Minutes from the Federal Reserve’s latest monetary policy committee meeting reveal there are no plans to cut interest rates in the near future.
Jerome Powell, in the meeting, suggested “We will need to see continuing evidence to build confidence that inflation is moving down sustainably to our goal.” The current Fed Rate at 5.25% -5.5% is the highest it’s been in 23 years, a rate that has remained unchanged since July of 2023.
The minutes of the Federal Reserve’s monetary policy committee meetings are always revealed late. And when the economy is, as it is now, at a turning point, a three-week drag can be a long time. With that caveat, the minutes from its January 30-31 meeting confirm the message already delivered by Federal Reserve Chairman Jerome Powell: rates have peaked, their next move will be down, but that is not imminent. Add to each of these statements the adverb “foreseeably”.
Powell usually gives a good summary of the meetings, but their minutes add valuable nuance. On this occasion, most of the Fed’s message sounds familiar, but the minutes include an explicit warning against rushing too quickly into rate cuts: “Some participants noted the risk that progress toward price stability could stall, particularly if aggregate demand strengthened or supply side healing slowed more than expected. Participants highlighted the uncertainty associated with how long a restrictive monetary policy stance would need to be maintained. Most participants noted the risks of moving too quickly to ease the stance of policy and emphasized the importance of carefully assessing incoming data in judging whether inflation is moving down sustainably to 2%. A couple of participants, however, pointed to downside risks to the economy associated with maintaining an overly restrictive stance for too long.”
Google’s AI imaging tool Gemini revealed the “woke” nature of its programming when it began to produce images of historic white figures as being anything but white.
Even Nazis were POC-washed by the “woke” machine, which Google has now taken offline to “correct” the natural consequence of the cancerous ideology of hate, fear, and fake hope, the ideology of the DNC-CCP that holds to the lie that white people invented evil, the ideology often referred to as “woke.”
Users slammed Google’s artificial intelligence tool, known as Gemini, as “woke” after it refused to show images of white people and created historically inaccurate images in the name of diversity. In response to the issue, Google announced the company is pausing the Gemini artificial intelligence image generation feature.
According to The New York Post, some examples of the artificial intelligence tool’s inaccurate creations when asked to generate images included a black man representing George Washington and an Asian woman dressed as the pope. The Verge reported another example of Google’s inaccurate artificial intelligence tool was discovered when it generated Asian and black Nazi soldiers from 1943.
Multiple social media users reported issues with Google’s artificial intelligence tool. One user shared inaccurate photos that were generated with the software in response to various prompts. The images featured black Vikings, black and Asian founding fathers, and “diverse” popes.
“We’re aware that Gemini is offering inaccuracies in some historical image generation depictions,” Google announced Wednesday.
JPMorgan, BlackRock, and State Street Global Advisors have pulled out of the United Nations Climate Alliance as it becomes increasingly aware that customers aren’t interested in the draconian, sovereignty-killing plans of the UN to allegedly “save the planet” and the “remedies” would destroy the businesses that the plan relies on to come to fruition.
JPMorgan stated, “The firm has built a team of 40 dedicated sustainable investing professionals, including investment stewardship specialists who also leverage one of the largest buy side research teams in the industry. Given these strengths and the evolution of its own stewardship capabilities, JPMAM has determined that it will no longer participate in Climate Action 100+ engagements.”
JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements.
In a statement, the New York-based Jamie Dimon’s JPMorgan explained that it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability team and the establishment of its climate risk framework in recent years.
Larry Fink’s BlackRock and State Street, which both manage trillions of dollars in assets, said the alliance’s climate initiatives had gone too far, expressing concern about potential legal issues as well.
The stunning announcements come as the largest financial institutions in the US and worldwide face an onslaught of pressure from consumer advocates and Republican states over their environmental, social and governance (ESG) priorities.
With both Mexico and the United States facing elections for the top offices in their land, the American left and the Mexican left have forged an agreement to assure illegal immigration into the U.S. is limited until their elections are over.
Mexico has an election for their top spot, President, in June while the Democrats in America face an election in November.
Mexico and the United States will hold presidential elections within the same calendar year for the first time in more than two decades. Mexican President Andres Manuel Lopez Obrador’s willingness to crack down on migrant crossings may have more to do with securing an election victory for U.S. President Joe Biden and his own ruling Morena political party than securing the border. A temporary pause in migration designed to ensure a November win for the Democrats in the United States and a June win for AMLO’s Morena party candidate, Claudia Sheinbaum, could keep the border wide open for years to come.
