • Fiscal policy
  • International economic development
Lawrence B. Lindsey has held leading positions in government, academia, and business. He has been assistant to the president and director of the National Economic Council at the White House. He also served as a governor of the Federal Reserve System, special assistant to the president for domestic economic policy, and senior staff economist for tax policy at the President’s Council of Economic Advisers. Mr. Lindsey taught economics at Harvard University and is currently president and CEO of the Lindsey Group. He is the author of Economic Puppet Masters (AEI Press, 1999) and The Growth Experiment (Basic Books, 1990).

Experience

  • President and CEO, Lindsey Group, 2003-present
  • Assistant to the President for Economic Policy and Director of the National Economic Council, White House, 2001-2002
  • Chief Economic Adviser, George W. Bush Campaign, 1999-2000
  • Arthur F. Burns Scholar in Economics, AEI, 1997-2001
  • Managing Director, Economic Strategies, 1997-2001
  • Chairman, Board of the Neighborhood Reinvestment Corporation, 1993-97
  • Governor, Federal Reserve System, 1991-97
  • Special Assistant to the President for Domestic Economic Policy, White House, 1989-91
  • Associate Professor, Harvard University, 1984-89
  • Citicorp/Wriston Fellow for Economic Research, 1988
  • Senior Staff Economist for Tax Policy, President’s Council of Economic Advisers, 1981-84

Education

Ph.D., M.A., economics, Harvard University
A.B., Bowdoin College

Close

Filter by:

SHAREMark as favorite

Prime Minister Shinzo Abe is attempting an aggressive reform program in order to revitalize the Japanese economy. Can he succeed? We believe he can, but only if he aims his “third arrow” of structural reform at the right target.

SHAREMark as favorite

Mr. Abe’s “Three Arrows” program consists of renewed fiscal stimulus, aggressive monetary easing and significant structural reform. We believe he will succeed—if he aims his “third arrow,” structural reform, at Japan’s capital allocation and corporate governance practices.

SHAREMark as favorite

Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank’s misfortune for their own gain.

SHAREMark as favorite

There can be an appropriate place for government subsidies to influence the choice of vehicle fuel technology. But such choices should be subject to rigorous cost benefit analysis with a high threshold for approval.

SHAREMark as favorite

Quantitative easing won’t solve our deeper problem of slow growth and will probably be part of Fed policy for quite some time.

SHAREMark as favorite

The fiscal stimulus was both so expensive and so badly flawed that it was rendered ineffective; a recent paper that vindicates the plan fails to measure the number of people who found work and the effectiveness with which the Obama stimulus created jobs.

SHAREMark as favorite

Option B defines a problem as being too serious to ignore and thereby requiring resources, yet commits fewer resources than would guarantee success.

SHAREMark as favorite

Both America and Britain are going to have to change the way they provide health care–but through evolution, not sudden or drastic reform.

SHAREMark as favorite

The maze of tax credits that are typically available to low-income individuals under the tax code needs simplifying.

SHAREMark as favorite

Replacing all of the seven different tax credits allowed under the current tax code with a simple policy holds significant promise.

SHAREMark as favorite

At this AEI event, Representative Tom Petri (R-Wisc.) will discuss the combined impact of low-income tax credits on work incentives.

SHAREMark as favorite

SHAREMark as favorite

The Pickens Plan to convert the nation’s truck fleet to natural gas contains a clear justification for government involvement–standard setting that the private market cannot do by itself.

SHAREMark as favorite

Lack of a plan is only one of the problems with President Obama’s economic strategy.

SHAREMark as favorite

For a similar amount of money to the $800 stimulus package billion being discussed, we could give every worker $1,500.

SHAREMark as favorite

SHAREMark as favorite

SHAREMark as favorite

The best stimulus plan is a cut in the payroll tax.

SHAREMark as favorite

Business ethics can help get the economy back on track.

SHAREMark as favorite

Barack Obama faces the most difficult job transition anyone will ever face: moving from campaigning to governing as president of the United States.

SHAREMark as favorite

The government-bailout plan will receive little support until the public finds the benefits in it for them.

SHAREMark as favorite

The FDIC provides a function that conservatives should embrace.

SHAREMark as favorite

Are we headed for a depression?

SHAREMark as favorite

Last Thursday night Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke announced that a consensus had emerged that drastic action was needed to save our financial system–what happened?

SHAREMark as favorite

If we are headed for a depression, it will not be like the memories or pictures from history books we have of the 1930s.

SHAREMark as favorite

Accounting standards need to be rethought.

SHAREMark as favorite

The poll numbers show a modestly positive initial response to Republican vice presidential nominee Sarah Palin.

SHAREMark as favorite

A Newsweek business roundtable looks at the two faces of globalization and whether the United States can stay ahead.

SHAREMark as favorite

The world would dump the currency of any other country that announced an open-ended bank bailout.

SHAREMark as favorite

The government’s backing of Freddie Macand Fannie Maeputs them in a box.

SHAREMark as favorite

As president, Senator Barack Obama would make Social Security a welfare program.

SHAREMark as favorite

Everything you always wanted to know about the housing crash, but were afraid to ask.

SHAREMark as favorite

Both John McCain and Barack Obama need to lay the groundwork for governing during their campaigns.

SHAREMark as favorite

Financial regulators need to remember KISS–Keep It Simple, Stupid–in order to resolve the current financial crisis.

SHAREMark as favorite

The contest for the Democratic presidential nomination is a game of numbers that will rely on the results of Florida and Michigan’s primaries, if they decide to count the votes.

SHAREMark as favorite

The collapse of the home mortgage market and its effect on real estate values and the overall economy is one of the most important problems facing the United States.

SHAREMark as favorite

Hillary Clinton may have lost a few votes in Nevada because of union intimidation, but the Clintons should keep in mind that workers have a lot more to lose from a bill she is supporting.

SHAREMark as favorite

We need an economic stimulus focused on the long run, not Keynesian short-term political spending.

SHAREMark as favorite

Lindsey and Sumerlin offer a series of memos to get the next president up to speed before Inauguration Day.

SHAREMark as favorite

Presidential candidates’ character traits are more important than the issue papers or debate sound bites that get so much attention in the primaries.

SHAREMark as favorite

Presidential candidates’ character traits are more important than the issue papers or debate sound bites that get so much attention in the primaries.

SHAREMark as favorite

SenatorSchumer wants to loose the trial lawyers and the regulators on the mortgage market. That’s the surest way to turn our housing weakness to bust.

SHAREMark as favorite

The shortcomings of the Employee Free Choice Act; is Congress eliminating workers’ right to vote?

SHAREMark as favorite

SHAREMark as favorite

Tax policies punishing entrepreneurship may be dangerous.

SHAREMark as favorite

There are three parts to solving our immigration problems: security, economic participation, and civic integration.

SHAREMark as favorite

It has been five years since the first of the Bush tax cuts, so it is a natural time to look back and evaluate their economic and budgetary effectiveness.

SHAREMark as favorite

If Washington fails to provide a comprehensive system that actually engenders respect for the rules, the rule of law will be damaged to such an extent that it may not recover.

SHAREMark as favorite

By resisting revaluation, Mr. Hu is making China poorer in order to maintain the principle of communist control of the economy and so understands that leaders often must act on principle.

SHAREMark as favorite

How does the rest of the world view the dissolution of the Dubai Ports deal?

SHAREMark as favorite

In 1980, the ideas the Friedmans advocated were considered radical. Today they are in the mainstream of the conservative agenda and many on the left have taken ownership of them.

SHAREMark as favorite

SHAREMark as favorite

The Chinese government’s recent decision to change its currency regime left markets and government officials scratching their heads.

SHAREMark as favorite

One vital position waiting to be filled is assistant attorney general for antitrust–a position exceedingly important for the economic competitiveness of a variety of American industries.

SHAREMark as favorite

The Pension Benefit Guarantee Corporation offers at least as great a short-term challenge as Social Security. Both are in urgent need of fixing. Delay only makes matters worse.

SHAREMark as favorite

Given the critical importance of saving to our nation’s economic future, it is important to make the most of theopportunity to promote national saving offered by Social Security reform.

SHAREMark as favorite

SHAREMark as favorite

Whoever is chosen to succeed Alan Greenspan will inherit an independent Federal Reserve thanks to Greenspan’s navigation of turbulent economic waters over the last two decades.

SHAREMark as favorite

Antitrust policy is one area in which European motives are becoming increasingly hard to defend, even for committed Atlanticists

Read Full Post | Make a Comment ( None so far )

Sidney Powell — License to Lie: Exposing Corruption in the Department of Justice — Videos

Posted on August 4, 2018. Filed under: Banking, Blogroll, Books, College, Communications, Congress, Constitution, Corruption, Crime, Crisis, Culture, Economics, Education, Elections, Employment, Faith, Federal Bureau of Investigation (FBI), Federal Government, Federal Government Budget, Fiscal Policy, Macroeconomics, Monetary Policy, Money, Non-Fiction, Radio, Tax Policy | Tags: , , , , , , , , , , , |

Image result for Sidney Powell -- License to LieImage result for Sidney Powell AttorneySee the source image

 

LICENSED TO LIE: Exposing Corruption in the Department of Justice

‘Licensed to Lie’: Book Event with Sidney Powell

GRPC 2017 Licensed to Lie

Let’s Talk With: Sidney Powell, author of “Licensed to Lie”

Corruption in the U S Legal System | Hannity | November 27, 2017

Former Federal Prosecutor Sidney Powell on the F B I & D O J

Is Loretta Lynch a good choice for Attorney General – Sidney Powell – theDove.us

Out of distrust and disdain, former FBI Director James Comey memorialized his conversations with President Donald Trump from Day1 in FBI memos to his FBI colleagues. Along with his coconspirators James Clapper, John Brennan and others, he planned to set up the incoming president.

Comey had already signed the bogus application for a FISA warrant on Carter Page in October 2016, and after his meeting with President-elect Trump on January 6, 2017, Comeyreported to Clapper. They deliberately placed the incoming president under a cloud of suspicion with leaks of an “investigation” of his connections with the Russians. For months, then, Comey refused to confirm what he repeatedly told the president privately—that Trump was not the subject of the investigation.

Meanwhile, at the request of Democrats in Congress, the Inspector General for the Department of Justice was investigating Comey and his FBI for their conduct of the Clintonemail “matter” for which both sides of the aisle wanted Comey fired.

President Trump fired Comey, finally, on May 9, 2017.

Within a week, on May 16, The New York Times reported that Comey had memos documenting that the president wanted him to shut down the investigation into General Michael Flynn, who had already resigned.

It wasn’t until June we would learn that Comey leaked the memos deliberately to “prompt” the appointment of a special counsel to investigate the whole “Trump-Russia collusion” story. Lacking the integrity even to do it himself, he used his friend and now lawyer Daniel Richman to contact the NY Times for him. Indeed, Comey shared the memos within the FBI and several “close associates.”

Astonishingly, the incomparable Comey immediately got what he wanted. Within 24 hoursof The New York Times story, Deputy Attorney General Rod Rosenstein appointed none other than Comey’s longtime friend and colleague Robert Mueller to be that special counsel which Comey wanted. What a coincidence!

Comey quickly consulted and coordinated with the FBI and Mueller upon his appointment as special counsel—if not before. Within five days, by May 22, 2017, The Hill was reporting that Mueller had been “briefed” on the memos. An unidentified Comey friend said that Mueller would not be surprised by Comey’s testimony before Congress.

Comey then gave that testimony, dropping the bombshell that he had deliberately leaked the memos through his friend at Columbia—precisely “to prompt the appointment of a special counsel.”

Of course, Comey neglected to mention when he testified before Congress that his friend Richman was also serving as a super-secret special employee of the FBI, with special access to the director, since sometime in 2015. Surely, it’s pure happenstance, this is also the time that abuses of the FISA intel escalated dramatically, and by the way, Donald Trump announced his campaign for president.

Appointment of a special counsel is not the kind of thing done overnight—especially when that particular special counsel would be leaving clients at a big law firm, and by the way, had just interviewed for the job of director of the FBI with the primary target of the special investigation. There was a plan.

Was the appointment of Mueller part of Comey’s plan?

How far back Comey’s communications with Mueller go on these issues? Comey recently admitted giving his memos to Mueller early in the process. Exactly how early was that?

Did he call buddy Bob after his first meeting with the president-elect where he set up Trump by informing him only of the “salacious and unverified” “Steele dossier” then ran to his car to begin his “diary” and reported to Clapper that he had completed that mission—causing CNN to run with the explosive story that the president-elect had been briefed on the “investigation”?

Did he call buddy Bob after his meeting with President Trump in which the president told him Flynn was “a good guy”?

We only recently learned from Comey’s illustrious book tour that he also leaked the memos to Patrick Fitzgerald—longtime friend, confidant, God-father to one of his daughters—and the special counsel who wrongfully convicted Scooter Libby. How handy is that? Patrick Fitzgerald is also mentioned in the Strzok-Page text messages as a possible special counsel if needed for Hillary.

Was buddy Bob one of the people like Richman and Fitzgerald to whom Comey “leaked” the FBI memos while he was still director of the FBI?

Comey’s admitted “leak” of the memos, his set-up of President Trump, his role in the FISA abuses and bogus application, and his whitewash of Clinton’s crimes implicate any number of federal criminal statutes, such as 18 U.S.C. §1001(false statements to Congress) and 18 U.S.C. §1503, 1505, or 1512 (varieties of obstruction of justice).

Comey knows the Inspector General of the Department of Justice is working on a mammoth report that will address what the FISA Court has already found to be serious abuses of the law by Comey’s FBI, Fourth Amendment violations against Americans, and violations of FISA by providing raw intel to two private contractors. The Inspector General’s investigation has already caused the replacement of the entire upper echelon of the FBI, including Deputy Director McCabe’s termination and criminal referral.

Yet, remarkably, the incomparable Comey does not seem to have a care in the world as he appears on every friendly platform available to him, preaches his “Higher Loyalty,” and says whatever he wants to say—including contradicting his statements to Congress and asserting now that House Intel Committee Chairman Devin Nunes effort to find the truth is “a danger” to the country.

Is James Comey so narcissistic that he thinks he is invulnerable? Or, has buddy Bob Mueller given him immunity like Comey and the Obama Department of Justice did for the Clinton cabal?

Inquiring minds want to know.

Sidney Powell, former federal prosecutor and veteran of 500 federal appeals, is the author of “LICENSED TO LIE: Exposing Corruption in the Department of Justice.” She is a Senior Fellow of the London Center for Policy Research and senior policy adviser for America First.

http://dailycaller.com/2018/05/15/has-mueller-given-comey-immunity/

MEET THE VERY SHADY PROSECUTOR ROBERT MUELLER HAS HIRED FOR THE RUSSIA INVESTIGATION

Sidney Powell | Former federal prosecutor

Long before Donald Trump ran for president or most people had heard of Paul Manafort, fabled Judge Alex Kozinski proclaimed a veritable epidemic of prosecutorial misconduct. The Wall Street JournalThe Los Angeles Times and even The New York Times joined the Kozinski chorus. Abuses of power by prosecutors have changed the balance of power in the United States Senate and sent countless innocent people to prison.

Prosecutors have unbridled discretion. With the stroke of a pen, they can indict and ruin anyone, while they enjoy immunity from suit and are rarely even rebuked.

Now, those close to the president have crossed the scope of a squad of prosecutors highly trained and experienced in abuses of that power — especially Andrew Weissmann, who just indicted Manafort and Richard Gates.

Mr. Weissmann has been portrayed recently as having “unimpeachable ethics” and as “the prosecutor you would want” if your family member was innocent. He was extolled for having “a hunch” that a former treasurer of Enron was “willing to say more” and would “cooperate.”

But what do the cases and indisputable facts show?

Let’s start with Mr. Weissmann’s “hunch” that young Enron treasurer Ben Glisan was ready to “cooperate.” Mr. Glisan was about 30 years old when Enron CFO Andrew Fastow — then a cover-boy for CFO Magazine — conned Glisan into one of Fastow’s fraudulent get-rich-quick schemes.

Mr. Glisan was an easy squeeze for prosecutors like Mr. Weissmann who honed for their own uses the tactics of organized crime bosses they convicted. Ben Glisan had made a fast million dollars, had a young family, and he was guilty. Weissmann charged him quickly with an onerous 26 counts. Mr. Glisan pleaded guilty to a five-year count and just wanted to do his time. The problem was he refused to “cooperate” with Mr. Weissmann.

Federal authorities took Mr. Glisan to prison. He was placed straight into solitary confinement — a hole of a cell with a slit for light and barely enough room to stand. Men far tougher than Ben Glisan will tell you that 24 hours in solitary confinement can drive a man insane.

Mr. Weissmann and his Enron Task Force left Mr. Glisan in solitary for almost two weeks. The broken Ben Glisan then faced hardened criminals in the daily prison population. That is how Mr. Weissmann got that “hunch.”

As for “the prosecutor you would want if you were innocent,” four former Merrill Lynch executives beg to differ. Mr. Weissmann ran the grand jury interrogating many of the witnesses and at least one of the defendants. He then sat in the courtroom with his arm around Houston Chronicle reporter Mary Flood and oversaw every aspect of the prosecution. The prosecutors obtained convictions against Merrill Lynch employee Bill Fuhs and three superiors.

Mr. Fuhs, like Ben Glisan, was about 30 years old with a young family. He had steadfastly maintained his innocence and merely handled the paperwork for a transaction which had been taken through all the steps within Merrill Lynch by Merrill’s own in-house counsel.

Weissmann’s team vehemently argued against allowing the defendants bail pending their appeals. They sent Bill Fuhs to a maximum security federal transfer facility with the worst federal prisoners imaginable — hundreds of miles from his little children.

Eight months later, the Fifth Circuit Court of Appeals completely exonerated Mr. Fuhs and ordered his release from prison within three weeks of the oral argument — before the court even issued its decision.

Mr. Fuhs will not speak of what he endured.

The Fifth Circuit held that the conduct of the Merrill defendants was not criminal as charged — and the indictment was “flawed.”

Mr. Weissmann had made up a crime.

The Merrill executives suffered up to a year of wrongful imprisonment.  They were allreleased.

As for Mr. Weissmann’s ethics, the ethical rules to which prosecutors are supposed to be held require the prosecutor to disclose all evidence that may be helpful to a defendant. Mr. Weissmann and his team did the opposite.

They yellow-highlighted the statements of witnesses most helpful to the defense long before the trial. They threatened those witnesses with indictments which kept them from talking with the defense, and they gave the defendants incomplete and affirmatively misleading “summaries” of what those witnesses would say.

The Fifth Circuit held the prosecutors “plainly suppressed” evidence favorable to the defense — enough for an ethics violation but not for reversal of the only two convictions that survived the first appeal while the evidence was still hidden.

One of the country’s leading legal ethics experts, Bill Hodes, filed a substantial grievancewith hundreds of pages of exhibits against Mr. Weissmann with the New York Bar. (I co-signed.)

At the time, Mr. Mueller had already brought Mr. Weissmann under his wing at the FBI, so the Department of Justice was defending Mr. Weissmann against the grievance for which he could have been disbarred.

What happened to that grievance?  The New York Bar kept it for several months.

Unexpectedly, we received a declination letter from the “Office of Professional Responsibility” for the Department of Justice. With no notice, the New York Bar had slipped the grievance to the Department of Justice to decide a serious complaint that the Department of Justice was defending.

The federal swamp is deep, dense, and deceiving. It is infested with a corrupt cabal that protects its own, and it can’t be drained fast enough.

Sidney Powell (@SidneyPowell1) was a federal prosecutor in three districts under nine U.S. attorneys from both political parties, then in private practice now for more than 20 years. She is a past president of the Bar Association of the 5th Federal Circuit and of the American Academy of Appellate Lawyers. A veteran of 500 federal appeals, she published “Licensed to Lie: Exposing Corruption in the Department of Justice.” She consulted with Arthur Andersen on appeal and represented one of the Merrill Executives.

http://dailycaller.com/2017/11/20/meet-the-very-shady-prosecutor-robert-mueller-has-hired-for-the-russia-investigation/

A calculated corruptor of justice

Eric Holder leaves a hideous scar on the face of justic

Illustration on Holder's contempt for justice while attorney general by Alexander Hunter/The Washington Times
Illustration on Holder’s contempt for justice while attorney general by Alexander Hunter/The Washington Times more >
– – Thursday, April 23, 2015

ANALYSIS/OPINION:

The first attorney general to be held in contempt of Congress has demonstrated shocking contempt for the law, and the ability to abuse and corrupt it for the political and social agenda of this president. He has assaulted freedom of speech and press at every turn, stonewalled all investigations into widespread corruption within the administration, undermined and obstructed the work of the agencies’ own inspectors general, and targeted individuals who dared challenge any of it. He has tirelessly protected and promoted corrupt prosecutors and scattered ticking time bombs.

Ironically, it was April 1, 2009, when newly sworn Attorney General Eric Holder proclaimed he was dismissing the indictment against former United States Sen. Ted Stevens. He claimed that he did so “in the interest of justice,” and that he would “clean up” the Department of Justice, whose wrongful prosecution of the senator was corrupted by the misconduct of the prosecutors themselves.

Judge Emmet Sullivan, who had presided over the senator’s trial, dismissed the indictment. The prosecutors had engaged in “the most egregious misconduct” he had seen in 25 years on the bench. Judge Sullivan appointed a special prosecutor to investigate the department and its ironically named Public Integrity Section. That investigation uncovered “systematic and intentional concealment of evidence” by the prosecutors.

Of course, Eric Holder immediately fired the prosecutors who had fabricated evidence, suborned perjury, hidden evidence that proved Stevens’ defense, and cost him his seat in the United States Senate. And of course, Mr. Holderconfessed error in the cases of other Alaskans whose convictions the same team of prosecutors had corrupted by using the same witnesses and hiding the same evidence.

Well … actually, no.

Mr. Holder’s prosecutors claimed that the government’s misconduct, deceit and likely obstruction of justice didn’t matter — it wasn’t “material” in the cases of Alaskans Pete Kott and Vic Kohring. That produced two reversals by the 9th U.S. Circuit Court of Appeals and two scathing separate opinions by Judge Betty Fletcher, who would have dismissed the indictments because of “the reprehensible nature of [the department‘s] acts and omissions.”

As for the Stevens prosecutors who were found to have committed intentional misconduct (tantamount to obstruction of justice or subornation of perjury), one served a one-day suspension before the paltry sanctions were reversed on a technical failure of the department itself. Three still work in the department; four moved on to lucrative positions elsewhere.

Eric Holder leaves the department littered with corrupted prosecutions and prosecutors, his own contempt of Congress, numerous Supreme Court reversals and scathing rebukes from federal judges.

The Project on Government Oversight has identified hundreds of instances of intentional or reckless prosecutorial misconduct in the last decade, and Mr. Holder refused to release so much as the names of the prosecutors. Mr. Holder has politicized the department beyond recognition and weaponized every federal agency under it. “Instead of enforcing the rule of law and following legal precedent, he has ignored and twisted the law to suit his president.”

Forty-seven inspectors general of the various agencies wrote an unprecedented letter to Congress to reveal this administration’s obstruction of their investigations.

Of course, there is the Fast and Furious cover-up, in which Mr. Holder asserts executive privilege for emails purportedly to his wife and his mother. Let’s not forget the Internal Revenue Service scandal and the absence of any real investigation of likely criminal conduct by Lois Lerner, others and perhaps the White House. Then there’s the fact that he’s prosecuted more reporters under the Espionage Act than all prior attorneys general put together.

To carry on his legacy of the calculated corruption of justice, he recently installed former Enron Task Force “terror” of a prosecutor Leslie Caldwell as head of the “world’s largest criminal conviction machine.” They have ensconced Andrew Weissmann as head of the powerful fraud section. Ms. Caldwell and Mr. Weissmann sharpened their fangs long ago prosecuting gangsters with none other than incoming Attorney General Loretta Lynch in the notorious Eastern District of New York, where the rules don’t apply to the prosecutors. Ms. Caldwell and Mr. Weissmann destroyed Arthur Andersen LLP and 85,000 jobs only to be reversed by a unanimous Supreme Court.

Mr. Holder leaves a tragic and hideous scar on the face of justice and a corrupt cabal of comrades in his place to perpetuate his Department of (Obstructing and Corrupting) Justice.

• Sidney Powell served for 10 years in the Department of Justice in three federal districts under nine U.S. attorneys from both political parties. Counsel in more than 500 federal appeals, she is the author of “Licensed to Lie: Exposing Corruption in the Department of Justice” (Brown Books, 2014).

https://www.washingtontimes.com/news/2015/apr/23/sindey-powell-eric-holder-corrupter-of-justice/

 

Read Full Post | Make a Comment ( None so far )

Brexit Breaking British Establishment and Prime Minister May with Betrayal of Brexit — Videos

Posted on July 14, 2018. Filed under: Agriculture, Banking, Blogroll, Business, College, Communications, Computers, Congress, conservatives, Constitution, Corruption, Crime, Crisis, Culture, Diasters, Documentary, Education, Elections, Employment, Energy, Entertainment, External Hard Drives, Faith, Family, Farming, Food, Fraud, government spending, Health, Inflation, Investments, liberty, Life, Links, Literacy, Macroeconomics, media, Monetary Policy, Money, Natural Gas, Newspapers, Oil, Philosophy, Political Correctness, Politics, Radio, Radio, Rants, Raves, Raymond Thomas Pronk, Regulations, Resources, Reviews, Security, Strategy, Success, Systems, Tablet, Taxation, Taxes, Technology, Television, Wealth, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , , , |

See the source imageSee the source image

See the source image

See the source image

Nigel Farage on Trump’s ‘bombshell’ Brexit intervention

Brexit: Why Britain Left the European Union

Donald Trump casts doubt on how Brexit will go for Britain – Daily Mail

Donald Trump accuses PM of WRECKING Brexit during UK visit

Trump-May Wrecking Ball: President makes a series of critical comments to British newspaper

Susanna Reid Debates Steve Bannon over Trump’s Brexit Criticism | Good Morning Britain

Press conference : Donald Trump and Theresa May – BBC News

Jacob Rees-Mogg Answers Questions About Chequers Brexit Meeting

NIGEL FARAGE Turned up the heat on May’s Brexit paper – Makes a US trade deal ‘virtually impossible’

“This time – no more Mr Nice Guy” | Nigel Farage talks to James Whale over Brexit chaos

Rees-Mogg PRAISES Trump’s Brexit criticism for pointing out holes in May’s white paper

Theresa May’s Complete Brexit Betrayal

May Defends Brexit Amid Tory Chaos

Prime Minister Theresa May defends Brexit plan

Theresa May addresses David Davis and Boris Johnson resignations – Daily Mail

David Davis explains why he resigned as Brexit Secretary | ITV News

What’s next for Theresa May? – BBC Newsnight

Expert: UK would be in better position on Brexit if not for infighting | In The News

Another Brexit crisis moment for Theresa May

Tory civil war amid plot to bring down PM over Brexit policy

Brexit: Britain’s Great Escape

Brexit: A Very British Coup?

Nigel Farage on returning to politics, Trump, Theresa May and Article 50

Brexit The Movie

Trump tells Theresa May her soft Brexit plan will ‘kill’ any US trade deal after Britain leaves the EU, adds Boris will make a great PM and blames Sadiq Khan for terrorism in explosive start to UK visit

Donald Trump sent the Special Relationship into meltdown today after lobbing a series of extraordinary verbal hand grenades at Theresa May on his visit to the UK.

The US president tore up diplomatic niceties to deliver a series of crushing blows to the PM, warning that her soft Brexit plan would ‘kill’ a trade deal with the US – and heaping praise on Boris Johnson, who quit in protest earlier this week.

Rampaging unapologetically into domestic politics, Mr Trump said Mrs May had ignored his advice to face down the EU in negotiations and condemned slack controls on immigration.

The bombshell intervention left ministers struggling to come up with a response, just hours before Mrs May is due to host the president at Chequers for talks on the second anniversary of her premiership.

Downing Street is braced for him to double down on his criticism at a joint press conference in what could be a devastating humiliation as she struggles to cling on to power amid a huge revolt by Tory Eurosceptics.

Foreign Office minister Alan Duncan was sent out to try to put a brave face on the embarrassment this morning, stretching credibility by insisting the government did not regard Mr Trump’s behaviour as ‘rude’.

‘Donald Trump is in many ways a controversialist, that’s his style, that’s the colour he brings to the world stage,’ he told BBC Radio 4’s Today programme.

Chancellor Philip Hammond, in Brussels for meetings, suggested the president had not yet studied the government’s Brexit plans properly.

But many MPs made no effort to hide their outrage – with universities minister Sam Gyimah tweeting: ‘Where are your manners, Mr President?’

Tory backbencher Sarah Wollaston raged that Mr Trump was ‘determined to insult’ Mrs May. In a sign of the growing chaos in UK politics, shadow foreign secretary Emily Thornberry also leapt to Mrs May’s defence, branding him ‘extraordinarily rude’.

 ‘She is his host. What did his mother teach him?’ Mrs Thornberry said.

US President Donald Trump and First Lady Melania Trump are welcomed at Blenheim Palace by Britain Prime Minister Theresa May and her husband Philip May

From left, first lady Melania Trump, President Donald Trump, British Prime Minister Theresa May and her husband Philip May watch during the arrival ceremony at Blenheim Palace

Awkwardly grabbing Theresa May hand – in a replay of their White House meeting last year – Trump was treated to a fanfare welcome by the Scots, Irish and Welsh Guards bands

Video playing bottom right…
President Trump's wife Melania wore a floor-length, pleated buttercup yellow gown for her first visit to Britain as First Lady

Trump and Melania in formal attire

President Trump and his wife walked hand-in-hand to Marine One which flew them from London to the evening’s gala dinner

US First Lady Melania Trump, US President Donald Trump, Britain's Prime Minister Theresa May and her husband Philip May stand on steps in the Great Court watching and listening to the bands of the Scots, Irish and Welsh Guards perform a ceremonial welcome

Theresa May has used a lavish welcome dinner for Donald Trump at Blenheim Palace to press her case for an ambitious new trade deal with the US after Brexit

Theresa May has used a lavish welcome dinner for Donald Trump at Blenheim Palace to press her case for an ambitious new trade deal with the US after Brexit

Britain's Prime Minister Theresa May (L) and her husband Philip May

Trump and May

Fanfare: Bandsmen from the Scots, Welsh and Irish Guards welcomed the Presidential party to Blenheim Palace last night

Dignitaries including International Trade minister Liam Fox (centre) awaited the President's arrival for the Blenheim dinner

Mr Trump’s outburst emerged last night just as Mrs May feted him at a lavish business dinner at Blenheim Palace – the family home of his hero Winston Churchill in Oxfordshire.

As the leaders posed for the cameras, even holding hands at one point, it was revealed that Mr Trump had launched a full-scale attack on Mrs May’s leadership in an interview with The Sun before arriving in Britain.

Giving a withering assessment of her Brexit plan to align with EU rules to ease trade and keep a soft Irish border, he said: ‘If they do a deal like that, we would be dealing with the European Union instead of dealing with the UK, so it will probably kill the deal. I actually told Theresa May how to do it, but she didn’t listen to me’.

Sources close to the president earlier warned that a lucrative transatlantic trade deal would be impossible if the UK keeps close ties with Brussels – effectively meaning Britain must choose between the US and EU.

In an interview with the British newspaper, Mr Trump said he thought Boris Johnson would make a ‘great prime minister’ and that he was ‘saddened’ the former foreign secretary was out of the government.

The president also renewed his war of words with Sadiq Khan, saying the London mayor has ‘done a very bad job on terrorism’.

He said he thought that allowing ‘millions and millions’ of people into Europe was ‘very sad’ and pointed to crime being ‘brought in’ to London, criticising the Labour mayor for failing to deal with it.

Europe, he added, is ‘losing its culture’ because of mass migration and warned it will never be the same again unless leaders act quickly.

‘Look around,’ he said. ‘You go through certain areas that didn’t exist ten or 15 years ago.’ He added: ‘Allowing the immigration to take place in Europe is a shame.’

The White House tried to go on cleanup duty after the explosive interview.

‘The President likes and respects Prime Minister May very much,’ White House press secretary Sarah Sanders said in a statement.

‘As he said in his interview with the Sun she ‘is a very good person’ and he ‘never said anything bad about her.’ He thought she was great on NATO today and is a really terrific person.’

Donald Trump and Theresa May give press conference at Chequers
Protests against Mr Trump are taking place in central London today, with a 'Baby Trump' blimp flying in Parliament Square

In an apparent plea to the president to remember his allies when he meets Vladimir Putin in Helsinki in Monday, May noted that Britain and America work closely together in the interests of their shared security, 'whether through targeting Daesh terrorists or standing up to Russian aggression'

She continued: ‘He is thankful for the wonderful welcome from the Prime Minister here in the U.K.’

Discussing protests – including the decision by anti-Trump activists to fly a giant blimp of the president wearing a nappy over the capital – he said they made him feel unwelcome in London.

He added that he used to love the city, but now feels little reason to go there because of the animosity directed towards him.

But he did say he respected the Queen, telling The Sun she is a ‘tremendous woman’ who has never made any embarrassing mistakes.

And the president also said he loves the UK and believes the British people ‘want the same thing I want’.

Mrs May had been trying to use the lavish welcome dinner for Mr Trump at Blenheim Palace to press her case for an ambitious new trade deal with the US after Brexit.

The president arrived in Marine One in a tuxedo alongside First Lady Melania, wearing a floor-length, pleated buttercup yellow gown.

Awkwardly grabbing Theresa May’s hand – in a replay of their White House meeting last year – Trump was treated to a fanfare welcome by the Welsh, Irish and Scots Guards’ bands.

The president was given a performance of Amazing Grace featuring a bagpipe solo during his red-carpet reception as well as Liberty Fanfare and the National Emblem.

Critics of the Prime Minister’s proposals for future relations with the EU claim that her willingness to align with Brussels rules on agricultural produce will block a US deal.

That is because Washington is certain to insist on the inclusion of GM crops and hormone-enhanced beef, which are banned in Europe.

But addressing the US president in front of an audience of business leaders at Winston Churchill’s birthplace, Mrs May insisted that Brexit provides an opportunity for an ‘unprecedented’ agreement to boost jobs and growth.

Noting that more than one million Americans already work for British-owned firms, she told Mr Trump: ‘As we prepare to leave the European Union, we have an unprecedented opportunity to do more.

Mrs May said that the history, language, values and culture shared by the UK and US 'inspire mutual respect' and make the two nations 'not just the closest of allies, but the dearest of friends'

A member of security cleans the limousine of U.S. President Donald Trump and First Lady Melania Trump at Blenheim Palace this evening 

President Trump is welcomed to Blenheim Palace by Theresa May
‘It’s an opportunity to reach a free trade agreement that creates jobs and growth here in the UK and right across the United States.

‘It’s also an opportunity to tear down the bureaucratic barriers that frustrate business leaders on both sides of the Atlantic.

‘And it’s an opportunity to shape the future of the world through co-operation in advanced technology, such as artificial intelligence.’

She also highlighted the importance of trans-Atlantic business links to a president who has sometimes seemed more interested in forging new links with former adversaries around the world than nurturing long-standing partnerships.

And she told the president: ‘The strength and breadth of Britain’s contribution to the US economy cannot be understated.

‘The UK is the largest investor in the US, providing nearly a fifth of all foreign investment in your country.

‘We invest 30 per cent more than our nearest rival. More than 20 times what China invests. And more than France and Germany combined.

‘That all means a great deal more than simply numbers in bank accounts.

Trump says May’s Brexit plan may not be what Britons ‘voted for’

The Duke of Malborough, James Spencer-Churchill (right in both photos above), with his son The Marquess of Blandford, who both welcomed the Trumps to their ancestral home Blenheim Palace

Defence Secretary Gavin Williamson arrives in a tuxedo at Blenheim Palace as President Donald Trump is given a formal welcome Defence Secretary Gavin Williamson arrives in a tuxedo at Blenheim Palace as President Donald Trump is given a formal welcome
Guests are expected to enjoy a meal of Scottish salmon, English beef and a desert of strawberries and cream. Pictured: William Hague arrives 

Foreign Secretary Jeremy Hunt and his wife Lucia arrive at Blenheim Palace, Oxfordshire, for a dinner hosted by Prime Minister Theresa May for President Donald Trump 

‘It means jobs, opportunities and wealth for hardworking people right across America.’

British firms represented at the Blenheim banquet alone employ more than 250,000 people in the US, she said.

Mr Trump earlier made clear that he did not approve of the softer stance the PM has been advocating despite fury from many Tory MPs.

‘Brexit is Brexit, the people voted to break it up so I would imagine that is what they’ll do, but they might take a different route. I’m not sure that’s what people voted for,’ Mr Trump said.

Mrs May dismissed the criticism as she departed the summit this afternoon, telling journalists: ‘We have come to an agreement at the proposal we’re putting to the European Union which absolutely delivers on the Brexit people voted for.

‘They voted for us to take back control of our money, our law and our borders and that’s exactly what we will do’.

Protesters against Donald Trump gather outside Blenheim Palace
The Presidential helicopter Marine One ferried the Trumps from the US ambassador's residence in London to Blenheim Palace

Protesters gathered at the security fence watch as US President Donald Trump and US First Lady Melania Trump leave in Marine One from the US ambassador's residence, Winfield House

Several protesters hold up their placards outside Blenheim Palace, where President Donald Trump will have dinner tonight

Anti-Trump activists gather outside the 'Ring of Steel' fence put up to secure the president when he stays in Regent's Park, London 

The protesters promised to create a 'wall of sound' outside the official US ambassador's residence. Above, a woman strikes a colander with a ladle while others hold up signs expressing disapprobation of the president

Mr Trump also said the UK was a ‘pretty hot spot right now’ with ‘lots of resignations’.

‘Brexit is – I have been reading about Brexit a lot over the last few days and it seems to be turning a little bit differently where they are getting at least partially involved back with the European Union,’ he said.

‘I have no message it is not for me to say…’

He added: ‘I’d like to see them be able to work it out so it can go quickly – whatever they work out.

‘I would say Brexit is Brexit. When you use the term hard Brexit I assume that’s what you mean.

‘A lot of people voted to break it up so I would imagine that’s what they would do but maybe they are taking a little bit of a different route. I don’t know if that’s what they voted for.

‘I just want the people to be happy…..I am sure there will be protests because there are always protests.’

Speaking about the prospect of demonstrations in the UK over his visit, Mr Trump told reporters: ‘They like me a lot in the UK. I think they agree with me on immigration.’

Anti-Trump protesters gather outside Blenheim Palace
Angry anti-Trump activists hold up signs and bang pots and colanders outside the US ambassador's Regent's Park residence 

Angry anti-Trump activists hold up signs and bang pots and colanders outside the US ambassador’s Regent’s Park residence

He added: ‘I think that’s why Brexit happened.’

Mrs May was joined at Blenheim by ministers including Chancellor Philip Hammond, Foreign Secretary Jeremy Hunt, Defence Secretary Gavin Williamson, Trade Secretary Liam Fox, Business Secretary Greg Clark, Transport Secretary Chris Grayling and her effective deputy David Lidington.

Boris Johnson missed out on a seat at the table by resigning as foreign secretary on Monday in protest at Mrs May’s Brexit policy, though Mr Trump has said he might try to speak to him during his visit.

Mrs May, dressed in an ankle length red gown and red high heeled shoes, and her husband Philip, in black tie, welcomed Mr Trump and wife Melania to the gala dinner on the first evening of the President’s working visit to the UK.

Mrs Trump was dressed in a floor length yellow ball gown.

In a near replay of their famous hand-holding at the White House, the president briefly took Mrs May’s hand as they went up the stairs into the palace.

The Trumps arrived from London by Marine One helicopter before being driven in the armoured presidential limousine, nicknamed The Beast, to the opulent 18th century palace near Woodstock in Oxfordshire.

Built for the Duke of Marlborough in recognition of his military victories and named a Unesco World Heritage Site, Blenheim is one of a series of historic architectural gems Mr Trump will visit on a four-day trip.

His arrival was marked by a military ceremony, with bandsmen of the Scots, Irish and Welsh Guards playing the Liberty Fanfare, Amazing Grace and the National Emblem.

Leaders of the financial services, travel, creative, food, engineering, technology, infrastructure, pharmaceutical and defence sectors were among around 100 guests who dined on Scottish salmon, English Hereford beef fillet and strawberries with clotted cream ice-cream.

Mrs May told him: ‘Mr President, Sir Winston Churchill once said that ‘to have the United States at our side was, to me, the greatest joy’.

‘The spirit of friendship and co-operation between our countries, our leaders and our people, that most special of relationships, has a long and proud history.

‘Now, for the benefit of all our people, let us work together to build a more prosperous future.’

Mrs May said that the history, language, values and culture shared by the UK and US ‘inspire mutual respect’ and make the two nations ‘not just the closest of allies, but the dearest of friends’.

Blenheim’s glorious history: From 18th century gift to a victorious general to birthplace of Winston Churchill

Presented by Queen Anne to the Duke of Marlborough, John Churchill in 1704, Blenheim Palace has always been a symbol of British pride.

The astonishing Oxfordshire pile has seen everything from Sir Winston Churchill’s birth in 1874 to two World Wars in which it acted both as a military hospital and a college for boys.

Churchill, who also married his wife, Clementine Hozier at the palace once said: ‘At Blenheim I took two very important decisions; to be born and to marry. I am content with the decision I took on both occasions…’

The baroque-style site set in 11,500 acres was listed as a World Heritage site by UNESCO in 1987 and is owned by 13 trustees including Sir Rocco Forte of Rocco Forte Hotels.

Currently the 12th Duke of Marlborough, Jamie Blandford, and his family live in a section of the palace, although he does not appear to be on the board of trustees.

The astonishing Oxfordshire pile has seen everything from Sir Winston Churchill’s birth in 1874 to two World Wars in which it acted both as a military hospital and a college for boys

Churchill, who also married his wife, Clementine Hozier at the palace once said: ‘At Blenheim I took two very important decisions; to be born and to marry. I am content with the decision I took on both occasions...’

Churchill, who also married his wife, Clementine Hozier at the palace once said: ‘At Blenheim I took two very important decisions; to be born and to marry. I am content with the decision I took on both occasions…’

In more recent years, Blenheim has been used as a set in a number of blockbuster films.

The famous ‘Harry Potter tree’ that appeared in Severus Snape’s flashback scene in Harry Potter and the Order of the Phoenix still stands in the palace grounds, despite fears the ancient Cedar had developed a deadly disease two years ago.

The palace’s additional film credits include the James Bond film, Spectre 007, in which it doubled as Rome’s Palazzo Cadenza, and Mission Impossible – Rogue Nation, in which the building’s Green Writing Room acted as the set for a crucial meeting between the British Prime Minister and a secret agent.

Perhaps Mission Impossible’s location team were inspired by the events of September 1940, when MI5 used Blenheim Palace as a real-life base.

Originally called Woodstock Manor, the land was given to the first Duke of Marlborough by the British in recognition of an English victory over the French in the war of the Spanish Succession.

A Column of Victory stands central to the 2,000 acres of parkland and 90 acres of formal garden landscaped by Lancelot ‘Capability’ Brown.

At 134ft-tall the monument depicts the first Duke of Marlborough as a Roman General.

Meanwhile the magnificent Baroque palace was designed by Sir John Vanbrugh who reportedly aimed to create a ‘naturalistic Versailles’.

In an apparent plea to the president to remember his allies when he meets Vladimir Putin in Helsinki in Monday, she noted that Britain and America work closely together in the interests of their shared security, ‘whether through targeting Daesh terrorists or standing up to Russian aggression’.

The Countess of Wessex’s Orchestra played British and American hits of the 20th century during dinner.

And Mr Trump, whose mother was Scottish, was due to be piped out by the Royal Regiment of Scotland as he and Melania left to spend the night at the US ambassador’s residence in London’s Regent’s Park.

Outside the palace gates, several hundred protesters waved banners and placards reading Dump Trump, Not Welcome Here, Protect children Not Trump and Keep Your Tiny Hands Off My P****!

Trump touched down in Britain for his first official visit early yesterday after landing at Stansted Airport

He said: ‘I think they like me a lot in the UK’

Most people, a number of whom said they worked at the embassy in London, were tight-lipped as they left a secured area in the park near the US ambassador’s residence, where Mr Trump and his wife Melania stayed overnight.

Some cited ‘job restrictions’ while another said he was wary of the press. But one woman said Mr Trump had given a ‘short speech’ which she described as ‘lovely’.