A 2024 win for both Sheinbaum and President Biden in the near-simultaneous elections would also benefit Mexico’s violent cartels, who profit from the lax national security posture present in both countries. A victory for Sheinbaum, who shares AMLO’s stance on dealing with Mexican cartels with “hugs, not bullets,” will likely spell a continuation of the cartel’s ability to continue flooding the United States with fentanyl and other narcotics if paired with a Biden victory…
The effects of the under-the-radar Biden/AMLO border plan have been visible in Texas border cities. According to a source within U.S. Customs and Border Protection, apprehensions along the Texas border have dropped by 60 percent between December and February. As reported by Breitbart Texas, the sudden reduction in migrant crossings along the Texas-Mexico border began shortly after a series of meetings between Biden and AMLO in late December, followed by a meeting between the Mexican President and Secretary of State Anthony Blinken and DHS Secretary Alejandro Mayorkas shortly afterward.
Michigan’s State Board of Education pushed back against the anti-American party’s push to create a database of homeschool parents, warning that the process could open the door for warrantless searches of homeschool families.
The anti-American party, the DNC-CCP, is pushing forward with its plans to create the homeschool database, claiming they’re infringing on the rights of Americans to “save the children,” the usual tactic that ironically comes from the party of death that advocates murdering children up to and soon after birth.
The State Board of Education in Michigan meeting on Feb 13th, 2024 raised concerns about registration lists for homeschooled parents…
On February 13th, the Michigan State Board of Education met for their monthly meeting. Towards the end of the meeting, prior to closing, Board Member Tom McMillin of Oakland Township added his comments regarding a push to require registration requirements for homeschooling.
McMillin’s issue with creating a registration has been a contentious subject in Michigan dating back to at least 2015. However, recently the proposed “list” idea has thrust itself back into the spotlight after a case in Clinton County, where two couples are accused of adopting “nearly 30 children, some of whom the [couples] are accused of abusing.”
In response to the case, Michigan Attorney General Dana Nessel said in an X post that “implementing monitoring mechanisms is crucial to ensure that all children, including those homeschooled, receive necessary protections.” McMillin believes that “a mere registration, a list of people…will not help prevent what AG Nessel is talking about.” He believes the list is nothing more than a pathway to monitoring and said that Nessel is “saying the quiet part out loud”:
“She basically said we want this list so we can have…warrantless home entry into this particular targeted group…but we have a legal system that says you have to have a warrant before you go in.
However, because of this one instance, some in the state want to be able to barge in and bust the door down….It’s not hyperbolic. If they knock on the door and they say “no, I don’t want you to come in”…and there’s all kinds of reasons not to have them in…there’s a book called “Three Felonies a Day”…if the government wants to get you, there going to find something. Without a warrant, they shouldn’t be coming into your house.
I just think…it’s going to go beyond registration. They’re either naive or they’re being disingenous for anybody to say ‘all we want to do is have a list.’ It’s going to go significantly further than that. They’re going to either want to know exactly what’s being taught or they’re going to want entry into the houses. And so I think that this is a real problem. I guess I just wish that the debate would be sincere.
…anyone with half a brain realizes it doesn’t stop there.”
Lawfare Assassin and DNC-CCP revolutionary activist “Judge” Arthur Engoron has denied Donald J Trump’s request for a 30-day stay on his nearly half a billion fine for committing fraud without a victim. The move was not unexpected, but it further lays bare the absolute lawlessness of the party this seditious Judge represents, the DNC-CCP, frenemy to America’s enemies.
The judge who presided over the civil fraud case against Donald Trump and his company has rejected his attorney’s request to delay enforcing the $350 million judgment against them.
“You have failed to explain, much less justify, any basis for a stay,” Judge Arthur Engoron wrote in an email Thursday to Trump attorney Clifford S. Robert shortly before he officially signed off on the judgment, which totals over $450 million with pre-judgment interest.
In an email to the judge Wednesday, Robert noted that the company has a court-appointed monitor already in place, so “there is no prejudice to the (state) Attorney General in briefly staying enforcement to allow for an orderly post-Judgement process, particularly given the magnitude of Judgement.”
A special counsel in the New York attorney general’s office, Andrew Amer, said in a letter to Engoron Thursday that he shouldn’t grant Robert’s request because the defendants didn’t “provide any basis for staying enforcement of the judgement.” He also noted that the defendants “requested such relief in their post-trial brief, which the Court declined to grant.”
The Lawfare assault on former President Donald J Trump that is the NY Fraud trial produced a draconian verdict that is sending shockwaves throughout the billionaire class in NY, with former Shark Tank star and current billionaire Kevin O’Leary joining a growing list of wealthy people who are pledging to keep their business out of the state.
It seems when you assault a man for political reasons using lawfare as a means to illegally confiscate his wealth, the wealthy get nervous that the kind of power you’re creating doesn’t offer them the security that the old American model afforded them. Perhaps competition IS better than state protection, after all.