US President Donald Trump and First Lady Melania were given a guard of honour by the RAF after arriving in the UK today

US President Donald Trump and First Lady Melania were given a guard of honour by the RAF after arriving in the UK today

Earlier President Trump and Melania walked from Air Force One as they landed at Stansted Airport this afternoon
Britain's most elite counter terrorism police unit CTSFO are also shadowing the US President during his high-profile stay

The exterior of The Trump Arms public house in west London, formally named The Jameson, which has embraced the arrival of US President Donald Trump. Damien Smyth, from County Antrim in Northern Ireland, runs the establishment. He told the i newspaper: “America is our biggest ally. They’re our best friends in the world. They’d be the ones here first if something went wrong – not Germany, not France. I think these people protesting his visit are rude and insulting”

Donald Trump raises his fist in the air as he lands at the US Ambassador's historic London home at the start of his four-day tour
Donald Trump raises his fist in the air as he lands at the US Ambassador’s historic London home at the start of his four-day tour
Marine One carrying The Donald and his wife passes the BT Tower and comes in to land at the US Ambassador's central London residence this afternoon

Another man, who did not wish to give his name, said: ‘It was very complimentary to England and to the allies that we have, very positive.’

The US President, 72, who will meet the Prime Minister and Queen during a four-day red carpet visit, landed at Stansted Airport on Air Force One at just before 2pm and walked off hand-in-hand with First Lady Melania.

America’s Commander-in-Chief has 1,000 of his own staff in the UK and a giant motorcade led by his bomb-proof Cadillac nicknamed ‘The Beast’ as well as multiple helicopters including Marine One to fly him around.

The President and his First Lady were met on the tarmac by US Ambassador Woody Johnson and UK Trade Secretary Liam Fox before he was whisked off to Mr Johnson’s house near Regent’s Park.

Earlier Mr Trump gave an extraordinary press conference in Brussels after giving NATO leaders a bruising over defence cash, where he wrote off protesters and said Theresa May’s Brexit deal probably wasn’t what Britons voted for.

When asked about the threat of mass demonstrations he said: ‘I think it’s fine. A lot of people like me there. I think they agree with me on immigration. I think that’s why Brexit happened’.

President Donald Trump and First Lady arrive at Stansted Airport
Donald Trump salutes the US Marines who flew him from Stansted to Regent's Park in London on the first day of his four-day tour

Donald Trump salutes the US Marines who flew him from Stansted to Regent’s Park in London on the first day of his four-day tour

Mr Trump and Melania hold hands and talk to US Ambassador Woody Johnson, who will give them a place to stay tonight

Mr Trump and Melania hold hands and talk to US Ambassador Woody Johnson, who will give them a place to stay tonight

Marine One, the President's helicopter, is one of a large number of aircraft he has brought with him for the British visit (shown here landing with him inside)

His aerial entourage followed him, and included an Osprey helicopter carrying elite troops from the US Marine Corps protecting him in the UK

His aerial entourage followed him, and included an Osprey helicopter carrying elite troops from the US Marine Corps protecting him in the UK

Protesters, meanwhile, staged a noisy gathering near Winfield House where Trump and his wife Melania spent the night.

A large group of demonstrators adopted an alternative version of England’s World Cup anthem Three Lions as they sang and shouted, ‘He’s going home, he’s going home, he’s going, Trump is going home’ in Regent’s Park.

A wide range of campaigners, including unions, faith and environmental groups came together to unite in opposition to Mr Trump’s visit to the UK, organisers said.

Bells and whistles rang out alongside cheers and claps for speakers throughout the protest, staged near the US ambassador’s official residence, as the crowd was encouraged to shout loudly in the hope Mr Trump could hear.

Placards including ‘Dump Trump’ and ‘Trump not welcome’ were held aloft by the enthusiastic crowd before some began banging on the metal fence which has been erected in the park.

A clip of what organisers said was the sound of children crying at the US border after being separated from their parents was played and described by those listening as ‘disgusting’.

Donald Trump's motorcade speeds through Regent's Park led by elite British police from Scotland Yard

Marine One comes in to land at the US Ambassador's central London residence this afternoon, which sits next door to the London Central Mosque in Regent's Park (minaret pictured)

Days of protests are planned for The Donald's visit, including a march through central London tomorrow and everywhere he is visiting 

The 'Nuclear Football' - the suitcase containing the United States' nuclear codes - is shown being carried by a member of Trump's entourage after the president landed in Stansted 

This giant and controversial Trump balloon showing the world leader in a nappy will be flying over London this weekend

Sam Fullerton from Oklahoma said while Mr Trump may not see the protest from Winfield House which is set back inside the fenced-off area in the park, he hoped he would hear it or see it on television.

Mr Fullerton said: ‘He watches a lot of TV so he’ll see it on TV. Or they may be out in the backyard.’

His wife Jami, a Hillary Clinton supporter, said the protest was ‘democracy at its finest’.

‘I’m here to witness democracy outside of our own country to see how other democratic societies express themselves,’ she said.

‘I think it’s great. The British are pretty gentle people.’

John Rees, of the Stop The War group, described Mr Trump as a ‘wrecking ball’ as he addressed those gathered.

He said: ‘He’s a wrecking ball for race relations, he’s a wrecking ball for prosperity, he’s a wrecking ball for women’s rights, he’s a wrecking ball for any peace and justice in this world and we have to stop him.’

Some of those gathered said they planned to stay for Mr Trump’s return after the First Couple dine at Blenheim Palace with Theresa May.

http://www.dailymail.co.uk/news/article-5948311/Theresa-presses-Trump-post-Brexit-trade-deal-tears-bureaucratic-barriers.html

 

Brexit crisis – what´s next for Theresa May?

The resignations of Boris Johnson and David Davis over Theresa May’s Brexit plans have fuelled fevered speculation that the Prime Minister could face a leadership challenge. Here are some key questions answered:

– How would rivals launch a leadership challenge?

To trigger a no-confidence vote in the PM, 15% of Tory MPs must write to the chairman of the backbench 1922 Committee, currently Sir Graham Brady.

With 316 Conservative MPs in the House of Commons, Sir Graham must receive 48 letters to call a ballot.

– Are there enough?

According to reports, Sir Graham told a meeting on Monday night that he had not received the 48 letters required.

There are believed to be around 60 backbenchers in the Eurosceptic European Research Group (ERG), along with many others who would like to see a “harder” Brexit than the version set out at Chequers last week, making Mrs May vulnerable to an anti-EU revolt.

The ERG’s chairman, Jacob Rees-Mogg, has said he has not sent a letter to the 1922 Committee, and expects Mrs May to remain in office at least until Brexit Day in March 2019. Others may take their lead from him.

Brexit

– Who might take on the Prime Minister?

Mr Johnson and Mr Davis could be the front-runners in the event of a no-confidence vote, although other figures may launch bids of their own.

In his resignation letter, Mr Johnson did not back Mrs May to stay on as Prime Minister, while Mr Davis said she should.

According to the Daily Mail, Mr Rees-Mogg said on Monday night that Mr Johnson would make an “brilliant” prime minister.

– What if Mrs May refuses to stand aside?

If she chose to fight, she would need the support of more than 50% of Conservative MPs – currently 159 – in the confidence vote to stay in office.

But even if she achieved that threshold, a narrow victory would seriously undermine her authority and may lead her to question whether it was worth carrying on.

If she lost the vote, she would not be able to stand in the subsequent leadership contest, arranged by the chairman of the ’22.

– Why would critics not want to challenge Mrs May?

There are a number of issues that may make Eurosceptic critics hold back from an attempt to unseat the PM.

Theresa May holding a cabinet meeting in 2016

Theresa May holding a cabinet meeting in 2016

Aside from the loyalty which MPs naturally feel towards their leader, many are concerned that Mrs May’s removal could plunge the party into chaos, with no obvious replacement lined up, potentially setting the scene for Jeremy Corbyn to seize power in a new general election.

Some Brexiteers think the most crucial issue is to ensure that Britain actually leaves the EU in March next year, and feel that whatever arrangements Mrs May has secured can always be renegotiated once that point has been reached.

– What has she said?

Mrs May raised the prospect of a Jeremy Corbyn-led government to appeal for Tory unity on Brexit at a meeting of the ’22 on Monday night.

She said the alternative to the party coming together could be a left-wing Labour administration.

http://www.dailymail.co.uk/wires/pa/article-5936859/Brexit-crisis–s-Theresa-May.html

 

Ministers tell big business to stop ‘undermining’ Theresa May on Brexit in fears of increasing the risk of a bad deal with the EU

BY Georgina Downer

It’s been almost a year since the United Kingdom formally notified the European Union of its intention to leave the EU. Since then, the UK and EU have been engaged in intense negotiations about the mechanics of Brexit, all with a view to the UK’s formal departure on 29 March 2019. In the meantime, British Prime Minister Theresa May called a snap general election in June 2017 in order to boost her majority and negotiating mandate – a strategy that failed dismally and delivered her a minority governmentand shaky hold on her own job.

The atmosphere in the UK is still intensely divided, with polls indicating support for Leave and Remain almost neck and neck. That said, more Britons than not think the UK should go ahead with Brexit rather than attempt to reverse the referendum result.

UK–EU negotiations have been tetchy and at times chaotic. There is no precedent for leaving the EU, only acceding to it, so both sides are in uncharted territory trying to disentangle the mess that is a 45-year EU membership. Further, the referendum result gave the UK Government no direction on the nature of the post-Brexit relationship with the EU. Among those who sensibly accept that Brexit is a fait accompli, two sides claim legitimacy for their own version of the result: the choice between hard or soft Brexit.

Hard Brexit means leaving both the EU’s Customs Union and Single Market, ending the EU budget payments and withdrawing from the jurisdiction of the European Court of Justice. Soft Brexit means the UK leaves the EU but remains part of the Customs Union and/or Single Market, as a sort of quasi-EU member without voting power and perhaps with less constraints on its sovereignty.

If the UK wants to sign its own Free Trade Agreements (FTAs) – and all indications are that it does aspire to FTAs with Australia, the United States, and even to joining the Trans-Pacific Partnership – then it must leave the Customs Union. The EU Customs Union creates a trading area with a common external tariff, but within which there are no tariffs or quotas. Individual member states do not have the authority to enter into their own FTAs. Rather, the European Commission negotiates and enters into these agreements on behalf of the EU.

If the UK wants to restrict the movement of EU citizens to the UK – and, again, the indications are that the British people want this – then it cannot be a member of the Single Market whose “four freedoms” require member states to grant the free movement of people, goods, services, and capital.

Simply put, Theresa May and her government are largely in favour of a hard Brexit (articulated in May’s recent Mansion Housespeech), while the Opposition Leader Jeremy Corbyn favours a have-your-cake-and-eat-it soft Brexit.

With elections not due until May 2022, Corbyn’s position on Brexit as laid out in his recent Coventry speech is more posture than policy. (He wants a new, bespoke UK–EU Customs Union that would allow the UK to enter into its own trade agreements.) Brexit will be done and dusted by the time he gets a chance at the top job. Corbyn’s agenda, rather, is to place maximum pressure on an already weakened Theresa May, perhaps claim her scalp, and set himself up to lead Labour to a win in four years’ time.

In the meantime, when she’s not taking heat from Corbyn during Prime Minister’s Questions in the House of Commons, May must deal with the European Commission’s Chief Negotiator, Frenchmen Michel Barnier.

The EU’s latest offering in the negotiations is the Draft Withdrawal Agreement released on 28 February 2018. While the document raised many contentious issues, including the nature and length of the implementation or transition period, the biggest debate has raged over the treatment of the EU–UK border between the Republic of Ireland and Northern Ireland. May has made the maintenance of a “soft border” between the Republic of Ireland and Northern Ireland a negotiating red line for the UK, given the impact any change could have on the hard-won peace in Northern Ireland.

While much remains up in the air in the UK–EU negotiations, a few issues have settled relatively quickly. For example, the rights of EU citizens currently living in the UK, and vice versa, are secure. These citizens can remain in their host country indefinitely after 29 March 2019 by applying for “settled status”, and then citizenship. Further, on the so-called Brexit divorce bill, depending on the final agreement, the UK has agreed to pay the EU a staggering £35–39 billion.

Whatever the nature of the final deal struck, it will need approval by the British Parliament. May’s numbers in the House of Commons are wafer thin – she holds government with the support of 10 Democratic Unionist Party MPs from Northern Ireland – and the 11 Brexit rebels in her own party could prove problematic if they don’t like the final deal.

The Brexit negotiations, the implementation of the final deal, and the ramifications of whatever is agreed are not going away anytime soon. Britain might be technically free of the EU on 30 March 2019, but just how free remains an extremely vexed question.

https://www.lowyinstitute.org/the-interpreter/choice-between-hard-or-soft-brexit

Read Full Post | Make a Comment ( None so far )

March 16, 2018, Story 1: National Debt Hits $21,000,000,000 and Rising Rapidly Burdening American People — Government Spending Is Out of Control — Videos

Posted on March 16, 2018. Filed under: American History, Articles, Banking, Blogroll, Business, College, Computers, Congress, Constitution, Corruption, Crime, Crisis, Culture, Documentary, Economics, Education, Elections, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Fraud, history, History of Economic Thought, Illegal, Immigration, Inflation, Internal Revenue Service (IRS), Investments, IRS, Journalism, Law, Legal, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Money, People, Philosophy, Photos, Police, Politics, Radio, Rants, Raves, Raymond Thomas Pronk, Regulations, Spying, Strategy, Talk Radio, Taxation, Taxes, Technology, Terrorism, Trade Policiy, Unemployment | Tags: , , , , |

See the source image

See the source image

See the source image

 

See the source image

U.S. Debt Clock

http://www.usdebtclock.org/

 

David Stockman – 1980’s growth was debt fueled by the Junk bond fiasco

Trump’s tax plan won’t generate revenue: David Stockman

Can Trump slow down the national debt?

Donald Trump’s $20 Trillion Problem

THIS is How the U.S. Accumulated $21 Trillion in Debt Without COLLAPSING!

Japans Debt Problem Visualized

National debt hits $21 trillion

Read Full Post | Make a Comment ( None so far )

Story 1: U.S. Personal Consumption Spending and Inflation Rising — Videos

Posted on December 22, 2017. Filed under: American History, Banking, Blogroll, Business, College, Communications, Computers, Congress, Culture, Economics, Education, Elections, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, government spending, Health, history, Illegal, Immigration, Inflation, Investments, Journalism, Law, Legal, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Money, People, Philosophy, Photos, Politics, Raves, Raymond Thomas Pronk, Resources, Success, Talk Radio, Tax Policy, Taxation, Taxes, Technology, Video, Welfare, Work, Writing | Tags: , , , , |

Story 1: U.S. Consumption Spending and Inflation Rising — Videos

Image result for consumer spendings

See the source image

See the source image

See the source image

See the source image

See the source image

See the source image

U.S. Inflation Gains in Nov., While Core CPI Cools

Will retail earnings get a boost from consumer spending increase?

Gary Shilling Explains Why The US Should Focus Less On Consumption

What is inflation? | Inflation | Finance & Capital Markets | Khan Academy

What Is Consumer Price Index (CPI)? | Show Me | NBC News

U.S. Consumer Spending Tops Forecasts as Inflation Accelerates

U.S. consumer spending rose more than forecast in November and the Federal Reserve’s preferred inflation gauge advanced to an eight-month high, signs of economic vitality that should keep the central bank on track to raise interest rates gradually in 2018.

Purchases rose 0.6 percent after a 0.2 percent advance that was less than previously estimated, Commerce Department figures showed Friday. The median forecast in a Bloomberg survey called for a 0.5 percent gain. Incomes rose 0.3 percent, slightly below projections, though the three-month gain was the fastest since early 2017.

While partly reflecting rising prices and spending related to energy, the results indicate strength in consumption, which accounts for about 70 percent of the economy and is likely to drive U.S. growth again this quarter. Inflation moving closer to the Fed’s target may also reinforce expectations for interest- rate hikes next year under incoming Chairman Jerome Powell, and tax legislation awaiting President Donald Trump’s signature could provide a further boost to the economy.

One caveat: The report showed Americans’ spending is increasingly coming at the expense of storing up funds. The saving rate fell to 2.9 percent in November, the lowest since November 2007, just before the last recession began.

What Our Economists Say…

The results “support Bloomberg Economics’ forecast for consumer-spending growth to accelerate in the fourth quarter to the fastest pace since the beginning of the year. Importantly, robust personal spending is supported by strong income gains in November, suggesting that households are well-positioned to spend in the near term. Income gains should intensify going into the next year as wage pressures increase.”

— Yelena Shulyatyeva, Bloomberg Economics

For more on the data from BE, click here.

The Fed’s preferred inflation gauge — tied to consumption — rose 0.2 percent in November from the previous month and 1.8 percent from a year earlier, the fastest since March. Excluding food and energy, so-called core prices rose 0.1 percent from October and 1.5 percent from November 2016, matching estimates.

Inflation has missed the central bank’s 2 percent target for most of the past five years. While energy prices have helped drive the pickup in headline inflation, the rise in the core gauge should also hearten Fed officials, who expect inflation will slowly reach their goal as transitory downward pressures dissipate.

With steady hiring and rising stock and home prices boosting households’ ability to increase purchases, some analysts project the holiday season will be the best since before the recession began. Recent government figures showed retail sales rose more than forecast in November amid broad-based demand.

The latest results follow Commerce Department figures released Thursday that showed third-quarter gross domestic product grew at a 3.2 percent annualized pace, revised down slightly though still the fastest since early 2015. That reflected a somewhat slower rate of household consumption.

Economists expect growth of 2.7 percent in the October-December period, based on the median estimate in a Bloomberg survey.

Other Details

  • Wages and salaries rose 0.4 percent in November from the prior month; disposable income, or earnings adjusted for taxes and inflation, was up 0.1 percent after a 0.3 percent advance in October
  • Consumer spending on durable goods, adjusted for inflation, rose 0.2 percent for a second month; nondurable goods jumped 0.7 percent after a 0.2 percent advance; recreational goods and vehicles contributed to gains
  • Household outlays on services, adjusted for inflation, rose 0.4 percent after a 0.1 percent decline in prior month; gain reflects spending on electricity and gas

— With assistance by Jordan Yadoo, Catarina Saraiva, and Sophie Caronello

https://www.bloomberg.com/news/articles/2017-12-22/u-s-consumer-spending-tops-forecasts-as-inflation-accelerates

Read Full Post | Make a Comment ( None so far )

The Pronk Pops Show — Week in Review — November 6 -13, 2017 — Videos

Posted on November 15, 2017. Filed under: American History, Articles, Banking, Blogroll, Books, Business, College, Communications, Congress, conservatives, Constitution, Corruption, Crime, Crisis, Culture, Economics, Education, Employment, Faith, Family, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, government, government spending, Heroes, history, Law, liberty, Life, Links, Macroeconomics, Missiles, Monetary Policy, Money, Music, Non-Fiction, Nuclear, People, Philosophy, Photos, Police, Political Correctness, Politics, Psychology, Radio, Rants, Raves, Raymond Thomas Pronk, Regulations, Security, Strategy, Talk Radio, Tax Policy, Taxation, Trade Policiy, Unemployment, Video, War, Weapons, Welfare, Wisdom, Work, World War II, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 1000, November 13, 2017

Pronk Pops Show 999, November 10, 2017

Pronk Pops Show 998, November 9, 2017

Pronk Pops Show 997, November 8, 2017

Pronk Pops Show 996, November 6, 2017

Pronk Pops Show 995, November 3, 2017

Pronk Pops Show 994, November 2, 2017

Pronk Pops Show 993, November 1, 2017

Pronk Pops Show 992, October 31, 2017

Pronk Pops Show 991, October 30, 2017

Pronk Pops Show 990, October 26, 2017

Pronk Pops Show 989, October 25, 2017

Pronk Pops Show 988, October 20, 2017

Pronk Pops Show 987, October 19, 2017

Pronk Pops Show 986, October 18, 2017

Pronk Pops Show 985, October 17, 2017

Pronk Pops Show 984, October 16, 2017 

Pronk Pops Show 983, October 13, 2017

Pronk Pops Show 982, October 12, 2017

Pronk Pops Show 981, October 11, 2017

Pronk Pops Show 980, October 10, 2017

Pronk Pops Show 979, October 9, 2017

Pronk Pops Show 978, October 5, 2017

Pronk Pops Show 977, October 4, 2017

Pronk Pops Show 976, October 2, 2017

Pronk Pops Show 975, September 29, 2017

Pronk Pops Show 974, September 28, 2017

Pronk Pops Show 973, September 27, 2017

Pronk Pops Show 972, September 26, 2017

Pronk Pops Show 971, September 25, 2017

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

Pronk Pops Show 964, September 14, 2017

Pronk Pops Show 963, September 13, 2017

Pronk Pops Show 962, September 12, 2017

Pronk Pops Show 961, September 11, 2017

Pronk Pops Show 960, September 8, 2017

Pronk Pops Show 959, September 7, 2017

Pronk Pops Show 958, September 6, 2017

Pronk Pops Show 957, September 5, 2017

Pronk Pops Show 956, August 31, 2017

Pronk Pops Show 955, August 30, 2017

Pronk Pops Show 954, August 29, 2017

Pronk Pops Show 953, August 28, 2017

Pronk Pops Show 952, August 25, 2017

Pronk Pops Show 951, August 24, 2017

Pronk Pops Show 950, August 23, 2017

Pronk Pops Show 949, August 22, 2017

Pronk Pops Show 948, August 21, 2017

Pronk Pops Show 947, August 16, 2017

Pronk Pops Show 946, August 15, 2017

Pronk Pops Show 945, August 14, 2017

Pronk Pops Show 944, August 10, 2017

Pronk Pops Show 943, August 9, 2017

Pronk Pops Show 942, August 8, 2017

Pronk Pops Show 941, August 7, 2017

Pronk Pops Show 940, August 3, 2017

Image result for trump speech in vietnam APEC 2017U.S. President Donald Trump delivers a speech at the National Assembly in Seoul, South Korea, Nov. 8, 2017.

Image result for cartoons two party tyranny

Image result for branco cartoons new political party
Image result for branco cartoons roy moore and mitchel mcconnell

The Pronk Pops Show 1000

November 13, 2017

Story 1: The People of Alabama Will Decide Who Will Represent Them As Their Senator — Not Kentucky Senator Mitch McConnell — Videos —

Story 2: Follow The Money — The Bought and Paid For Political Elitist Establishment of The Two Party Tyranny — Video —

Story 3: Independents United — Independence Party Time — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/11/14/the-pronk-pops-show-1000-november-13-20017-story-1-the-people-of-alabama-will-decide-who-will-represent-them-in-the-senator-not-kentucky-senator-mitch-mcconnell-videos-story-2-follow-the/

November 14, 2017 07:24 PM PST

The Pronk Pops Show 999

November 10, 2017

Story 1: President Trump Delivers America First Address With Bilateral Trade Agreements With Nations That Want Free But Fair Trade At The Asia-Pacific Economic Cooperation (APEC) Summit in Da Nang, Vietnam — Videos —

Story 2: From Crying To Screaming — Big Lie Media Joins Lying Lunatic Left Losers —   Sky Screaming — Trump Still President — Videos —

Story 3: Let Voters of Alabama Decide Who They Want For Their Senator — Alabama Republican Senate Candidate, Roy Moore, Denies Accusations Made in Washington Post Attack Article  vs. Democratic Senate Candidate, Doug Jones, Supporter for Pro Abortion Planned Parenthood and Women Should Have The Right To Choose Killing Their Babies in The Womb — Denies Civil Rights Protection of Life To Babies Before Birth — Videos

Story 4: Remembering The Veterans in Music — Lili Marleen — We’ll Meet Again — Sky Pilot — We Gotta Get Out Of This Place — Paint it Black  – – War — Where Have All the Flowers Gone? — Blowing In The Wind –Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/11/10/the-pronk-pops-show-999-november-10-2017-story-1-president-trump-delivers-america-first-address-at-asia-pacific-economic-cooperation-apec-summit-in-da-nang-vietnam-videos-story-2-from-c/

November 11, 2017 02:07 PM PST

The Pronk Pops Show 998

November 9, 2017

Story 1: President Trump’s Address to South Korea’s National Assembly — Great Speech — Americans and Koreans Loved It — Every Breath You Take — Videos —

Story 2: President Trump Tells It Like It Is — Does Not Blame China For Hugh Trade Deficits But Past Administrations — Videos —

Story 3: Republican Party Senate Bill Wants To Delay Tax Cuts To 2019 Instead of Cutting Spending Now — Need New Political Party Advocating Balanced Budgets, Broad Based Consumption Tax,and Term Limits — Voters Will Stay Home Election Day, November 6, 2018 If Congress Does Not Completely Repeal Obamacare and Enact Fundamental Reform of Tax System — Videos —

Story 4: Alabama Republican Candidate for Senator, Roy Moore, Accused of Sexual Misconduct in 1979 — Desperate Democratic Dirt — Let The Voters of Alabama Decide — Accusations Are Not Evidence — Videos

For additional information and videos

https://pronkpops.wordpress.com/2017/11/09/the-pronk-pops-show-998-november-9-2017-story-1-president-trumps-address-to-south-koreas-national-assembly-great-speech-americans-and-koreans-loved-it-every-breath-you-take-videos/

November 08, 2017 08:32 PM PST

The Pronk Pops Show 997

November 8, 20017

Story 1: Communist Chinese Connection To Trade — Nuclear Proliferation — and — Terrorism (TNT) — Peace or War — China Must Destroy North Korea Nuclear Weapons and Missiles or Face The Consequences of Overthrow of Communist Party — U.S.Complete Embargo on All Chinese Trade and Investment —
Story 2: President Trump Meets With Japanese Prime Minster Shinzo Abe and President Moon Jai-in As U.S. Navy Flexes Air Power — All Options Are On The Table — Video —

Story 3: Saudi Arab On The Brink of War With Lebanon Controlled By Iran-backed Lebanese Shi‘ite group Hezbollah — Saudi Arab Blames Iran For Yemen Missile Attack — Purge and Roundup of Royal Prince Continues — Videos —

For additional information and videos:

https://pronkpops.wordpress.com/2017/11/08/the-pronk-pops-show-997-november-7-2017-story-1-communist-chinese-connection-to-trade-nuclear-proliferation-and-terrorism-tnt-peace-or-war-china-must-destroy-north-korea-nuclear-w/

November 07, 2017 11:23 AM PST

The Pronk Pops Show 996

November 6, 2017

Story 1: Atheist Security Guard Dressed In Black and Wearing Body Armor, Devin Patrick Kelley, 26, Entered The First Baptist Church and Shoot and Killed 26, Including 8 Members of A Single Family with Pregnant Mother, Victim Range in Age From 18 Months to 77 Years and Wounded 20, in The Texas Small Town of Sutherland Springs, Population 400,  A Nearby Neighbor, Stephen Willeford, 55, Shot Killer With His Rifle,Three Times, Twice in The Neck and Once in The Side, Killer Died of Wounds, After Brief High Speed Car Chase — The Times They Are A Changin — Blowing In The Wind — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/11/07/the-pronk-pops-show-996-story-1-atheist-security-guard-dressed-in-black-and-wearing-body-armor-devin-patrick-kelley-26-entered-the-first-baptist-church-and-shoot-and-killed-26-including-8-member/

November 04, 2017 02:25 PM PDT

The Pronk Pops Show 995

November 3, 2017

Story 1: Democrats (Liberal, Progressive & Socialist Wing) and Republicans (Liberal & Progressive Wing) of The Two Party Tyranny Are All Marxist Now — Big Government Bubble Tax Surcharge of 6% Increases Rate From 39.6% to 45.6% — Class Warfare — Eat The Rich — Videos — Part 2 of 2 —

Story 2: Republican Tax Cut Will Not Make America Great Again — Missing Is Real Government Spending Cuts That Results in A Balanced Budget By 2020 or 2024 — Spending Addiction Disorder (SAD) or Government Spending Obesity — Alive and Well — Videos —

Story 3: A Broad Based Consumption Tax Replacing The Current U.S. Income Tax System Along The Lines of The FairTax or Fair Tax Less With Generous Monthly Tax Prebates and Limiting Federal Government Expenditures to 90% of Taxes Collected Will Make America Great Again — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/11/03/the-pronk-pops-show-995-november-3-2017-story-1-democrats-liberal-progressive-socialist-wing-and-republicans-liberal-progressive-wing-of-the-two-party-tyranny-are-all-marxist-now/

November 03, 2017 06:44 PM PDT

The Pronk Pops Show 994

November 2, 2017

Story 1: President Trump Nominates Fed Governor Jerome Powell To Chair Federal Reserve Board of Governors — Expect Continuation of Interventionist Easy Monetary Policy — More Money Creation or Quantitative Easing When Economy Enters Next Recession in 2018-2019 — Videos —

Part 1 of 2 — Story 2: No Tax Reform By Changing From Income Tax System to Broad Based Consumption Tax — The FairTax or Fair Tax Less — No Middle Class Tax Relief From Payroll Taxes — No Real Cuts in Federal Spending As Budget Deficits Rise with Rising National Debt and Unfunded Liabilities — Spending Addiction Disorder — Government Obesity — Crash Diet of Balanced Budgets Required — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/11/02/the-pronk-pops-show-994-part-1-of-2-story-1-president-trump-nominates-fed-governor-jerome-powell-to-chair-federal-reserve-board-of-governors-expect-continuation-of-interventionist-easy-monetar/

November 02, 2017 07:06 PM PDT

The Pronk Pops Show 993

November 1, 2017

Story 1: Update of Radical Islamic Terrorist Jihadist Attack in New York City — President Trump “Send Him To Gitmo” as Enemy Combatant and Get Rid of Chain Migration and Diversity Lottery Immigration Program and Replace With Merit Based System of Immigration — Videos — Breaking —

Story 2: Trump Expected To Name Jerome Powell As Next Federal Reserve Chairman Replacing Chair Janet Yellen — A Dove or Continuation of Interventionist Easy Monetary Policy — Better Choice Was John Taylor — Taylor For Fed Chair and Powell for Vice Chair — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/11/01/the-pronk-pops-show-993-november-2-2017-story-1-update-of-radical-islamic-terrorist-jihadist-attack-in-new-york-city-president-trump-send-him-to-gitmo-as-enemy-combatant-and-get-rid-of-chai/

Read Full Post | Make a Comment ( None so far )

The Pronk Pops Show — Week in Review — September 16-22, 2017

Posted on September 25, 2017. Filed under: American History, Bomb, College, Congress, Constitution, Crime, Defense Intelligence Agency (DIA), Demographics, Diasters, Earthquake, Education, Elections, Employment, Energy, Faith, Federal Bureau of Investigation (FBI), Federal Bureau of Investigation (FBI), Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Friends, Genocide, government, government spending, Health, Health Care, history, Illegal, Immigration, Investments, IRS, Islam, Islam, Journalism, Language, Law, Legal, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, National Security Agency (NSA_, Natural Gas, Newspapers, Nuclear, Obamacare, People, Philosophy, Photos, Police, Political Correctness, Politics, Presidential Candidates, Radio, Rants, Raves, Raymond Thomas Pronk, Regulations, Religious, Security, Shite, Spying, Success, Sunni, Talk Radio, Taxation, Taxes, Technology, Television, Terrorism, The Pronk Pops Show, Trade Policiy, Video, Wahhabism, War, Wealth, Weapons of Mass Destruction, Weather, Welfare, Wisdom, Work | Tags: , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

Pronk Pops Show 964, September 14, 2017

Pronk Pops Show 963, September 13, 2017

Pronk Pops Show 962, September 12, 2017

Pronk Pops Show 961, September 11, 2017

Pronk Pops Show 960, September 8, 2017

Pronk Pops Show 959, September 7, 2017

Pronk Pops Show 958, September 6, 2017

Pronk Pops Show 957, September 5, 2017

Pronk Pops Show 956, August 31, 2017

Pronk Pops Show 955, August 30, 2017

Pronk Pops Show 954, August 29, 2017

Pronk Pops Show 953, August 28, 2017

Pronk Pops Show 952, August 25, 2017

Pronk Pops Show 951, August 24, 2017

Pronk Pops Show 950, August 23, 2017

Pronk Pops Show 949, August 22, 2017

Pronk Pops Show 948, August 21, 2017

Pronk Pops Show 947, August 16, 2017

Pronk Pops Show 946, August 15, 2017

Pronk Pops Show 945, August 14, 2017

Pronk Pops Show 944, August 10, 2017

Pronk Pops Show 943, August 9, 2017

Pronk Pops Show 942, August 8, 2017

Pronk Pops Show 941, August 7, 2017

Pronk Pops Show 940, August 3, 2017

Pronk Pops Show 939, August 2, 2017

Pronk Pops Show 938, August 1, 2017

Pronk Pops Show 937, July 31, 2017

Pronk Pops Show 936, July 27, 2017

Pronk Pops Show 935, July 26, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 933, July 24, 2017

Pronk Pops Show 932, July 20, 2017

Pronk Pops Show 931, July 19, 2017

Pronk Pops Show 930, July 18, 2017

Pronk Pops Show 929, July 17, 2017

Pronk Pops Show 928, July 13, 2017

Pronk Pops Show 927, July 12, 2017

Pronk Pops Show 926, July 11, 2017

Pronk Pops Show 925, July 10, 2017

Pronk Pops Show 924, July 6, 2017

Pronk Pops Show 923, July 5, 2017

Pronk Pops Show 922, July 3, 2017

Pronk Pops Show 921, June 29, 2017

Pronk Pops Show 920, June 28, 2017

Pronk Pops Show 919, June 27, 2017

Pronk Pops Show 918, June 26, 2017

Pronk Pops Show 917, June 22, 2017

Pronk Pops Show 916, June 21, 2017

Pronk Pops Show 915, June 20, 2017

Pronk Pops Show 914, June 19, 2017

Pronk Pops Show 913, June 16, 2017

Pronk Pops Show 912, June 15, 2017

Pronk Pops Show 911, June 14, 2017

Pronk Pops Show 910, June 13, 2017

Pronk Pops Show 909, June 12, 2017

Pronk Pops Show 908, June 9, 2017

Pronk Pops Show 907, June 8, 2017

Pronk Pops Show 906, June 7, 2017

Pronk Pops Show 905, June 6, 2017

Pronk Pops Show 904, June 5, 2017

Pronk Pops Show 903, June 1, 2017

Image result for president trump addresses the united nationsImage result for china trade with north korea by year through 2016
Image result for earthquake Magnitude 7.1 in Mecico september 20, 2017 map

Image result for President Trump tweet on London terrerorist Attack Parson Green September 15, 2017

The Pronk Pops Show 970

September 22, 2017

Breaking Story 1: Rocket Man Kim Jong-Un Promises To Explode Hydrogen Bomb Over Pacific Ocean —

Story 2: The Democratic and Republican Party Failure To Completely Repeal Obamacare Including Repealing The Patient Protection and Affordable Care Act (ACA) and All Related Mandates, Regulations, Taxes, Spending and Subsidies — Obamacare Collapsing — Replace Obamacare With Free Enterprise Market Capitalism Health Insurance — Keep The Federal Government Out Of The Health Insurance and Health Care Business — Videos —

Story 3: Obama’s Secret Surveillance Spy State Scandal — Misuse of Intelligence Community For Political Purposes — Gross Abuse of Power and Political Conspiracy — Violation of Fourth Amendment — Videos —

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/22/the-pronk-pops-show-970-september-22-2017-breaking-story-1-rocket-man-kim-jong-un-promises-to-explode-hydrogen-bomb-over-pacific-ocean-story-2-the-democratic-and-republican-party-failure-to-co/

The Pronk Pops Show 969

September 21, 2017

Story 1: President Trump Signs Executive Order Targeting Institutions and People Doing Business With North Korea — Communist China Trades With and Enabled North Korea Nuclear Weapon and Missile Programs — Waiting For Embargo Banning All Trade and Investment in Communist China — Videos —

Story 2: Fed To Start Quantitative Tightening In October 2017 by Selling Some ($10 Billion Per Month or $120 Billion Per Year) of $4,500 Billion Bond Portfolio As U.S. Economy Slows in 2017? — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/21/the-pronk-pops-show-969-september-21-2017-story-1-president-trump-signs-executive-order-targeting-institutions-and-people-doing-business-with-north-korea-communist-china-trades-with-and-enabled/

September 23, 2017 12:13 PM PDT

The Pronk Pops Show 968

September 20, 2017

Breaking and Developing — Story 1: 7.1 Richter Scale Earthquake Kills Over 200 In Mexico — Videos —

Story 2: Category 4 Hurricane Marie With 155 Miles Per Hour Winds, 10 Foot Flood Surge and 20 Plus Inches of Rainfall Turns Lights Out in Puerto Rico with Widespread Flooding and Damages — Videos —

Story 3: Yes The Obama Administration Was Wiretapping The Trump Campaign and Former Trump  Campaign Manager Paul Manafort — Trump Was Right and Big Lie Media Lied Again — Obama Spying Scandal Bigger Than Watergate — Videos —

Story 4:  Illegal Aliens Shout Down House Minority Leader Nancy Pelosi Calling Her A Liar — When Will American Citizens Shout Down President Trump Calling Him A Liar? … President Trump and Republican Party Want Touch Back Amnesty and Pathway to  Citizenship For Illegal Aliens — Majority of American People Want All Immigration Laws Enforced — Deport and Remove All 30-60 Million Illegal Aliens In United States To Country of Origin — No Republican Re-importing of Illegal Aliens With Expedited Visas and Touch Back Amnesty and Pathway to Citizenship — Employ American Citizens Not Illegal Aliens — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/20/the-pronk-pops-show-968-september-20-2018-breaking-and-developing-story-1-7-1-richter-scale-earthquake-kills-over-200-in-mexico-videos-story-2-category-4-hurricane-marie-with-155-miles-per/

September 20, 2017 07:13 PM PDT

The Pronk Pops Show 967

September 19, 2017

Story 1: President Trump United Nations Speech Names North Korea and Iran As Threats to World Peace and Critical of Those Nations (China) Who Trade With Them –Totally Destroy North Korea And The Rocket Man Mr. Kim — Videos —

Story 2: Major 7.1 Richter Scale Killer Earthquake Hits Central Mexico — 76 Miles Southwest of Mexico City Centered in Puebla state town of Raboso,  — Damages and Collapses Buildings — Over 150 Deaths — Videos —

Story 3: Category 5 Hurricane Marie With Sustained Winds of 165 Miles Per Hour and Wind Gust 195 MPH Hits Puerto Rico, British and American Virgin Islands, Dominica, Dominican Republic, Guadeloupe — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/19/the-pronk-pops-show-967-september-19-2017-story-1-president-trump-united-nations-speech-names-north-korea-and-iran-as-threats-to-world-peace-and-critical-of-those-nations-china-who-trade-with-th/

September 19, 2017 05:33 PM PDT

The Pronk Pops Show 966

September 18, 2017

Story 1: Two Islamic Terrorists Arrested For London Train Attack — United Kingdom Threat Level Lowered From Critical To Severe — Elderly Couple Took In Several Hundred Forster Children Over The Years Including Two Suspected Terrorists — Trump: “Loser Terrorist” And “Sick And Demented” — 21-Year-Old Syrian Refugee Yahyah Farroukh Named Suspect — Videos —

Story 2: Trump Wants To Increase CIA Drone Attacks — Videos —

Story 3: Third Night Of Violence In St. Louis — Protesters And Vandals Damage Property With Over 120 Arrests And 11 Police Injured — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/19/the-pronk-pops-show-966-september-18-2017-story-1-two-islamic-terrorists-arrested-for-london-train-attack-united-kingdom-threat-level-lowered-from-critical-to-severe-elderly-couple-took-in/

September 18, 2017 07:42 PM PDT

The Pronk Pops Show 965

September 15, 2017

Breaking Story 1: Radical Islamic Terrorist Attack — Improvised Bucket Bomb Device Explodes In United Kingdom Parson Green Tube Train Station in West London During Morning Rush Hour — 29 Injured None Seriously including Children — Threat Level Raised From Severe To Critical By Prime Minister May — Videos —

Story 2: North Korea Fires Another Ballistic Missile Over Japan — Videos —

Story 3: Conservative Commentator Ben Shapiro Allowed To Speak At University of California, Berkeley, Police Arrested Nine of The Protesters –Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/15/the-pronk-pops-show-965-september-15-2017-breaking-story-1-radical-islamic-terrorist-attack-bucket-bomb-device-explodes-in-united-kingdom-parson-green-tube-train-station-in-west-london-during-rush/

September 16, 2017 01:45 PM PDT

The Pronk Pops Show 964

September 14, 2017

Story 1: Did President Trump Betray His Supporters By Promising Citizenship or Pathway To Citizenship For Illegal Alien “Dreamers”? — Big Lie Media and Lying Lunatic Left Losers (Senate Democratic Leader Chuck Schumer and House Democratic Leader Nancy Pelosi ) Say They Have A Deal or Understanding and Rollover Republicans Support Trump (Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan) — No Wall and No Deportation For 30-60 Million Illegal Aliens Including “Dreamers” — You Were Warned Not To Trust Trump — Rollover Republicans Want Touch-back Amnesty For Illegal Aliens — Hell No — Illegal Aliens Must Go — Trump Has 48 Hours To Confirm or Deny! — Political Suicide Watch Countdown — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/14/the-pronk-pops-show-964-september-14-2017-story-1-did-president-trump-betray-his-supporters-by-promising-citizenship-or-pathway-to-citizenship-for-illegal-alien-dreamers-big-lie-media-and/

September 14, 2017 08:25 PM PDT

The Pronk Pops Show 963

September 13, 2017

Story 1: American Collectivism (Resistance Is Futile) Vs. American Individualism (I Have Not Yet Begun To Fight!) — Federal Income, Capital Gains, Payroll,Estate And Gift Taxes, Budget Deficits, National Debt, Unfunded Liabilities, Democratic And Republican Parties, Two Party Tyranny Of The Warfare And Welfare State And American Empire Are The Past — The Future Is Fair Tax Less, Surplus Budgets, No Debts, No Unfunded Liabilities, And American Independence Party With A Peace And Prosperity Economy, Representative Constitutional American Republic Are The Future — Lead, Follow Or Get Out Of The Way — Those Without Power Cannot Defend Freedom — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/13/the-pronk-pops-show-963-september-13-2017-story-1-american-collectivism-resistance-is-futile-vs-american-individualism-i-have-not-yet-begun-to-fight-federal-income-capital-gains-payrol/

 

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 970-971

Listen To Pronk Pops Podcast or Download Shows 963-969

Listen To Pronk Pops Podcast or Download Shows 955-962

Listen To Pronk Pops Podcast or Download Shows 946-954

Listen To Pronk Pops Podcast or Download Shows 938-945

Listen To Pronk Pops Podcast or Download Shows 926-937

Listen To Pronk Pops Podcast or Download Shows 916-925

Listen To Pronk Pops Podcast or Download Shows 906-915

Listen To Pronk Pops Podcast or Download Shows 889-896

Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

Listen To Pronk Pops Podcast or Download Shows 864-869

Listen To Pronk Pops Podcast or Download Shows 857-863

Listen To Pronk Pops Podcast or Download Shows 850-856

Listen To Pronk Pops Podcast or Download Shows 845-849

Listen To Pronk Pops Podcast or Download Shows 840-844

Listen To Pronk Pops Podcast or Download Shows 833-839

Listen To Pronk Pops Podcast or Download Shows 827-832

Listen To Pronk Pops Podcast or Download Shows 821-826

Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or DownloadShows 713-719

Listen To Pronk Pops Podcast or DownloadShows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

Listen To Pronk Pops Podcast or Download Shows 360-368

Listen To Pronk Pops Podcast or Download Shows 354-359

Listen To Pronk Pops Podcast or Download Shows 346-353

Listen To Pronk Pops Podcast or Download Shows 338-345

Listen To Pronk Pops Podcast or Download Shows 328-337

Listen To Pronk Pops Podcast or Download Shows 319-327

Listen To Pronk Pops Podcast or Download Shows 307-318

Listen To Pronk Pops Podcast or Download Shows 296-306

Listen To Pronk Pops Podcast or Download Shows 287-295

Listen To Pronk Pops Podcast or Download Shows 277-286

Listen To Pronk Pops Podcast or Download Shows 264-276

Listen To Pronk Pops Podcast or Download Shows 250-263

Listen To Pronk Pops Podcast or Download Shows 236-249

Listen To Pronk Pops Podcast or Download Shows 222-235

Listen To Pronk Pops Podcast or Download Shows 211-221

Listen To Pronk Pops Podcast or Download Shows 202-210

Listen To Pronk Pops Podcast or Download Shows 194-201

Listen To Pronk Pops Podcast or Download Shows 184-193

Listen To Pronk Pops Podcast or Download Shows 174-183

Listen To Pronk Pops Podcast or Download Shows 165-173

Listen To Pronk Pops Podcast or Download Shows 158-164

Listen To Pronk Pops Podcast or Download Shows 151-157

Listen To Pronk Pops Podcast or Download Shows 143-150

Listen To Pronk Pops Podcast or Download Shows 135-142

Listen To Pronk Pops Podcast or Download Shows 131-134

Listen To Pronk Pops Podcast or Download Shows 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Show 93