… On Monday, “Shark Tank” star and famed investor Kevin O’Leary declared that he is ceasing all future investment activities in New York.
He labeled NY a “loser state” due to its political climate and legal persecution of Trump.
O’Leary is now turning his attention to states like Oklahoma, North Dakota, West Virginia, Florida, and Texas for his future business ventures.
Also on Monday, private equity fund manager Grant Cardone, a hugely successful and prominent businessman with $4 billion in assets under management, announced he will “NOT waste time in New York.”…
In a Monday post on X, Cardone said:
“Cardone Capital just started to research real estate investments in New York believing it was time to get into the market.
“After the overreach by the judge in the Trump case & penalties imposed of $355M I told them team do NOT waste time in New York.
“We will 2X our efforts in: Florida, Arizona, Texas, Tennessee.”
CardoneCapital just started to research real estate investments in New York believing it was time to get into the market.
After the over reach by the judge in the Trump case & penalties imposed of $355M I told them team do NOT waste time in New York.
Nikki Haley’s campaign at this point is mostly being supported by 5,200 wealthy Democrats who hope to defeat Trump in the GOP primary, knowing full well a Haley candidacy will lose to the Democrat since she is effectively running as one. 1,600 of these Democrats gave Haley over half a million dollars in January of this year alone.
That point is brought through by this quote from one of her biggest Democrat “supporters,” LinkedIn billionaire Reid Hoffman, who said, “While I am a staunch supporter of Biden and hope he will win a second term, I also provided financial support to Nikki Haley’s super PAC [because] my first priority is to defeat Trump, and the [Republican] primary is the first of two chances to do so.”
Nimarata ‘Nikki’ Haley’s failing presidential campaign is being bankrolled by over 5,200 former donors to Joe Biden’s 2020 presidential campaign, lending credence to Donald Trump’s contention that she is only remaining in the race to try and damage him ahead of the general election.
The Biden donors underwriting Haley include 1,600 people who donated over $500,000 in January alone — her biggest month for donations ever, despite the fact she was crushed by Trump in Iowa, where she placed third, and New Hampshire.
Previously, the former United Nations ambassador received hundreds of thousands of dollars from Reid Hoffman, the LinkedIn billionaire and visitor to Epstein Island who has also bankrolled E. Jean Carroll and Russia hoaxers Fusion GPS.
A Fox News study claims that 7.3 million people have entered the U.S. illegally, which is enough to fill the current population levels of 36 U.S. states combined. Last year was a record year that saw over 2.4 million people entering the U.S. illegally.
NEW DELHI: Around 7.3 million migrants illegally entered the United States by crossing the southwest border during President Biden’s tenure, according to a Fox News study.
Greater than the population of 36 individual states, if the current rate of illegal immigration does not decrease, fiscal year 2024 is projected to surpass last year’s record of 2,475,669 southwest border contacts, as reported by Fox News.
The figures are sourced from the United States Customs and Border Protection, which has already reported 961,537 border interactions in the current fiscal year, spanning from October to September.
The total number of southwest land border interactions since Biden took office in 2021 is 7,298,486, according to CBP data.
On January 24th 2024, Texas Governor Greg Abbott issued a statement, concerning the right of the State of Texas to defend itself from invasion, because – quoting from the statement – the Federal Government as a body and specifically, the administration of President Joe Biden, have broken the Compact between the Several States and the Federal Government (the foundational concept that underpins the notion of the “United States of America”) by not simply pointedly and openly declining to defend the nation from a literal “invasion” at the southern border, but in actively taking measures to prevent the State of Texas from defending itself.
Abbott specifically cited the Biden administration failing to fulfill its duties under Article IV § 4 of the Constitution, which has now required Abbott, as Governor, to invoke Article 1 § 10 Clause 3 of the Constitution requiring him to take measures to defend the state.
This statement was issued on the heels of a frankly stunning decision by the United States Supreme Court on January 22nd, which allowed the US Border Patrol to remove razor wire barricades emplaced by Texas National Guard troops assigned to defend Texas’ border with Mexico along the Rio Grande River. In effect, the Supreme Court sided with the Biden administration in suborning an invasion of the United States.
The massive influx of illegal aliens is a subject we have discussed here previously. The fairest “neutral” assessment of the impact of illegal immigration comes from, of all places, Wikipedia:
However, given the reactions of “sanctuary cities” – most of them longtime strongholds of the Democrat Party – to having waves of “migrants” dumped (waves that are not even comparable to the numbers being dumped on Texas) on their doorsteps, not just by Republican-led states such as Texas and Florida, but by the Federal Government itself, it is clear that the staggering numbers are having an immediate, clear and disproportionate impact on the nation (leaving aside said migrants frequently complaining bitterly about the aid and shelter they are given, including appeals to citizens to house illegal aliens in churches and private homes).