Listen To Pronk Pops Podcast or Download Show 92

Listen To Pronk Pops Podcast or Download Show 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Read Full Post | Make a Comment ( None so far )

The Pronk Pops Show — Week in Review — August 26-31, 2017 — Videos

Posted on September 5, 2017. Filed under: Airplanes, American History, Articles, Autos, Banking, Blogroll, College, Communications, Documentary, Economics, Education, Elections, Family, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, Friends, government spending, history, Illegal, Immigration, Inflation, Internal Revenue Service (IRS), IRS, Law, Legal, liberty, Life, Links, Literacy, Love, Macroeconomics, media, Monetary Policy, Money, Newspapers, People, Philosophy, Photos, Politics, Press, Radio, Raymond Thomas Pronk, Speech, Success, Talk Radio, Tax Policy, Taxation, Taxes, Television, Trade, Transportation, Unemployment, Video, Water, Wealth, Weather, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 956, August 31, 2017

Pronk Pops Show 955, August 30, 2017

Pronk Pops Show 954, August 29, 2017

Pronk Pops Show 953, August 28, 2017

Pronk Pops Show 952, August 25, 2017

Pronk Pops Show 951, August 24, 2017

Pronk Pops Show 950, August 23, 2017

Pronk Pops Show 949, August 22, 2017

Pronk Pops Show 948, August 21, 2017

Pronk Pops Show 947, August 16, 2017

Pronk Pops Show 946, August 15, 2017

Pronk Pops Show 945, August 14, 2017

Pronk Pops Show 944, August 10, 2017

Pronk Pops Show 943, August 9, 2017

Pronk Pops Show 942, August 8, 2017

Pronk Pops Show 941, August 7, 2017

Pronk Pops Show 940, August 3, 2017

Pronk Pops Show 939,  August 2, 2017

Pronk Pops Show 938, August 1, 2017

Pronk Pops Show 937, July 31, 2017

Pronk Pops Show 936, July 27, 2017

Pronk Pops Show 935, July 26, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 933, July 24, 2017

Pronk Pops Show 932, July 20, 2017

Pronk Pops Show 931, July 19, 2017

Pronk Pops Show 930, July 18, 2017

Pronk Pops Show 929, July 17, 2017

Pronk Pops Show 928, July 13, 2017

Pronk Pops Show 927, July 12, 2017

Pronk Pops Show 926, July 11, 2017

Pronk Pops Show 925, July 10, 2017

Pronk Pops Show 924, July 6, 2017

Pronk Pops Show 923, July 5, 2017

Pronk Pops Show 922, July 3, 2017

Pronk Pops Show 921, June 29, 2017

Pronk Pops Show 920, June 28, 2017

Pronk Pops Show 919, June 27, 2017

Pronk Pops Show 918, June 26, 2017

Pronk Pops Show 917, June 22, 2017

Pronk Pops Show 916, June 21, 2017

Pronk Pops Show 915, June 20, 2017

Pronk Pops Show 914, June 19, 2017

Pronk Pops Show 913, June 16, 2017

Pronk Pops Show 912, June 15, 2017

Pronk Pops Show 911, June 14, 2017

Pronk Pops Show 910, June 13, 2017

Pronk Pops Show 909, June 12, 2017

Pronk Pops Show 908, June 9, 2017

Pronk Pops Show 907, June 8, 2017

Pronk Pops Show 906, June 7, 2017

Pronk Pops Show 905, June 6, 2017

Pronk Pops Show 904, June 5, 2017

Pronk Pops Show 903, June 1, 2017

Pronk Pops Show 902, May 31, 2017

Pronk Pops Show 901, May 30, 2017

Pronk Pops Show 900, May 25, 2017

Pronk Pops Show 899, May 24, 2017

Pronk Pops Show 898, May 23, 2017

Pronk Pops Show 897, May 22, 2017

Pronk Pops Show 896, May 18, 2017

Pronk Pops Show 895, May 17, 2017

Pronk Pops Show 894, May 16, 2017

Pronk Pops Show 893, May 15, 2017

Pronk Pops Show 892, May 12, 2017

Pronk Pops Show 891, May 11, 2017

Pronk Pops Show 890, May 10, 2017

Pronk Pops Show 889, May 9, 2017

Pronk Pops Show 888, May 8, 2017

Pronk Pops Show 887, May 5, 2017

Pronk Pops Show 886, May 4, 2017

Pronk Pops Show 885, May 3, 2017

Pronk Pops Show 884, May 1, 2017

Image result for branco cartoons on trump tax reform

Image result for rainfall record in south Texas

 

The Pronk Pop Show 956

August 31, 2017

Part 2 of 2, Story 1: President Trump’s Tax Speech — Very Light On Specifics — Let Congress Fill in The Details — Formula For Failure — Tax Rate Cuts Are Not Fundamental Tax Reform — A Broad Based Consumption Tax Such as The FairTax or Fair Tax Less Not Even Mentioned — What Good Is Dreaming It If You don’t actually do it! — Videos —

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/01/the-pronk-pops-show-956-august-31-2017-part-2-of-2-story-1-president-trumps-tax-speech-very-light-on-specifics-let-congress-fill-in-the-details-formula-for-failure-tax-rate-cuts-are/

September 03, 2017 02:30 PM PDT

The Pronk Pops Show 955

August 30, 2017

Part 1 of 2, Story 1: President Trump’s Tax Speech — Very Light On Specifics — Let Congress Fill in The Details — Formula For Failure — Tax Rate Cuts Are Not Fundamental Tax Reform — A Broad Based Consumption Tax Such as The FairTax or Fair Tax Less Not Even Mentioned — What Good Is Dreaming It If You don’t actually do it! — Videos —

Story 2: Revised Second Estimate of Real GDP Growth in Second Quarter of 2017 Is 3 Percent — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/31/the-pronk-pops-show-755-story-1-president-trumps-tax-speech-very-light-on-specifics-let-congress-fill-in-the-details-formula-for-failure-tax-rate-cuts-are-not-fundamental-tax-reform/

The Pronk Pops Show 954

August 30, 2017

Story 1: Houston Under Water — Rain In Houston Area Should End Tuesday With Record Rainfall Exceeding 50 Inches In Many Areas From Hurricane/Tropical Story Harvey — Flooding and Rescues Continue — Videos —

Story 2: 12 Oil Refineries in a Houston Closed Due To Flooding As Gasoline Prices Rise By 20 Cents or More Per Gallon — Video —

Story 3: President Trump and First Lady Visit Texas — Videos —

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/30/the-pronk-pops-show-954-august-29-2017-story-1-houston-under-water-rain-in-houston-area-should-end-tuesday-with-record-rain-fall-exceeding-50-inches-in-many-areas-from-hurricanetropical-story/

August 30, 2017 06:53 PM PDT

The Pronk Pops Show 953

August 28, 2017

Story 1: The Aftermath of Hurricane Harvey — Catastrophic Unprecedented Massive Flooding — Bring A Boat — First Responders Searching and Rescuing Those Trapped In Homes By High Water Levels — Mopping Up After Hurricane Now Tropical Storm Harvey — Flooding Will Continue Into Wednesday — Public Health Emergency — Have you ever seen the rain? — Who Will Stop The Rain — Videos —

Story 2: President Trump Will Visit Texas Tuesday — Fortunate Son — Lookin’ Out My Back Door — Videos —

Story 3: Antifa (Anti-Capitalism) Communist Thugs Violently Attack Again In Berkeley — Where Were The Berkeley Police? Standing Down Once Again — Unmask and Arrest Communist Antifa Thugs —  Bad Moon Rising — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/28/the-pronk-pops-show-953-august-28-2017-story-1-the-aftermath-of-hurricane-harvey-catastrophic-unprecedented-massive-flooding-bring-a-boat-first-responders-searching-and-rescuing-those-t/

August 26, 2017 01:47 PM PDT

The Pronk Pops Show 952

August 25, 2017

Weather Warning — Part 2 of 2 —  Story 1: Hurricane Harvey Messes With Texas and Louisiana — Upgraded To Category 4 Hurricane — A Real Disaster — Up to 40 To 60 Inches of Rain Possible and Wind Speeds From 131 – 155 Miles Per Hour Winds — Flood Surges 13-18 Feet — Will Hit Friday Evening or Early Saturday Morning —  Damages Extreme — Rain For Next Four Days — Gas Prices Will Rise If Refineries Closed/Flooded — 20 Cent Plus Spike Per Gallon in Gasoline Prices — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/25/the-pronk-pops-show-952-august-25-2017-weather-warning-part-2-of-2-story-1-hurricane-harvey-messes-with-texas-and-louisiana-upgraded-to-category-4-hurricane-a-real-disaster/

August 26, 2017 10:23 AM PDT

 

 

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 955-956

Listen To Pronk Pops Podcast or Download Shows 946-954

Listen To Pronk Pops Podcast or Download Shows 938-945

Listen To Pronk Pops Podcast or Download Shows 926-937

Listen To Pronk Pops Podcast or Download Shows 916-925

Listen To Pronk Pops Podcast or Download Shows 906-915

Listen To Pronk Pops Podcast or Download Shows 889-896

Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

Listen To Pronk Pops Podcast or Download Shows 864-869

Listen To Pronk Pops Podcast or Download Shows 857-863

Listen To Pronk Pops Podcast or Download Shows 850-856

Listen To Pronk Pops Podcast or Download Shows 845-849

Listen To Pronk Pops Podcast or Download Shows 840-844

Listen To Pronk Pops Podcast or Download Shows 833-839

Listen To Pronk Pops Podcast or Download Shows 827-832

Listen To Pronk Pops Podcast or Download Shows 821-826

Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or DownloadShows 713-719

Listen To Pronk Pops Podcast or DownloadShows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

Listen To Pronk Pops Podcast or Download Shows 360-368

Listen To Pronk Pops Podcast or Download Shows 354-359

Listen To Pronk Pops Podcast or Download Shows 346-353

Listen To Pronk Pops Podcast or Download Shows 338-345

Listen To Pronk Pops Podcast or Download Shows 328-337

Listen To Pronk Pops Podcast or Download Shows 319-327

Listen To Pronk Pops Podcast or Download Shows 307-318

Listen To Pronk Pops Podcast or Download Shows 296-306

Listen To Pronk Pops Podcast or Download Shows 287-295

Listen To Pronk Pops Podcast or Download Shows 277-286

Listen To Pronk Pops Podcast or Download Shows 264-276

Listen To Pronk Pops Podcast or Download Shows 250-263

Listen To Pronk Pops Podcast or Download Shows 236-249

Listen To Pronk Pops Podcast or Download Shows 222-235

Listen To Pronk Pops Podcast or Download Shows 211-221

Listen To Pronk Pops Podcast or Download Shows 202-210

Listen To Pronk Pops Podcast or Download Shows 194-201

Listen To Pronk Pops Podcast or Download Shows 184-193

Listen To Pronk Pops Podcast or Download Shows 174-183

Listen To Pronk Pops Podcast or Download Shows 165-173

Listen To Pronk Pops Podcast or Download Shows 158-164

Listen To Pronk Pops Podcast or Download Shows 151-157

Listen To Pronk Pops Podcast or Download Shows 143-150

Listen To Pronk Pops Podcast or Download Shows 135-142

Listen To Pronk Pops Podcast or Download Shows 131-134

Listen To Pronk Pops Podcast or Download Shows 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Show 93

Listen To Pronk Pops Podcast or Download Show 92

Listen To Pronk Pops Podcast or Download Show 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Read Full Post | Make a Comment ( None so far )

The Pronk Pops Show — Week In Review — July 28-August 4, 2017 — Videos

Posted on August 5, 2017. Filed under: American History, Banking, Blogroll, Bunker Busters, Business, Central Intelligence Agency (CIA), College, Computers, Congress, Constitution, Corruption, Crime, Crisis, Culture, Defense Intelligence Agency (DIA), Diet, Documentary, Drones, Drug Cartels, Economics, Education, Elections, Employment, Energy, Entertainment, Faith, Family, Federal Bureau of Investigation (FBI), Federal Bureau of Investigation (FBI), Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Fraud, Freedom, Friends, government, government spending, Health, Health Care, history, Illegal, Immigration, Inflation, Internal Revenue Service (IRS), Investments, IRS, Islam, Journalism, Language, Law, Legal, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Milk, Missiles, Monetary Policy, Money, Music, National Security Agency (NSA), Natural Gas, Newspapers, Nuclear, Nuclear Power, Nuclear Proliferation, Obamacare, Oil, People, Philosophy, Photos, Pistols, Police, Political Correctness, Politics, Press, Programming, Psychology, Radio, Radio, Rants, Raves, Raymond Thomas Pronk, Religion, Rifles, Security, Spying, Strategy, Success, Talk Radio, Tax Policy, Taxation, Taxes, Technology, Television, Terrorism, The Pronk Pops Show, Trade Policiy, Video, War, Wealth, Weapons, Weapons of Mass Destruction, Welfare, Wisdom, Work, Writing | Tags: , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 940, August 3, 2017

Pronk Pops Show 939,  August 2, 2017

Pronk Pops Show 938, August 1, 2017

Pronk Pops Show 937, July 31, 2017

Pronk Pops Show 936, July 27, 2017

Pronk Pops Show 935, July 26, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 933, July 24, 2017

Pronk Pops Show 932, July 20, 2017

Pronk Pops Show 931, July 19, 2017

Pronk Pops Show 930, July 18, 2017

Pronk Pops Show 929, July 17, 2017

Pronk Pops Show 928, July 13, 2017

Pronk Pops Show 927, July 12, 2017

Pronk Pops Show 926, July 11, 2017

Pronk Pops Show 925, July 10, 2017

Pronk Pops Show 924, July 6, 2017

Pronk Pops Show 923, July 5, 2017

Pronk Pops Show 922, July 3, 2017

Pronk Pops Show 921, June 29, 2017

Pronk Pops Show 920, June 28, 2017

Pronk Pops Show 919, June 27, 2017

Pronk Pops Show 918, June 26, 2017

Pronk Pops Show 917, June 22, 2017

Pronk Pops Show 916, June 21, 2017

Pronk Pops Show 915, June 20, 2017

Pronk Pops Show 914, June 19, 2017

Pronk Pops Show 913, June 16, 2017

Pronk Pops Show 912, June 15, 2017

Pronk Pops Show 911, June 14, 2017

Pronk Pops Show 910, June 13, 2017

Pronk Pops Show 909, June 12, 2017

Pronk Pops Show 908, June 9, 2017

Pronk Pops Show 907, June 8, 2017

Pronk Pops Show 906, June 7, 2017

Pronk Pops Show 905, June 6, 2017

Pronk Pops Show 904, June 5, 2017

Pronk Pops Show 903, June 1, 2017

Pronk Pops Show 902, May 31, 2017

Pronk Pops Show 901, May 30, 2017

Pronk Pops Show 900, May 25, 2017

Pronk Pops Show 899, May 24, 2017

Pronk Pops Show 898, May 23, 2017

Pronk Pops Show 897, May 22, 2017

Pronk Pops Show 896, May 18, 2017

Pronk Pops Show 895, May 17, 2017

Pronk Pops Show 894, May 16, 2017

Pronk Pops Show 893, May 15, 2017

Pronk Pops Show 892, May 12, 2017

Pronk Pops Show 891, May 11, 2017

Pronk Pops Show 890, May 10, 2017

Pronk Pops Show 889, May 9, 2017

Pronk Pops Show 888, May 8, 2017

Pronk Pops Show 887, May 5, 2017

Pronk Pops Show 886, May 4, 2017

Pronk Pops Show 885, May 3, 2017

Pronk Pops Show 884, May 1, 2017

Image result for Reforming American Immigration for a Strong Economy (RAISE) Act. charts on numbers 

 

Image result for cartoons illegal alien invasion of united states

The Pronk Pops Show 940

August 3, 2017

Breaking News — Story 1: Special Counsel Robert Mueller III Impanels Grand Jury for Russian Investigation and Alleged Russia/Trump Collusion Conspiracy Theory — Videos —

Story 2: Proposed Reforming American Immigration for Strong Employment (RAISE) Act will Expose Hypocrisy of Democrats and Republicans In Promoting Open Borders with 30-60 Million Illegal Invasion of United States Over The Last 30 Years and Rising Legal Immigration Instead of Protecting The American Worker and Middle Class — The Betrayal Of American People By The Political Elitist Establishment — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/03/the-pronk-pops-show-940-august-3-2017-breaking-news-story-1-special-counsel-robert-mueller-iii-impanels-grand-jury-for-russian-investigation-and-alleged-russiatrump-collusion-conspiracy-theory/

August 04, 2017 04:57 PM PDT

The Pronk Pops Show 939

August 2, 2017

Story 1: President Trump For National Unity Furiously Signs Flawed Russia, Iran, and North Korea Sanctions Bill — Videos —

Story 2: Trump Announces New Immigration Policy — Reforming American Immigration for Strong Employment (RAISE) Act — Videos

For additional information and videos;

https://pronkpops.wordpress.com/2017/08/02/the-pronk-pops-show-939-august-2-2017-breaking-news-story-1-president-trump-for-national-unity-furiously-signs-flawed-russia-iran-and-north-korea-sanctions-bill-videos-story-2-trump-a/

August 03, 2017 12:00 PM PDT

The Pronk Pops Show 938

August 1, 2017

Story 1: Vice-President On The Trump Doctrine In Speech Delivered From Estonia, Latvia, and Lithuania — Videos —

Story 2: President Trump Will Sign Sanctions Bill For Russia, North Korea, and Islamic Republic of Iran — Videos — Story 3: Washington War Fever with Neocon Republicans and Progressive Democrats United Against Russia — Masking Incompetency — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/01/the-pronk-pops-show-938-august-1-2017-story-1-vice-president-on-the-trump-doctrine-in-speech-delivered-from-estonia-latvia-and-lithuania-videos-story-2-president-trump-will-sign-sanction/

 

The Pronk Pops Show 938

August 2, 2017

Story 1: Vice-President On The Trump Doctrine In Speech Delivered From Estonia, Latvia, and Lithuania — Videos —

Story 2: President Trump Will Sign Sanctions Bill For Russia, North Korea, and Islamic Republic of Iran — Videos —

Story 3: Washington War Fever with Neocon Republicans and Progressive Democrats United Against Russia — Masking Incompetency — Videos

For additional information and videos:

https://wordpress.com/post/pronkpops.wordpress.com/26453

July 29, 2017 12:49 PM PDT

The Pronk Pops Show 936

July 27, 2017

Story 1surprisedbama Spy Scandal: Obama Administration Officials Including National Security Adviser Rice, CIA Director Brennan and United Nations Ambassador Power Spied On American People and Trump Campaign By Massive Unmasking Using Intelligence Community For Political Purposes — An Abuse of Power and Felonies Under U.S. Law — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/07/28/the-pronk-pops-show-936-story-1obama-spy-scandal-obama-administration-officials-including-national-security-adviser-rice-cia-director-brennan-and-united-nations-ambassador-power-spied-on-american/

July 28, 2017 07:12 PM PDT

The Pronk Pops Show 935

July 26, 2017

Story 1: Trump Targets Transgender Troops — No More Gender Reassignment Surgeries In Military and Veterans Hospital — Cuts Spending By Millions Per Year — What is Next? — No More Free Viagra — Tranny Boys/Girls No More — Videos —

Story 2: Senate Fails To Pass Senator Rand Paul’s Total Repeal Amendment — Tea Party Revival Calling For Primary Challenge Against Rollover Republican Senators Shelley Moore Capito of West Virginia, Susan Collins of Maine, Dick Heller of Nevada, John McCain of Arizona, Rob Portman of Ohio, Lamar Alexander of Tennessee and Lisa Murkowski of Alaska — All Republicans in Name Only — Really Big Government Democrats — Videos —

Story 3: Trump Rally in Ohio — Neither A Rally Nor A Movement Is Not A Political Party That Votes in Congress — New Viable and Winning American Independence Party Is What Is Needed –Videos

For additional information and videos:

https://wordpress.com/post/pronkpops.wordpress.com/26375

July 27, 2017 02:28 PM PDT

The Pronk Pops Show 934

July 26, 2017

Story 1: Pence Breaks Tie — Senate Will Debate How To Proceed With Obamacare Repeal and Replace — Videos —

Story 2: Congress Overwhelming Passes New Sanctions on Russia, Iran and North Korea — Long Overdue — Videos —

Story 3: Trump Again Critical Of Attorney General Sessions Apparently For Not Prosecuting Leakers and Going After Clinton Foundation Crimes — What about Obama Administration’s Spying On Trump — An Abuse of Power Using Intelligence Community for Political Purposes — Will Trump Dump Sessions? If He Does Trump Will Start To Lose His Supporters in Talk Radio and Voter Base — Direct Deputy Attorney Rod Rosenstein To Fire Mueller — If He Won’t Fire Him — Fire Both Mueller and Rosenstein —  Punish Your Enemies and Reward Your Friends President Trump! — “In Your Guts You Know He is Nuts” —  Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/07/25/the-pronk-pops-show-934-july-24-2017-breaking-breaking-story-1-pence-breaks-tie-senate-will-debate-how-to-proceed-with-obamacare-repeal-and-replace-videos-story-2-congress-overwhel/

 

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 938-940

Listen To Pronk Pops Podcast or Download Shows 926-937

Listen To Pronk Pops Podcast or Download Shows 916-925

Listen To Pronk Pops Podcast or Download Shows 906-915

Listen To Pronk Pops Podcast or Download Shows 889-896

Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

Listen To Pronk Pops Podcast or Download Shows 864-869

Listen To Pronk Pops Podcast or Download Shows 857-863

Listen To Pronk Pops Podcast or Download Shows 850-856

Listen To Pronk Pops Podcast or Download Shows 845-849

Listen To Pronk Pops Podcast or Download Shows 840-844

Listen To Pronk Pops Podcast or Download Shows 833-839

Listen To Pronk Pops Podcast or Download Shows 827-832

Listen To Pronk Pops Podcast or Download Shows 821-826

Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or DownloadShows 713-719

Listen To Pronk Pops Podcast or DownloadShows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

Listen To Pronk Pops Podcast or Download Shows 360-368

Listen To Pronk Pops Podcast or Download Shows 354-359

Listen To Pronk Pops Podcast or Download Shows 346-353

Listen To Pronk Pops Podcast or Download Shows 338-345

Listen To Pronk Pops Podcast or Download Shows 328-337

Listen To Pronk Pops Podcast or Download Shows 319-327

Listen To Pronk Pops Podcast or Download Shows 307-318

Listen To Pronk Pops Podcast or Download Shows 296-306

Listen To Pronk Pops Podcast or Download Shows 287-295

Listen To Pronk Pops Podcast or Download Shows 277-286

Listen To Pronk Pops Podcast or Download Shows 264-276

Listen To Pronk Pops Podcast or Download Shows 250-263

Listen To Pronk Pops Podcast or Download Shows 236-249

Listen To Pronk Pops Podcast or Download Shows 222-235

Listen To Pronk Pops Podcast or Download Shows 211-221

Listen To Pronk Pops Podcast or Download Shows 202-210

Listen To Pronk Pops Podcast or Download Shows 194-201

Listen To Pronk Pops Podcast or Download Shows 184-193

Listen To Pronk Pops Podcast or Download Shows 174-183

Listen To Pronk Pops Podcast or Download Shows 165-173

Listen To Pronk Pops Podcast or Download Shows 158-164

Listen To Pronk Pops Podcast or Download Shows 151-157

Listen To Pronk Pops Podcast or Download Shows 143-150

Listen To Pronk Pops Podcast or Download Shows 135-142

Listen To Pronk Pops Podcast or Download Shows 131-134

Listen To Pronk Pops Podcast or Download Shows 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Show 93

Listen To Pronk Pops Podcast or Download Show 92

Listen To Pronk Pops Podcast or Download Show 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Read Full Post | Make a Comment ( None so far )

David Stockman — Right On The Money, Economy, Trump and The Warfare and Welfare State — You Have Been Warned — Videos

Posted on April 30, 2017. Filed under: American History, Banking, Blogroll, Books, British History, Business, Communications, Congress, conservatives, Constitution, Corruption, Crisis, Cult, Culture, Economics, Education, Elections, Employment, European History, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, government spending, history, History of Economic Thought, Illegal, Immigration, Inflation, Investments, Islam, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Middle East, Monetary Policy, Money, Money, Non-Fiction, People, Philosophy, Photos, Politics, Rants, Raves, Raymond Thomas Pronk, Speech, Strategy, Talk Radio, Tax Policy, Taxation, Taxes, Video, Wahhabism, War, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , |

Image result for david stockman books

Image result for david stockman books

Image result for david stockman books
Image result for david stockman booksImage result for david stockman booksImage result for david stockman booksImage result for david stockman books

Image result for cartoons about david stockman

World’s Greatest Memory and Trump’s La la Land | David Stockman’s Warning

Published on Apr 29, 2017

You can also check out the following:

David Stockman’s Warning
Jim Sinclair
James Turk
Web bot
Silver News
Gold
Bix Weir
RoadToRoota
Road To Roota
Kyle Bass
Realist News
Greg Mannarino
Rob Kirby
Reluctant Preppers
The Next Newss
Info Wars
Maneco64
Mike Maloney
Gold Silver
Eric Sprott
Jim Rickards
David Morgan
Peter Schiff
Max Keiser
Robert Kiyosaki
SilverDoctors
Finance and Liberty
Nomi Prins
Jim Willie
Clif High
Martin Armstrong
Ron Paul
Pastor Williams
Bill Holter
Bo Polny
Jim Sinclair
James Turk
Clif High

Stockman on Trump’s Tax Plan: ‘Borrowing Money Is Not the Way to Prosperity’

David Stockman: National debt is ticking time bomb

David Stockman: Trump doesn’t know anything about tax policy

David Stockman: We’re wasting money on defense

David Stockman on Trump’s wall: I think it’s a stupid idea

David Stockman: Economy is on the edge of ruin

David Stockman: We’ll have a fiscal bloodbath, not fiscal stimulus

David Stockman Trumps Efforts To Drain The Swamp

David Stockman – Trump Will Create A Debt Crisis Like Never Before – 28 Feb 17 | Gazunda

David Stockman – Global Deflation As A Result Of Massive Over-investment – 9 Feb 16 | Gazunda

David Stockman Speaks on Shakeup Expected At The White House. #TheWhiteHouse

David Stockman: We are at peak debt headed for a recession

David Stockman on Trump’s infrastructure spending

RTD News: “A 20 Trillion Ticking Time Bomb…” – David Stockman

David Stockman: We have a massive bubble in the market

David Stockman -Trump Can’t Stop Market Crash Predicts Reagan’s Budget Director

Stockman: U.S. election is Brexit on steroids

[74] David Stockman | One Big Fat Ugly Bubble

David Stockman: Lester Holt was in the tank for Hillary Clinton

Stockman: Janet Yellen is a clueless economist

David Stockman: What the Fed and the Feds Have Done to Us, and How to Reverse It

David Stockman-We Are Nearing the End

[youtube-https://www.youtube.com/watch?v=5exbO-Ros2Q]

David Stockman: Why a Trump Presidency Is Very Possible

What Trump Should Do – With David Stockman

David Stockman Bubbles, Economic Collapse Coming 1

Robert Kiyosaki David Stockman discuss the biggest financial crisis in US history present,future

David Stockman: The US Is Fiscally, Morally, Intellectually Bankrupt

RTD News: “There Will Be No Rescue Out Of Washington This Time” – David Stockman

David Stockman – Conversations with Casey

How Crony Capitalism Corrupts the Free Market | David Stockman

The Forgotten Cause of Sound Money | David Stockman

Stockman: Market Will Not Be Pretty Under Trump

[Ed. Note: To see exactly what this former Reagan insider has to say about Trump and specifically what he believes must be done to drain the swamp, David Stockman is sending out a copy of his book Trumped! A Nation on the Brink of Ruin… And How to Bring It Back out to any American willing to listen. To learn how to get your free copy CLICK HERE.]

As bonds break a three day win streak and the U.S market hitting new record highs with a trifecta of records, CNBC was roaring about what to expect going forward. The Daily Reckoning contributor David Stockman joined Courtney Reagan to discuss what to expect going forward.

After the CNBC host positioned the critiques offered by David Stockman of the Trump administration she asked whether that would continue given the state of the market. Stockman did not mix words beginning the conversation with, “What’s going on today is complete insanity. The market is apparently pricing in a huge Trump stimulus package, when if you just look at the real world out there the only thing that is going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S history.

How much more evidence do these so called traders need? Trump is lost in Twitter-land and he is out of control. He is turning out to be a complete jackass in the Oval Office. Co-President Bannon is off the deep end on terrorism, travel bans, Mexican walls, immigrant bashing and protectionism.”

David Stockman is a former Reagan Administration official who was the Office of Management and Budget Director. He also served as a two-term Congressman from the great state of Michigan. His latest book, Trumped! A Nation on the Brink of Ruin… And How to Bring It Back is out now. It offers his insight and exclusive analysis on exactly what the newly elected president must do in order to succeed in the White House. To get your own FREE copy, CLICK HERE to learn how.

“[They are] having nothing to do with the economic agenda and Trump has got an empty economic bench. He’s got no Secretary of the Treasury, no Office of Management and Budget, no Council of Economic Advisor Chairman. By this time, when I was there with the Reagan Administration, the plan was ready to go and he was going to Congress within a couple of days into February. We have a debt ceiling freight train coming down the road which will hit March 15 and then the cash will start running out and the system will be on edge. All of the continuing resolutions expire in April.”

“They are going to spend the year trying to repeal and replace Obamacare and it will be a fiasco. Nothing is going to happen this year. I don’t even think they can pass the budget resolution. There is going to be no tax action this year. If there is any bill next year it is going to be deficit neutral. Which means it is not going to add $15 to earnings like these crazy people expect.”

“Why would you be trading in this market, with this kind of chaos emerging everywhere at twenty six times trailing earnings? That’s where we are. It is completely crazy and it is only a question of how many more days or weeks that this kind of fantasy land can last.”

David Stockman Market In Text 2

Courtney Reagan then pressed back asking, “At what point do you give in and admit that [Trump] is atypical but maybe he could get things done? I mean, look at all of the CEO’s that Trump has met with.” The former Reagan insider remarked that, “CEO’s come and go with every president. They came in with Reagan, they tell a president what they want to hear. These guys are just selling the song and dance about how many jobs they’re going to create in the next five years. They have no clue.”

“If we have a recession in the next five years, which surely we will, because recessions have not been outlawed and we haven’t had one for ten years. None of this stuff is going to happen. This is meaningless. What is meaningful is that Trump is out of control. This tweeting and getting off track on all of this terrorism stuff. This is a sign that there is going to be no governing coalition and that all of this fiscal stimulus expected by Wall Street is a complete fantasy. It can’t happen.”

Rickards’ Reaction: A Model For Predicting Financial Collapse

Jim Rickards’ reveals the only model you need to safe guard your wealth from the next financial crisis. In this 5-part exclusive framework a former Wall Street and intelligence community insider breaks down his analysis into a model to warm of impending financial collapse. The model is designed to offer the easiest and fastest way to apply hard facts, science and good sound analysis. Sign up for the Daily Reckoning e-letter today and receive your FREE report.

We will NOT share your email address

When CNBC then turned over the camera to a day trader who asked about the positive sentiment that exists within the market regarding Trump and his plan to deregulate Stockman stayed true to message. “Trump is just putting out press releases and the guise of Executive Orders. All of this stuff is going to get litigated, it goes through a rulemaking process, that takes years. So the relief on regulation will be important, but it way down the road and it won’t be that impactful.”

“The second thing, is we’re at 92 months in this expansion already. It is running out of gas. You can’t expect it to run forever. That is seemingly what is priced in by the market.”

“The third thing is, we have a giant debt and deficit problem. The debt ceiling is coming back into play it will be 20 trillion when it freezes in on March 15th. I’ll tell you this, people aren’t paying attention to the fact that Trump will never get a debt ceiling increase through the Congress without a government shutdown. When that happens it is, “bar the doors” because nobody is expecting it. We need to look at the facts, not the hopes.”

As the CNBC affirmed, it is not clear that the market is just going to drop tomorrow and history will repeat itself, Stockman repositioned. “The market it clearly factoring in a big Trump stimulus and I think anybody down there would admit if it doesn’t happen, if we get zero tax cuts, if we get a fiscal bloodbath in the Washington I am describing – the market is not going to stay where it is today at these absurd multiples of earnings.”

“This is all based on the idea that there is going to be a surge of economic growth and that profits are going to come back from about $89 a share by basis, where they were during the last twelve months, to a potential $110 or $130. My argument is there is not going to be any economic rebound. There is not going to be any profit surge. Therefore the market will be repricing dramatically downward once it is clear.”

Another CNBC analysis asked why – with the positive trends in jobless claims, manufacturing increasing, interest rates at near record lows – would the market not close out the year near record levels? “The market is assuming that profits are going to rebound. That we are not going to have any market dislocation and that nobody is going to be pushing back on Trump. It is hard to understand how people watching the day-to-day action down there could believe that.”

“Everybody is pushing back on Trump, he can’t even get his cabinet approved. He’s going to be bogged down in a Supreme Court fight, he’s going to be bogged down in a fight over a ridiculous travel ban. The idea that there is not going to be pushback is naive. What there is going to be is a train wreck. It is already clear that the people in the White House have no idea what they’re doing and it is only a matter of time before this honeymoon goodwill evaporates and the politicians get down to doing what they do best. Which is to undermine and obstruct anything that might be positive.”

When finally asked whether there is anything positive that would make him turn bullish in the near future he responded affirmably, “No, because Trump is inheriting thirty years of a disaster created by his predecessors. We have to take this $20 trillion of debt seriously. There is $10 trillion more built in under current policy, and that is without a dime of Trump tax cuts, infrastructure or stimulus. There is going to be a tremendous fiscal crisis in the years ahead which will prevent any of the kind of action that the “stimulus junkies” are looking for.

To catch the full interview with David Stockman on CNBC click here. If you would like to claim your own free copy of David Stockman’s bestseller Trumped! Click here to learn how.

Thanks for reading,

Craig Wilson, @craig_wilson7
for the Daily Reckoning

https://dailyreckoning.com/stockman-market-under-trump/

David Stockman

From Wikipedia, the free encyclopedia
David Stockman
David Stockman by Gage Skidmore.jpg
Director of the Office of Management and Budget
In office
January 21, 1981 – August 1, 1985
President Ronald Reagan
Preceded by Jim McIntyre
Succeeded by Jim Miller
Member of the U.S. House of Representatives
from Michigan‘s 4th district
In office
January 3, 1977 – January 21, 1981
Preceded by Edward Hutchinson
Succeeded by Mark Siljander
Personal details
Born David Alan Stockman
November 10, 1946 (age 70)
Fort Hood, Texas, U.S.
Political party Republican
Spouse(s) Jennifer Blei (1983–present)[1]
Education Michigan State University (BA)
Harvard University
Website Official website

David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Early life and education

Stockman was born in Fort Hood, Texas, the son of Allen Stockman, a fruit farmer, and Carol (née Bartz).[2] He is of German descent, and his family’s surname was originally “Stockmann”.[3] He was raised in a conservative family, and his maternal grandfather, William Bartz, was a Republican county treasurer for 30 years.[4][5] Stockman was educated at public schools in Stevensville, Michigan. He graduated from Lakeshore High School in 1964[6] and received a B.A. in History from Michigan State University in 1968. He was a graduate student at Harvard University, 1968–1970 studying theology

Political career

Stockman’s Congressional portrait

He served as special assistant to United States Representative and 1980 U.S. presidential candidate John Anderson of Illinois, 1970–1972, and was executive director, United States House of Representatives Republican Conference, 1972–1975.

Congress

Stockman was elected to the United States House of Representatives for the 95th Congress and was reelected in two subsequent elections, serving from January 3, 1977, until his resignation January 21, 1981, to accept appointment as Director of the Office of Management and Budget for U.S. President Ronald Reagan.

Office of Management and Budget

Stockman was one of the most controversial OMB directors ever appointed, also known as the “Father of Reaganomics.” He resigned in August 1985. Committed to the doctrine of supply-side economics, he assisted in the passing of the “Reagan Budget” (the Gramm-Latta Budget), which Stockman hoped would curtail the “welfare state“. He thus gained a reputation as a tough negotiator with House Speaker Tip O’Neill‘s Democratic-controlled House of Representatives and Majority Leader Howard Baker‘s Republican-controlled Senate. During this period, Stockman became well known to the public during the contentious political wrangling concerning the role of the federal government in American society.

Stockman’s influence within the Reagan Administration was weakened after the Atlantic Monthly magazine published the infamous 18,246 word article, “The Education of David Stockman”,[7] in its December 1981 issue, based on lengthy interviews Stockman gave to reporter William Greider.

Stockman was quoted as referring to Reagan’s tax act in these terms: “I mean, Kemp-Roth [Reagan’s 1981 tax cut] was always a Trojan horse to bring down the top rate…. It’s kind of hard to sell ‘trickle down.’ So the supply-side formula was the only way to get a tax policy that was really ‘trickle down.’ Supply-side is ‘trickle-down’ theory.”[7] Of the budget process during his first year on the job, Stockman was quoted as saying, “None of us really understands what’s going on with all these numbers,” which was used as the subtitle of the article.[7]

After “being taken to the woodshed by the president” because of his candor with Greider, Stockman became concerned with the projected trend of increasingly large federal deficits and the rapidly expanding national debt. On 1 August 1985, he resigned from OMB and later wrote a memoir of his experience in the Reagan Administration titled The Triumph of Politics: Why the Reagan Revolution Failed in which he specifically criticized the failure of congressional Republicans to endorse a reduction of government spending to offset large tax decreases to avoid the creation of large deficits and an increasing national debt.

Fiscal legacy

President Jimmy Carter’s last fiscal year budget ended with a $79.0 billion budget deficit (and a national debt of $907,701,000,000 [8] as of September 30, 1980), ending during the period of David Stockman’s and Ronald Reagan’s first year in office, on October 1, 1981.[9] The gross federal national debt had just increased to $1.0 trillion during October 1981 ($998 billion on 30 September 1981, up from $907.7 billion during the last full fiscal year of the Carter administration[8]).

By 30 September 1985, four and a half years into the Reagan administration and shortly after Stockman’s resignation from the OMB during August 1985, the gross federal debt was $1.8 trillion.[8] Stockman’s OMB work within the administration during 1981 until August 1985 was dedicated to negotiating with the Senate and House about the next fiscal year’s budget, executed later during the autumn of 1985, which resulted in the national debt becoming $2.1 trillion at fiscal year end 30 September 1986.[8] Reaganomics had just begun.

In 1981, Stockman received the Samuel S. Beard Award for Greatest Public Service by an Individual 35 Years or Under, an award given out annually by Jefferson Awards.[10]

Business career

After leaving government, Stockman joined the Wall St. investment bank Salomon Brothers and later became a partner of the New York–based private equity company, the Blackstone Group.[11]:125–127 His record was mixed at Blackstone, with some very good investments, such as American Axle, but also failures, including Haynes International and Republic Technologies.[11]:144–147 During 1999, after Blackstone CEO Stephen A. Schwarzman curtailed Stockman’s role in managing the investments he had developed,[11]:146 Stockman resigned from Blackstone to start his own private equity fund company, Heartland Industrial Partners, L.P., based in Greenwich, Connecticut.[12]

On the strength of his investment record at Blackstone, Stockman and his partners raised $1.3 billion of equity from institutional and other investors. With Stockman’s guidance, Heartland used a contrarian investment strategy, buying controlling interests in companies operating in sectors of the U.S. economy that were attracting the least amount of new equity: auto parts and textiles. With the help of about $9 billion in Wall Street debt financing, Heartland completed more than 20 transactions in less than 2 years to create four portfolio companies: Springs Industries, Metaldyne, Collins & Aikman, and TriMas. Several major investments performed very poorly, however. Collins & Aikman filed for bankruptcy during 2005 and when Heartland sold Metaldyne to Asahi Tec Corp. during 2006, Heartland lost most of the $340 million of equity it had invested in the business.[13]

Collins & Aikman Corp.

During August 2003, Stockman became CEO of Collins & Aikman Corporation, a Detroit-based manufacturer of automotive interior components. He was ousted from that job days before Collins & Aikman filed for bankruptcy under Chapter 11 on May 17, 2005.

Criminal and civil charges

On March 26, 2007, federal prosecutors in Manhattan indicted Stockman in “a scheme… to defraud [Collins & Aikman]’s investors, banks and creditors by manipulating C&A’s reported revenues and earnings.” The United States Securities and Exchange Commission also brought civil charges against Stockman related to actions that he performed while CEO of Collins & Aikman.[14] Stockman suffered a personal financial loss, over $13 million, along with losses suffered by as many as 15,000 Collins & Aikman employees worldwide.

Stockman said in a statement posted on his law firm’s website that the company’s end was the consequence of an industry decline, not due to fraud.[15] On January 9, 2009, the US Attorney’s Office announced that it did not intend to prosecute Stockman for this case.[16]

Web site

In March 2014 Stockman launched a web based daily periodical, David Stockman’s Contra Corner featuring both his own articles and those from leading contrarian thinkers on geopolitics, economics, and finance.

Personal life

Stockman lives in the Upper East Side of Manhattan in New York City.[12] He is married to Jennifer Blei Stockman and is the father of two children, Rachel and Victoria. Jennifer Blei Stockman is a chairwoman emerita of the Republican Majority for Choice,[17] and President of the Solomon R. Guggenheim Foundation Board of Trustees.[18] In 2013, Stockman signed an amicus brief to the Supreme Court in favor of same-sex marriage.[19]

Quotes

  • “[Social Security] has to be means-tested. And Medicare needs to be means-tested […] Let the Bush tax cuts expire. Let the capital gains go back to the same rate as ordinary income.”[20]
  • “The Republican Party has totally abdicated its job in our democracy, which is to act as the guardian of fiscal discipline and responsibility. They’re on an anti-tax jihad — one that benefits the prosperous classes.”[21]
  • “I invest in anything that Bernanke can’t destroy, including gold, canned beans, bottled water and flashlight batteries.”[22]
  • “Ninety-two percent of the wealth is owned by five percent of the people.” (Bloomberg TV 2013)
  • “[T]he Republican Party was hijacked by modern imperialists during the Reagan era. As a consequence, the conservative party cannot perform its natural function as watchdog of the public purse because it is constantly seeking legislative action to provision a vast war machine of invasion and occupation.” [23]

Bibliography

  • The Reagan Economic Plan, 1981
  • The Triumph of Politics: Why the Reagan Revolution Failed, Harper & Row, 1986, ISBN 9780060155605
  • The Great Deformation: The Corruption of Capitalism in America, PublicAffairs, 2013, ISBN 9781586489120
  • Trumped!: A Nation on the Brink of Ruin, and How to Bring it Back, 2016

References

  1. Jump up^ “LOSING THE BATTLES AND WINNING THE WAR”. Lexington Herald-Leader. April 7, 1985.
  2. Jump up^ Hunter, Marjorie (December 12, 1980). “Office of Management and Budget David Alan Stockman; Strong Support From Kemp Chosen by House Republicans Views on Economy”. The New York Times.
  3. Jump up^ “News65”. 19 June 1998.
  4. Jump up^ “The Tuscaloosa News – Google News Archive Search”.
  5. Jump up^ “The Montreal Gazette – Google News Archive Search”.
  6. Jump up^ Heibutzki, Ralph (2012-06-04). “Stockman Surprise Speaker at Lakeshore’s Graduation”. The Herald-Palladium. Retrieved 2012-06-04.
  7. ^ Jump up to:a b c William Greider (December 1981). “The Education of David Stockman”. The Atlantic Online.
  8. ^ Jump up to:a b c d Treasury Department’s Historical Debt Outstanding – Annual 1950 – 1999
  9. Jump up^ Office of Management and Budget Historical Tablessee Table 1.1 (Excel Spreadsheet)
  10. Jump up^ “Jefferson Awards”. Jefferson Awards.
  11. ^ Jump up to:a b c David Carey & John E. Morris (2001). King of Capital: The Remarkable Rise, Fall and Rise Again of Steve Schwarzman and Blackstone. Crown.
  12. ^ Jump up to:a b “Collins & Aikman seeks to emerge from bankruptcy,” Bloomberg News article by Jeff Bennett, published in the newspaper The Advocate of Stamford and (identical version, perhaps with changes by the local editor in the common business section for both newspapers) in the Greenwich Time on September 5, 2006, page A7, The Advocate
  13. Jump up^ David Carey and Lou Whiteman, “PE firms find buyer for Metaldyne,” The Deal, Sept. 1, 2006.
  14. Jump up^ Levin, Doris (29 March 2007). “Stockman Outsmarts Self in Detroit”. Bloomberg. Retrieved 19 September 2014.
  15. Jump up^ “Ex-Collins Chief David Stockman Charged With Fraud (Update10)”. Bloomberg. March 26, 2007. Retrieved 2010-08-02.
  16. Jump up^ “Fraud charges dropped against ex-Reagan aide David Stockman”. Chicago Tribune. 10 January 2009. Retrieved 19 September 2014.
  17. Jump up^ About Us Republican Majority for Choice
  18. Jump up^ Trustees, Solomon R. Guggenheim Foundation
  19. Jump up^ [1]
  20. Jump up^ “Why David Stockman Isn’t buying it”. CBS News. March 2, 2012.
  21. Jump up^ Dickinson, Tim (Nov 9, 2011). “How the GOP Became the Party of the Rich”. Rolling Stone. Retrieved 2011-11-10.
  22. Jump up^ David Stockman: I Invest In Anything Bernanke Can’t Destroy, John Carney, CNBC, October 6, 2010
  23. Jump up^ Stockman, David (2013). The Great Deformation — the corruption of capitalism in America. PublicAffairs. p. 688. ISBN 978-1586489120.