In response to Governor Abbott’s January 24th statement, many politicians have begun to hysterically demand that President Biden federalize the Texas National Guard to halt the Texas program to stem the flow of illegal migrants, and to restrict them to using the legal crossing points, and to follow the established legal processes.
This situation (which has been building for well over a decade as of this writing), and the breathless demands to invoke the Insurrection Act to stop Texas’ actions, has brought the nation perilously close to an actual “civil war”, for the first time since 1860. This is because, as of this writing, some twenty-five state Governors have definitively stated their support of Governor Abbott and the state of Texas.
Actually federalizing a state’s National Guard against the wishes of their state’s governor has been done before, famously in 1957 in Arkansas in regards to the “Little Rock Nine”. A popular misconception is that a state’s National Guard cannot be federalized without that state’s governor consenting to the mobilization. As demonstrated in Arkansas, this is patently untrue.
The National Guard was created by the Militia Act of 1903, known popularly as the “Dick Act” after its sponsor, Ohio Congressman Charles Dick (R), in response to the severe manpower shortage in the US Army in the aftermath of the Spanish-American War (1898) and the subsequent campaigns against Filipino guerrillas in the Philippines Insurrection (1899-1902).
This latter campaign was hampered by American volunteers – who had been enlisted for a period of two years – insisting on being sent home after the conclusion of the war against Spain. As those who had volunteered specifically for the war against Spain were technically still a part of the Militia of the United States, they could not be required to serve longer than the conclusion of the war unless they specifically volunteered to do so.
This manpower issue came from Article 1, § 8, Clause 15 of the “Militia Clauses” (which includes Clause 16 of the same Article and Section) of the Constitution, which strictly limits the call-up and use of the Militia to executing “…the Laws of the Union, suppress Insurrections and repel Invasions…” As a result, the United States quickly found itself significantly hampered in the Philippines by not having enough troops.
The “Dick Act” was written specifically to bypass the restrictions of the “Militia Clauses”, in order to create a new military entity in the form of the National Guard (and later, the Air National Guard). In effect, the “Dick Act” created a type of reserve formation for the US Army (before the creation of the actual “Army Reserve”), which (ultimately) would be equipped and trained by the US Army, but which be paid for by the states, who would also be allowed to use the military formations within the state, at the discretion of its governor. However, if the Federal government decided that they needed to mobilize the National Guard, they could do so at any time…whether a governor agrees with the Federal government or not, as was demonstrated in 1957, in Arkansas.
In the context of the hysterical demands of partisan political hacks, this would mean that President Biden would have to declare the State of Texas to be in rebellion against the United States – something that has only happened once in United States history – in order to force the Texas National Guard to disregard the orders of its state Commander in Chief in the face of an active invasion of their state.
Stop, and consider that implication.
If President Biden were to take such an ill-advised action, that would place the Texas National Guard in the position of obeying either the Federal Government – and allowing a massive invasion of their home state by massive numbers of “military-age males” who certainly did not walk north from homes in Mexico, or Central or South America, because “economic asylum seekers” do not buy airplane tickets from Africa to Mexico, in order to walk north…
…Conversely, the Texas National Guard could refuse orders to federalize. This would constitute “Mutiny”, under Article 94 of the Uniform Code of Military Justice (UCMJ, the legal code of the US armed forces), at the very least. This would place the Federal government in the position of having to arrest up to 19,000 peopleen masse.
In like manner, there would then be the question of the reactions of the various states and governors who have expressed their solidarity with Governor Abbott’s actions…
This perilous situation is the ultimate outcome of decades of neglect, political pandering and the abject failure of successive Federal governments to execute the most basic of their duties, duties that the Several States voluntarily allowed the Federal Government to maintain authority for, as a condition of their joining the Federal Union in 1789. Leaving aside the obtuse legalities of this situation, the reality is that the American Left – led primarily by the Democrat Party – has driven the nation to a potential breakpoint, where the States may well declare the sitting Federal Government to no longer be a legitimate body. Such an action could go in several directions, none of them good, and all of them highly dangerous.
And while pundits and armchair-warrior-gamers may believe the nearly incoherent ramblings of President Biden, the reality is that the United States military and law enforcement establishments are not able to enforce any nationwide martial law order; in fact, it is questionable if they could enforce such an order over any large metropolitan area, given what happened the last time Federal troops were deployed under “Operation Garden Plot” was engaged.
…In the end, this writer has no solution to this problem, other than telling the Federal government to do its job in securing the borders of the United States, which it has consistently failed to do for over forty years.
The alternatives are not desired by any sane person.
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