External links

United States House of Representatives
Preceded by
Edward Hutchinson
Member of the U.S. House of Representatives
from Michigan’s 4th congressional district

1977–1981
Succeeded by
Mark Siljander
Political offices
Preceded by
Jim McIntyre
Director of the Office of Management and Budget
1981–1985
Succeeded by
Jim Miller
Read Full Post | Make a Comment ( None so far )

Progressive Interventionist Neoconservative Warmonger Senator John McCain — Let The NATO Nations Defend Themselves and Pay For Their Own Defense — Progressive Democrats and Republicans Have Given The American People The Warfare and Welfare State and Replaced The Constitutional American Republic With A Declining and Falling American Empire of The Two Party Tyranny — $20 Trillion in Debt and Unfunced Liabilities Exceeding $210 Trillion and Growing — A Day of Reckoning — United States Is Bankrupt — Steve Bannon and President Trump Know It — Videos

Posted on March 16, 2017. Filed under: Articles, Banking, Blogroll, Books, Business, Communications, Computers, Congress, conservatives, Constitution, Corruption, Culture, Demographics, Diasters, Documentary, Economics, History of Economic Thought, Investments, Macroeconomics, Microeconomics, Monetary Policy, Money, Non-Fiction, Technology, Unemployment, Video, War, Wealth, Weather, Welfare, Wisdom, World War II, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , |

 “It is our true policy to steer clear of permanent alliance with any portion of the foreign world”

~George Washington

 “Peace, commerce, and honest friendship with all nations-entangling alliances with none.”

~Thomas Jefferson

Image result for quotes george washington on steer clear of permanent alliancesImage result for quotes george washington on alliances

Image result for NATO map

Image result for NATO list of countries and date joined

Image result for NATO list of countries and date joined

Image result for NATO list of countries and date joined

Image result for NATO list of countries and date joined

Image result for quotes george washington on alliances

Image result for quotes george washington on alliancesImage result for thomas jefferson on debt burdening future generationsImage result for thomas jefferson on debt burdening future generations

National Debt Clock

Image result

Sen McCain on Sen. Paul: “The Senator from Kentucky is now working for Vladimir Putin.” (C-SPAN)

Rand Paul ‘John McCain is proof we need term limits’

[youtube3=https://www.youtube.com/watch?v=AGT4wCmKjas]

RAND PAUL VS. JOHN MCCAIN: RAND REACTS TO MCCAIN’S RUSSIAN AGENT CLAIM!!

Rand Paul: McCain ‘past his prime,’ maybe ‘unhinged’

Pence: Time For Allies To Pay Fair Share For NATO

Other NATO members need to pay their fair share?

Trump complains at NATO countries for not paying defense share

Congressman Ron Paul, MD – We’ve Been NeoConned

Steve Bannon Lays Out His AMAZING Political Philosophy

Published on Nov 18, 2016

Speech by Stephen K. Bannon (Steve Bannon), Donald Trump’s senior strategic advisor and architect of his winning 2016 election. In this speech delivered to the Liberty Restoration Foundation, Bannon layed out the poliitical philosophy both he and Trump embrace, and which appealed to the American people in the election. It is conservative, perhaps explaining why the political liberal left has resorted to evidently incorrect allegations of antisemitism or racism to try to derail his appointment. Bannon was a Hollywood producer who invested in the Seinfeld comedy TV series, and later became the chair of the Brietbart News Service, expanding it into one of the leading news sources nationally, as an alternative to liberal media outlets that previously dominated US media. He joined the Trump campaign in June 2016, leading him to victory and the White House. Do you think that Bannon is racist, as the democrats have alleged?

Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending

Uploaded on May 10, 2010

Huge budget deficits and record levels of national debt are getting a lot of attention, but this video explains that unfunded liabilities for entitlement programs are Americas real red-ink challenge. More important, this CF&P mini-documentary reveals that deficits and debt are symptoms of the real problem of an excessive burden of government spending. http://www.freedomandprosperity.org

III – Unfunded Liabilities

Rhett Talks – Is the United States Bankrupt?

Laurence Kotlikoff at MTSU November 5, 2015

‘US hides real debt, in worse shape than Greece’

Unfunded Liabilities: James Cox of Silver Bullion interviews Professor Kotlikoff

The Actual Fiscal Gap Is Approximately $210 Trillion Dollars With All The Unfunded Liabilities, The Average Person, Every Man, Woman, And Child Owes……$666,666.667

8 years ago, when Obama took office, the Debt Clock was at 9 TRILLION Dollars.
Today, the US Debt Clock at almost 20 TRILLION Dollars.
http://www.usdebtclock.org/

This is an 87% increase.

The actual Fiscal Gap is approximately $210 TRILLION Dollars.
with all the unfunded liabilities.

With the population of the US is over 315 MILLION People, this means that the average person, every man, woman, and child owes……$666,666.667

Where does this lead?
Look at Brazil, Argentina, Cyprus, Greece, Italy,……

Who ends up with the bill?
THE TAXPAYER!

http://investmentwatchblog.com/the-actual-fiscal-gap-is-approximately-210-trillion-dollars-with-all-the-unfunded-liabilities-the-average-person-every-man-woman-and-child-owes-666666-667/

17 Nobel Laureates and 1200+ Economists Agree with Ben Carson re U.S. Fiscal Gap

I cover economics, personal, national, and international.

Michelle Lee, a fact checker with the Washington Post, just posted a long and, to my mind, highly political column. Her column, read carefully, undermines Presidential candidate Ben Carson’s absolutely correct claim, made in announcing his candidacy, that the true measure of U.S. fiscal debt is not the $13 trillion our government reports as its debt. Instead, our true debt is over $200 trillion. Obviously, most of this true debt has been kept off the books by our politicians.

In this column, I’m going to defend Dr. Carson’s statement. But I want to point out that I don’t know Dr. Carson. I have never spoken with him. And I don’t yet know enough about Dr. Carson’s positions to have a view about his overall suitability for President. I am, however, impressed that out of the gate he is talking about the right measure of our nation’s fiscal condition.

I spoke at length to Michelle Lee prior to her writing her column. She told me she was a fact checker. But when fact checking turns into disguised political commentary, there’s a problem. Fact checkers are supposed to check the facts with experts. When it comes to economics, the experts are PhD economists, not political organizations or people, without real economics training, parading as economists, both of which she quotes in undermining Dr. Carson’s credibility.

Now let me turn to the substance. In referring to $211 trillion in unfunded mandates, Dr. Carson was referencing my calculation of the U.S. fiscal gap. As I explained in a NY Times op ed, the U.S. fiscal gap is $210 trillion. So Dr. Carson was off by $1 trillion – by less than one half of one percent.

The fiscal gap is the present value of all projected future expenditures less the present value of all projected future taxes. The fiscal gap is calculated over the infinite horizon. But since future expenditures and taxes far off in the future are being discounted, their contribution to the fiscal gap is smaller the farther out one goes. The $210 trillion figure is based on the Congressional Budget Office’s July 2014 Alternative Fiscal Scenario projections, which I extended beyond their 75-year horizon.

Dr. Carson referenced $211 trillion as the size of “unfunded mandates.” Michelle Lee correctly points out that Dr. Carson was referencing the U.S. fiscal gap, not the present value of mandatory spending. What she knew (because I told her), but failed to say, is that the present value of mandatory spending is far larger than $210 trillion because the fiscal gap is a net, not a gross number.

Michelle Lee is not a PhD economist. Nor is Bruce Barlett, whose truly absurd statement about the debt being an asset she quotes. Yes, it’s an asset, but it’s an asset that young and future generations must pay off. Social Security benefits are also an asset to their recipients, but again, they must be paid off by people who aren’t getting the benefits.

Michelle Lee apparently takes Bruce Bartell’s views more seriously than the views of 17 Nobel Laureates in economics and over 1200 PhD economists from MIT, Harvard, Stanford, Chicago, Berkeley, Yale, Columbia, Penn, and lesser known universities and colleges around the country. Each of these economists has endorsed The Inform Act, a bi-partisan bill that requires the CBO, GAO, and OMB to do infinite horizon fiscal gap accounting on a routine and ongoing basis.

https://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/#46c13e954d17

National Debt

What You’ll Find

Comprehensive and meticulously documented facts about the national debt. Learn about various measures of the national debt, contributing factors, consequences, and more. For example:


Citation Generator

Introductory Notes

In keeping with the practice of the Congressional Budget Office and other federal agencies that deal with budget policy, many of the federal debt, spending, and revenue figures in this research are expressed as a portion of gross domestic product (GDP). This is because debates about the size of government and the effects of its debt are frequently centered upon how much of a nation’s economy is consumed by government. This measure also accounts for population growth, some of the effects of inflation, and the relative capacity of government to service its debt.

However, the federal government does not have the entire U.S. economy at its disposal to service federal debt. The private sector, which produces the goods and services that comprise most of the economy, utilizes some of these resources, and local and state governments also consume some of the nation’s GDP. Hence, this research sometimes expresses federal debt as a portion of annual federal revenues. This is a more direct measure of the federal government’s capacity to service its debt.

In keeping with Just Facts’ Standards of Credibility, all graphs in this research show the full range of available data, and all facts are cited based upon availability and relevance, not to slant results by singling out specific years that are different from others.

Click here for a video that summarizes some of the key facts in this research.

Quantifying the National Debt

* As of March 1, 2017, the official debt of the United States government is $19.9 trillion ($19,920,418,771,289).[1] This amounts to:

  • $61,365 for every person living in the U.S.[2]
  • $158,326 for every household in the U.S.[3]
  • 106% of the U.S. gross domestic product.[4]
  • 560% of annual federal revenues.[5]
Debt as a Portion of the Economy

[6]

* Publicly traded companies are legally required to account for “explicit” and “implicit” future obligations such as employee pensions and retirement benefits.[7] [8] [9] The federal budget, which is the “government’s primary financial planning and control tool,” is not bound by this rule.[10] [11]

* At the close of the federal government’s 2016 fiscal year (September 30, 2016), the federal government had roughly:

  • $8.5 trillion ($8,542,000,000,000) in liabilities that are not accounted for in the publicly held national debt, such as federal employee retirement benefits, accounts payable, and environmental/disposal liabilities.[12]
  • $29.0 trillion ($29,038,000,000,000) in obligations for current Social Security participants above and beyond projected revenues from their payroll and benefit taxes, certain transfers from the general fund of the U.S. Treasury, and assets of the Social Security trust fund.[13] [14]
  • $32.9 trillion ($32,900,000,000,000) in obligations for current Medicare participants above and beyond projected revenues from their payroll taxes, benefit taxes, premium payments, and assets of the Medicare trust fund.[15] [16]

* The figures above are determined in a manner that approximates how publicly traded companies are required to calculate their liabilities and obligations.[17] [18] [19] The obligations for Social Security and Medicare represent how much money must be immediately placed in interest-bearing investments to cover the projected shortfalls between dedicated revenues and expenditures for all current participants in these programs (both taxpayers and beneficiaries).[20] [21] [22]

* Combining the figures above with the national debt and subtracting the value of federal assets, the federal government had about $84.3 trillion ($84,306,000,000,000) in debts, liabilities, and unfunded obligations at the close of its 2016 fiscal year.[23]

* This $84.3 trillion shortfall is 93% of the combined net worth of all U.S. households and nonprofit organizations, including all assets in savings, real estate, corporate stocks, private businesses, and consumer durable goods such as automobiles and furniture.[24] [25]

* This shortfall equates to:

  • $260,382 for every person living in the U.S.[26]
  • $670,058 for every household in the U.S.[27]
  • 451% of the U.S. gross domestic product.[28]
  • 2,370% of annual federal revenues.[29]

* These figures do not account for the future costs implied by any current policies except those of the Social Security and Medicare programs.[30]

* These figures are based upon current federal law and “a wide range of complex assumptions” made by federal agencies.[31] Regarding this:

  • The Board of Social Security Trustees has stated that “significant uncertainty” surrounds the “best estimates” of future circumstances.”[32]
  • The Board of Medicare Trustees has stated that the program’s financial projections “are highly uncertain, especially when looking out more than several decades.”
  • The Board of Medicare Trustees has stated that the program’s long-term costs may be “substantially higher” than projected under current law. This is because current law includes the effects of the Affordable Care Act, which will cut Medicare prices for “many” healthcare services to “less than half of their level” under prior law. Per the Trustees:
Absent an unprecedented change in health care delivery systems and payment mechanisms, the prices paid by Medicare for health services will fall increasingly short of the costs of providing these services. … Before such an outcome would occur, lawmakers would likely intervene to prevent the withdrawal of providers from the Medicare market and the severe problems with beneficiary access to care that would result.[33]

Causes of the National Debt

Spending and Taxes

Current Expenditures and Receipts

† To measure the entirety of government expenditures and receipts, “total” instead of “current” figures are preferable, but such data (shown in the next graph) only extends back to 1960.[34]

‡ In 2015, receipts consisted of: 97% taxes; 2% premiums, settlements, donations, fines, fees, & penalties; 1% interest & dividends.[35]

[36]

* Data from the graph above:

Year Receipts
(Portion of GDP)
Expenditures
(Portion of GDP)
1930 3% 3%
1940 8% 9%
1950 16% 16%
1960 17% 17%
1970 17% 20%
1980 19% 22%
1990 18% 22%
2000 20% 19%
2010 16% 25%
2015 19% 22%

Total Expenditures and Receipts

[37]

* Data from the graph above:

Year Receipts
(Portion of GDP)
Expenditures
(Portion of GDP)
1960 18% 19%
1970 18% 21%
1980 19% 23%
1990 18% 22%
2000 20% 19%
2010 16% 27%
2015 19% 22%

Spending Distribution

Current Expenditures by Function

† Social programs include income security, healthcare, education, housing, and recreation.

‡ National defense includes military spending and veterans’ benefits.

§ General government and debt service includes the executive & legislative branches, tax collection, financial management, and interest payments.

# Economic affairs includes transportation, general economic & labor affairs, agriculture, natural resources, energy, and space. (This excludes spending for infrastructure projects such as new highways, which is not accounted for in this graph.[38])

£ Public order and safety includes police, fire, law courts, prisons, and immigration enforcement.

[39]

* Data from the graph above:

Category Portion of Total Federal Spending
1960 1970 1980 1990 2000 2010 2015
Social Programs 21% 32% 45% 44% 54% 61% 63%
National Defense 53% 42% 26% 25% 19% 20% 19%
General Government & Debt Service 19% 18% 21% 25% 21% 13% 13%
Economic Affairs & Infrastructure 6% 7% 7% 5% 5% 4% 4%
Public Order & Safety 0% 0% 1% 1% 1% 1% 1%

Tax Distribution

Effective Tax Rates by Income

NOTE: This data does not account for 7% of federal revenues that could not be allocated to households by income group.

[40]

* Data from the graph above:

Average Effective Federal Tax Burdens (2013)
Income Group Household Income Tax Rate Taxes Paid
Lowest 20% $25,400 3.3% $838
Second 20% $47,400 8.4% $3,982
Middle 20% $69,700 12.8% $8,922
Fourth 20% $103,700 17.0% $17,629
Highest 20% $265,000 26.3% $69,695

* Breakdown of the highest 20%:

Income Group Household Income Tax Rate Taxes Paid
81st – 90th $147,100 20.7% $30,450
91st – 95th $201,400 23.0% $46,322
96th – 99th $326,800 26.3% $85,948
Top 1 % $1,571,600 34.0% $534,344

Consequences

* As detailed in publications of the Congressional Budget Office, the Brookings Institution, and Princeton University Press, the following are some potential consequences of unchecked government debt:

  • reduced “future national income and living standards.”[41] [42] [43]
  • “reductions in spending” on “government programs.”[44]
  • “higher marginal tax rates.”[45]
  • “higher inflation” that increases “the size of future budget deficits” and decreases the “the purchasing power” of citizens’ savings and income.”[46] [47]
  • restricted “ability of policymakers to use fiscal policy to respond to unexpected challenges, such as economic downturns or international crises.”[48]
  • “losses for mutual funds, pension funds, insurance companies, banks, and other holders of federal debt.”[49]
  • increased “probability of a fiscal crisis in which investors would lose confidence in the government’s ability to manage its budget, and the government would be forced to pay much more to borrow money.”[50] [51]

* In 2012, the Journal of Economic Perspectives published a paper about the economic consequences of government debt. Using 2,000+ data points on national debt and economic growth in 20 advanced economies (such as the United States, France, and Japan) from 1800–2009, the authors found that countries with national debts above 90% of GDP averaged 34% less real annual economic growth than when their debts were below 90% of GDP.[52]

* The United States exceeded a debt/GDP level of 90% in the second quarter of 2010.[53]

* Per the textbook Microeconomics for Today:

GDP per capita provides a general index of a country’s standard of living. Countries with low GDP per capita and slow growth in GDP per capita are less able to satisfy basic needs for food, shelter, clothing, education, and health.[54]

* In 2013, the Political Economy Research Institute at the University of Massachusetts, Amherst, published a working paper about the economic consequences of government debt. Using data on national debt and economic growth in 20 advanced economies from 1946-2009, the authors found that countries with national debts over 90% of GDP averaged:

  • 31% less real annual economic growth than countries with debts from 60% to 90% of GDP,
  • 29% less real annual economic growth than countries with debts from 30% to 60% of GDP,
  • and 48% less real annual economic growth than countries with debts from 0% to 30% of GDP.[55]

* The authors of the above-cited papers have engaged in a heated dispute about the results of their respective papers and the effects of government debt on economic growth. Facts about these issues can be found in the Just Facts Daily article, “Do large national debts harm economies?

Politics

Responsibility

* The U.S. Constitution vests Congress with the powers to tax, spend, and pay the debts of the federal government. Legislation to carry out these functions must either be:

  • passed by majorities in both houses of Congress and approved by the President; or
  • passed by majorities in both houses of Congress, vetoed by the President, and then passed by two-thirds of both houses of Congress; or
  • passed by majorities in both houses of Congress and left unaddressed by the President for ten days.[56]

* Other factors impacting the national debt include but are not limited to legislation passed by previous congresses and presidents,[57] economic cycles, terrorist attacks, natural disasters, demographics, and the actions of U.S. citizens and foreign governments.[58]


Current Policies

* In 2014, the Congressional Budget Office (CBO) projected the debt that the U.S. government would accumulate under current federal policies.[59] The projection used the following assumptions:

  • Unemployment will incrementally decline from 6.8% in 2014 to 5.8% in 2018 and 5.3% in 2027, where it will remain thereafter.[60] (For reference, the average of the previous 40 years is 6.5%.[61])
  • GDP growth will incrementally decline from an average rate of 3.4% above the rate of inflation in 2015 to 1.9% in 2021 and remain constant thereafter.[62] (The average of the previous 40 years is 2.9%.[63])
  • Federal revenues (i.e., taxes) will incrementally increase from 17.4% of GDP in 2014 to 18.0% in 2024 and remain constant thereafter.[64] (The average of the previous 40 years is 17.4%.[65])
  • Federal spending will incrementally increase from 20.4% of GDP in 2014 to 23.6% in 2025 and 31.8% in 2040.[66] (The average of the previous 40 years is 20.5%.[67])
  • Payments for Medicare services will undergo scheduled reductions that would likely cause “severe problems with beneficiary access to care.”[68] [69]

* Combining these projections with historical data yields the following results:

Revenues and Spending Under Current Policies

[70]

Debt Under Current Policies

† To measure the entirety of the national debt, it would be preferable to show “gross” debt instead of “publicly held” debt, but this data is not presented in this report. Nonetheless, it would make little difference because the excluded debt primarily resides in federal government trust funds that dwindle and become insolvent during the projection period.[71] Facts regarding why and how the federal government keeps its books in this manner are covered in the section of this research entitled “Government Accounting.”

[72]

* Per CBO, postponing action to stabilize the debt will:

  • punish younger generations of Americans, because most of the burden would fall on them.
  • reward older generations of Americans, because “they would partly or entirely avoid the policy changes needed to stabilize the debt.”
  • “substantially increase the size of the policy adjustments needed to put the budget on a sustainable course.”[73] [74]

* The following Ph.D. economists and political scientists have claimed that the level of national debt during World War II is a good reason to not be overly concerned about the modern national debt:

  • Paul Davidson, editor of the Journal of Post Keynesian Economics and author of The Keynes Solution: The Path to Global Economic Prosperity:[75]
Rather than bankrupting the nation, this large growth in the national debt [during World War II] promoted a prosperous economy. By 1946, the average American household was living much better economically than in the prewar days. Moreover, the children of that Depression–World War II generation were not burdened by having to pay off what then was considered a huge national debt. Instead, for the next quarter century, the economy continued on a path of unprecedented economic growth and prosperity….[76]
  • Douglas J. Amy, professor of politics at Mount Holyoke College:[77]
Conservatives are also wrong when they argue that deficit spending and a large national debt will inevitably undermine economic growth. To see why, we need to simply look back at times when we have run up large deficits and increased the national debt. The best example is World War II when the national debt soared to 120% of GDP—nearly twice the size of today’s debt. This spending not only got us out of the Great Depression but set the stage for a prolonged period of sustained economic growth in the 50s and 60s.[78]
  • Paul Krugman, Nobel Prize-winning economist and Princeton University professor:[79]
Right now, federal debt is about 50% of GDP. So even if we do run these deficits, federal debt as a share of GDP will be substantially less than it was at the end of World War II.
Again, the debt outlook is bad. But we’re not looking at something inconceivable, impossible to deal with; we’re looking at debt levels that a number of advanced countries, the U.S. included, have had in the past, and dealt with.[80]

* In the 40 years that followed the end of World War II (1946–1985):

  • federal spending as a percent of GDP averaged 42% lower than the last year of the war.[81]
  • publicly held debt as a percent of GDP decreased by 72 percentage points.[82]

* In 2010, around the time when the statements above were written, the Congressional Budget Office projected that under current policy and a sustained economic recovery over the next 40 years:

  • federal spending as a percent of GDP will average over 78% higher than in the four decades that followed World War II.[83]
  • publicly held debt as a percent of GDP will rise by 277 percentage points.[84]

Alternative Policies

* As alternatives to the CBO’s current policy projections detailed above, the CBO also ran projections for scenarios such as these:

1) Current law:[85]

  • Federal revenues will incrementally increase from 17.6% of GDP in 2014 to 18.0% in 2020, 19.9% in 2044, and 23.5% in 2084.[86] [87] At this point, federal revenues (i.e., taxes) will be 35% higher than the average of the previous 40 years.[88]
  • Federal spending on all government functions will incrementally increase from 20.4% of GDP in 2014 to 21.5% in 2020, and 26.0% in 2040.[89] At this point, spending will be 27% higher than the average of the previous 40 years.[90]
  • Payments for Medicare services will undergo reductions that will likely cause “severe problems with beneficiary access to care.”[91] [92]

2) Republican Congressman Paul Ryan’s 2014 budget resolution, called the “The Path to Prosperity”:[93]

  • Starting in 2024, Medicare beneficiaries will have a choice to enroll in private plans paid for by Medicare or remain in the traditional Medicare program.[94] Also starting in 2024, the eligibility age for Medicare benefits will incrementally rise to correspond with Social Security’s retirement age.[95] Compared to the projections under the current policy scenario, Medicare spending will be 0.5% lower in 2016, 2% lower in 2020, and 4% lower in 2024.[96]
  • Federal Medicaid spending will be converted to an “allotment that each state could tailor to meet its needs, indexed for inflation and population growth.”[97] The expansion of Medicaid manadated by the Affordable Care Act (a.k.a. Obamacare) will be repealed.[98] Compared to the projections under the current policy scenario, Medicaid spending will be 9% lower in 2016, 19% lower in 2020, and 24% lower in 2024.[99]
  • All federal spending related to Obamacare’s exchange subsidies will be repealed.[100]
  • Spending on all government functions except for interest payments on the national debt will incrementally decline from 18.9% of GDP in 2015 to 16% in 2025 before increasing to 16.4% in 2035.[101] (The average of the previous 40 years is 18.3%).[102]
  • Revenues will increase from 18.2% of GDP in 2015 to 18.4% in 2025, 19% in 2032 and stay constant thereafter.[103] (The average of the previous 40 years is 17.4%.[104])

* Combining historical data on the national debt with CBO’s projections for current policy, current law, and the Ryan plan yields the following results:

Debt Under Different Policies

[105] [106]


Public Opinion

* A poll conducted by NBC News and the Wall Street Journal in February 2011 found that:

  • 80% of Americans are concerned “a great deal” or “quite a bit” about federal budget deficits and the national debt.
  • if the deficit cannot be eliminated by cutting wasteful spending, 35% of Americans prefer to cut important programs while 33% prefer to raise taxes.
  • 22% think cuts in Social Security spending will be needed to “significantly reduce the federal budget deficit,” 49% do not, and 29% have no opinion or are not sure.
  • 18% think cuts in Medicare spending will be needed to “significantly reduce the federal budget deficit,” 54% do not, and 28% have no opinion or are not sure.[107]

* Other than interest on the national debt, most of the long-term growth in federal spending (as a percent of GDP) under the CBO’s current policy and current law scenarios stems from Social Security, Medicare, Medicaid, the Children’s Health Insurance Program, and Affordable Care Act (a.k.a. Obamacare) subsidies.[108]

* A poll conducted in November 2010 by the Associated Press and CNBC found that:

  • 85% of Americans are worried that the national debt “will harm future generations.”
  • 56% think “the shortfalls will spark a major economic crisis in the coming decade.”
  • when asked to choose between two options to balance the budget, 59% prefer to cut unspecified government services, while 30% prefer to raise unspecified taxes.[109]

* A poll conducted in July 2005 by the Associated Press and Ipsos found that:

  • 70% of Americans were worried about the size of the federal deficit.
  • 35% were willing to cut government spending.
  • 18% were willing to raise taxes.
  • 1% were willing to cut government spending and raise taxes.[110]

Congresses

* During the first session of the 113th Congress (January–December 2013), U.S. Representatives and Senators introduced 168 bills that would have reduced spending and 828 bills that would have raised spending.[111]

* The table below quantifies the costs and savings of these bills by political party. This data is provided by the National Taxpayers Union Foundation:

Costs/Savings of Bills Sponsored or Cosponsored

in 2013 by Typical Congressman (in Billions)

Increases Decreases Net Agenda
House Democrats $407 $10 $397
Senate Democrats $22 $3 $18
House Republicans $9 $91 -$83
Senate Republicans $6 $165 -$159

[112] [113]

* Click here to look up any member of Congress and see the annual costs or savings from the legislation he or she has sponsored or cosponsored.

* The table below quantifies the net agendas of the political parties in previous Congresses:

Costs/Savings of Bills Sponsored or Cosponsored in the First

Sessions of Congress by Typical Congressman (in Billions)

2011 2009 2007 2005 2003 2001 1999
House Democrats $497 $500 $547 $547 $402 $262 $34
Senate Democrats $24 $134 $59 $52 $174 $88 $15
House Republicans -$130 -$45 $7 $12 $31 $20 -$5
Senate Republicans -$239 $51 $7 $11 $26 $19 -$324
NOTE: Data not adjusted for inflation.

[114]


Presidents

* In February 2001, Republican President George W. Bush stated:

Many of you have talked about the need to pay down our national debt. I listened, and I agree. We owe it to our children and grandchildren to act now, and I hope you will join me to pay down $2 trillion in debt during the next 10 years. At the end of those 10 years, we will have paid down all the debt that is available to retire. That is more debt, repaid more quickly than has ever been repaid by any nation at any time in history.[115]

* From the time that Congress enacted Bush’s first major economic proposal (June 7, 2001[116]) until the time that he left office (January 20, 2009), the national debt rose from 53% of GDP to 74%, or an average of 2.7 percentage points per year.[117]

* During eight years in office, President Bush vetoed 12 bills, four of which were overridden by Congress and thus enacted without his approval.[118] These bills were projected by the Congressional Budget Office to increase the deficit by $26 billion during 2008–2022.[119]


* In February 2009, Democratic President Barack Obama stated:

I refuse to leave our children with a debt that they cannot repay—and that means taking responsibility right now, in this administration, for getting our spending under control.[120]

* From the time that Congress enacted Obama’s first major economic proposal (February 17, 2009[121]) until September 30, 2016, the national debt rose from 74% of GDP to 105%, or an average of 4.0 percentage points per year.[122]

* As of November 4, 2016, President Obama has vetoed twelve bills, one of which has been overridden by Congress and thus enacted without his approval.[123] This bill is projected by the Congressional Budget Office to “have no significant effect on the federal budget.”[124]

Government Accounting

Trust Funds and the Two Main Categories of Debt

* Some federal programs (such as Social Security) have “trust funds” that are legally separated from the rest of the federal government.[125]

* When these programs spend less than the federal government allocates to them, their surpluses are loaned to the federal government. This creates a legal obligation for the federal government to pay money and interest to these programs, thus adding to the national debt.[126] [127] [128] [129] [130]

* The federal government divides the national debt into two main categories:[131] [132]

  1. Money that it owes to federal entities such as the Social Security program.
  2. Money that it owes to non-federal entities such as individuals, corporations, local governments, and foreign governments.[133] Also, money owed to the Federal Reserve is classified under this category, even though the Federal Reserve is a federal entity.[134] [135]

NOTE: Just Facts has identified numerous instances in which politicians and journalists have used terms that technically refer to the overall national debt, when in fact, they are only referring to a portion of it. In order to clear up some of the confusion this has created, below are common terms for the national debt categorized by their proper meanings:

  • Overall national debt: gross debt, federal debt, public debt[136]
  • Portion of the national debt owed to federal entities: debt held by government accounts, government-held debt, intragovernmental holdings[137] [138] [139]
  • Portion of the national debt owed to non-federal entities: debt held by the public, publicly held debt[140][141]

* On September 30, 2016, the national debt consisted of:

  • $5.4 trillion owed to federal entities
  • $14.2 trillion owed to non-federal entities
  • $19.6 trillion owed in total[142]

* The federal law that governs the repayment of the national debt draws no distinction between the debt owed to federal and non-federal entities. Both must be repaid with interest.[143]

* The White House Office,[144] [145] Congressional Budget Office,[146] and other federal agencies[147] sometimes exclude the debt owed to federal entities in their reckonings of the national debt because this portion of the debt “represents internal transactions of the government and thus has no effect on credit markets.”

* Federal programs to which this money is owed, such as Social Security and Medicare, include this money and the interest it generates in their assets and financial projections.[148] [149] [150]

* In the 2000 presidential race, the Gore-Liebermann campaign released a 192-page economic plan that contains over 150 uses of the word “debt.” In none of these instances does the plan mention or account for any of the debt owed to federal entities.[151] The same plan includes the debt owed to federal entities in the assets of the Social Security and Medicare programs.[152]


“Deficits” and “Surpluses”

* During the federal government’s 2010 fiscal year (October 1, 2009 to September 30, 2010[153]), the national debt rose from $12.0 trillion to $13.6 trillion, thus increasing by $1.6 trillion.[154]

* The White House,[155] USA Today,[156] Reuters,[157] and other government and media entities reported that the 2010 federal “deficit” was $1.3 trillion.

* The difference between the national debt increase of $1.6 trillion and the reported deficit of $1.3 trillion is attributable to the following accounting practices:

  • When calculating the reported deficit, the federal government merges the finances of all federal programs into what is called the “unified budget.” Hence, the deficit does not account for the intergovernmental debt that arises when programs such as Social Security loan their surpluses to the federal government.[158]
  • When the federal government lays out money for programs such as TARP and student loans, the outgo is not fully counted in the deficit. The deficit reflects only what the government expects to lose or gain on these loans.[159] [160]

* PolitiFact, a Pulitzer Prize-winning project of the Tampa Bay Times to “help you find the truth in politics,”[161] has stated that there were “several years of budget surpluses” during Bill Clinton’s presidency. This same article cites the rise in “national debt” during the tenure of George W. Bush.[162]

* Using the same criterion PolitiFact applied to Bush’s presidency (change in gross national debt), the national debt rose every year of Clinton’s presidency:

Year National Debt on Inauguration Date†

(billions)

1993 $4,188
1994 $4,501
1995 $4,797
1996 $4,988
1997 $5,310
1998 $5,496
1999 $5,624
2000 $5,706
2001 $5,728
† NOTE: PolitiFact used the inauguration date for its debt baseline.

The national debt also rose every fiscal year of Clinton’s presidency.

[163] [164]

Ownership

* As of September 30, 2016, the national debt consists of:

Amount Owed To: Portion of Total
$14.2 trillion owed to non-federal entities (i.e., publicly held debt) 72%
$5.4 trillion owed to federal entities (i.e., intragovernmental debt) 28%

[165]


Debt Owed to Non-Federal Entities

* Ownership of publicly held debt as of September 30, 2016:

Debt Owed to Non-Federal Entities

* Data from the chart above:

Entities Amount (billions) Portion of Total
Foreign & International $6,148 45%
Federal Reserve[166] $2,462 18%
Other Investors $1,343 10%
Mutual Funds $1,315 10%
State & Local Governments $687 5%
Banks & Savings Institutions $547 4%
Private Pension Funds $540 4%
Insurance Companies $297 2%
U.S. Savings Bonds $172 1%
State and Local Government Pension Funds $164 1%

[167]


Debt Owed to Foreign Entities

* Per the White House Office of Management and Budget (2016):

During most of American history, the Federal debt was held almost entirely by individuals and institutions within the United States. In the late 1960s, foreign holdings were just over $10 billion, less than 5 percent of the total Federal debt held by the public. Foreign holdings began to grow significantly starting in the 1970s and now represent almost half of outstanding [publicly held] debt.[168]

* Ownership of U.S. government debt by foreign creditors as of August 31, 2016:

Debt Owed to Foreign Entities

* Data from the chart above:

Country Amount (billions) Portion of Total
China, Mainland $1,185 19%
Japan $1,144 18%
Ireland $266 4%
Cayman Islands $264 4%
Brazil $256 4%
Switzerland $238 4%
Luxembourg $220 4%
United Kingdom $205 3%
Hong Kong $192 3%
Taiwan $190 3%
Others $2,037 33%
Total $6,196 100%

[169]

* Foreign purchases of U.S. government debt increase the demand for this debt, thus putting downward pressure on U.S. interest rates. Conversely, foreign sales of U.S. government debt place upward pressure on U.S. interest rates.[170] [171]

* Per a 2008 Congressional Research Service report, a “potentially serious short-term problem would emerge if China decided to suddenly” sell its holding of U.S. government debt. Possible effects could include:

  • “a more general financial reaction (or panic), in which all foreigners responded by reducing their holdings of U.S. assets”;
  • “a sudden and large depreciation in the value of the dollar”;
  • “a sudden and large increase in U.S. interest rates”;
  • a stock market fall; and/or
  • “a recession.”[172]

* The same report states:

The likelihood that China would suddenly reduce its holdings of U.S. securities is questionable because it is unlikely that doing so would be in China’s economic interests. First, a large sell-off of China’s U.S. holdings could diminish the value of these securities in international markets…. Second, such a move would diminish U.S. demand for Chinese imports…. A sharp reduction of U.S. imports from China could have a significant impact on China’s economy….[173]

* During a visit to China in February 2009, Secretary of State Hillary Clinton said:

By continuing to support American Treasury instruments [i.e., buy U.S. government debt] the Chinese are recognizing our interconnection. … We have to incur more debt. It would not be in China’s interest if we were unable to get our economy moving again. … The U.S. needs the investment in Treasury bonds to shore up its economy to continue to buy Chinese products.[174]

* In August 2007 during a currency dispute between the U.S. and China, two leading officials of Chinese Communist Party bodies suggested that China use the threat of selling U.S. debt as a “bargaining chip.”[175]

* In February 2009 during a dispute over U.S. arms sales to Taiwan, a Chinese general made the following statements in the state-run magazine Outlook Weekly:

Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counterpunches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease. … [W]e could sanction them using economic means, such as dumping some U.S. government bonds.[176]

* One month later while appearing before China’s parliament, the head of China’s State Administration of Foreign Exchange said:

the U.S. Treasury market is important to us. … This is purely market-driven investment behavior. I would hope not to see this matter politicized.[177]

Debt Owed to Federal Entities

* Ownership of intergovernmental debt as of September 30, 2016:

Debt Owed to Federal Entities

* Data from the chart above:

Funds Amount (billions) Portion of Total
Social Security $2,843 53%
Civil Service Retirement and Disability $874 16%
Military Retirement $591 11%
Medicare $256 5%
Department of Defense Retiree Healthcare $213 4%
Postal Service Retiree Health Benefits $51 1%
Other $572 11%

[178]

Media

Budget Cuts

* In April 2011, journalists reported on a $38 billion federal budget cut agreement with the following headlines and phraseology:

  • “New Cuts Detailed in Agreement for $38 Billion in Reductions”; “deep budget cuts in programs for the poor, law enforcement, the environment and civic projects” – Los Angeles Times[179]
  • “Congress Sends Budget Cut Bill to Obama”; “cutting a record $38 billion from domestic spending” – Associated Press[180]
  • “Budget Deal to Cut $38 Billion Averts Shutdown”; “Republicans were able to force significant spending concessions from Democrats….” – New York Times[181]

* None of these articles reported that this figure of $38 billion in cuts was primarily relative to a portion of the budget called “discretionary non-emergency appropriations.”[182] Relative to the entire federal budget, this cut left a projected spending increase of $135 billion from 2010 to 2011. This equates to an inflation-adjusted increase of $49 billion or 0.1 percentage points of GDP:[183]

Federal Outlays

[184]

* None of the articles quoted above contains a budget-wide frame of reference for the cuts. A spending reduction of $38 billion equates to 1.0% of the estimated 2011 budget or 2.7% of the projected deficit:

Budget Cut

[185]


Bush Tax Cuts

* In February 2010, Fareed Zakaria of CNN stated:

Now, please understand that the Bush tax cuts are the single largest part of the black hole that is the federal budget deficit.[186]

* In 2010, the Bush tax cuts lowered federal revenues by about $283 billion.[187] [188] This was equivalent to 8% of the federal budget or 22% of the deficit.[189]

* Per the Congressional Budget Office (CBO), “Most parameters of the tax code are not indexed for real income growth, and some are not indexed for inflation.” Thus, if tax cuts are not periodically implemented, average federal tax rates “increase in the long run.”[190]

* In 2000, the year before the first Bush tax cuts were passed,[191] the federal government collected revenues equal to 20.4% of the nation’s gross domestic product (GDP), the highest level in the history of the United States.[192] Over the previous 30 years, federal revenues averaged 18.3% of GDP.[193]

* In 2000, the stock market “dot.com” bubble burst,[194] the NASDAQ lost 39% of its value,[195] and profits for nonfinancial corporations fell by 18%.[196] In the first quarter of 2001, the nation’s GDP contracted and a recession began.[197] [198]

* In June 2001 and May 2003, Congress passed and President Bush signed laws that implemented various tax cuts.[199] [200]

* After the Bush tax cuts were fully implemented, federal revenues were 17.8% of GDP in 2005, 18.5% in 2006, and 18.6% in 2007.[201] Average federal revenues for the 30 years preceding the Bush tax cuts were 18.4%.[202]

* The Great Recession began in December 2007,[203] and federal revenues declined to 17.7% of GDP in 2008.[204]

* In February 2009, Congress passed and President Obama signed a law that implemented various tax cuts.[205]

* Federal revenues declined to 15.7% of GDP in 2009 and 16.4% in 2010.[206]

* Federal spending rose from 21.0% of GDP in 2007 to 26.5% in 2010.[207] Average federal spending for the 30 years preceding the Great Recession was 21.8%.[208]


The “Do Nothing” Plan

* In April 2011, Ezra Klein of the Washington Post posted a graph of spending and revenue projections based upon CBO’s “current law” scenario and wrote that it:

shows what happens if we do … nothing. The answer, as you can see, is that the budget comes roughly into balance.[209]

* Klein’s graph and commentary omitted the interest and outcome of the national debt under this plan.[210] In the “do nothing” scenario, outlays were projected to exceed revenues every year through 2084, and the publicly held debt was projected to increase from 62% of GDP in 2010, to 74% in 2030, 90% in 2050, and 113% in 2084.[211]

* In the same commentary, Klein wrote that the “current law” scenario is “a pretty good plan” that contains:

a balanced mix of revenues, through returning tax rates to Clinton-era levels and implementing the taxes in the Affordable Care Act, and program cuts … in Medicare….[212]

* Under this scenario:

  • Certain elements of the tax code are not indexed for inflation or wage growth. Consequently, taxpayers are shifted over time into higher tax brackets.
  • According to the Congressional Budget Office, by 2020 revenues “reach higher levels relative to the size of the economy than ever recorded in the nation’s history.”
  • Revenues as a portion of GDP continue climbing through 2084, rising 69% higher than the average of the past 40 years and 47% higher than ever recorded in the history of the United States.[213] [214]
  • As a portion of GDP, federal spending without interest on the national debt rises by 2084 to 68% higher than the average of the past 40 years.[215]

Context

* Without mentioning the role of Congress in taxes, spending, or the national debt,[216] [217] PolitiFact (in the same article cited above) wrote that the national debt increased by $5.73 trillion “under” George W. Bush whereas there were budget surpluses “at the end of the Clinton administration.”[218]

* Below are the fluctuations in national debt organized by the tenures of recent presidents and congressional majorities:

Political Power

Dates

Average Annual Change in National Debt

(Percentage Points of GDP)

Bill Clinton with Democratic House and Senate 1/20/93 – 1/4/95 0.9
Bill Clinton with Republican House and Senate 1/4/95 – 1/19/01 -1.6
George W. Bush with Republican House and Senate 1/19/01 – 6/6/01, 11/12/02 – 1/4/07 0.8
George W. Bush with Republican House and Democratic Senate 6/6/01 – 11/12/02 2.3
George W. Bush with Democratic House and Senate 1/4/07 – 1/20/09 6.5
Barack Obama with Democratic House and Senate 1/20/09 – 1/4/11 9.3
Barack Obama with Republican House and Democratic Senate 1/5/11 – 1/6/15 1.9

[219]

* Other factors impacting the national debt include but are not limited to: legislation passed by previous congresses and presidents,[220] economic cycles, terrorist attacks, natural disasters, demographics, and the actions of U.S. citizens and foreign governments.[221]

Read Full Post | Make a Comment ( None so far )

Three Years Behind The Curve Too Late Federal Open Market Committee (FOMC) Increases Target Federal Funds Rate to .75-1.0% — Financial Repression of Savers Slowly Continues — Videos

Posted on March 15, 2017. Filed under: American History, Articles, Banking, Blogroll, Books, Business, College, Communications, Congress, conservatives, Constitution, Corruption, Crisis, Documentary, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Freedom, government, government spending, history, History of Economic Thought, Language, liberty, Life, Links, Literacy, Macroeconomics, media, Monetary Policy, Money, Movies,