RealClearWire.com

The green energy subsidies in the Inflation Reduction Act (IRA) have been justified by the Biden Administration as a booster of U.S. economic growth and jobs.  But when the subsidies are tallied and the overall impacts evaluated, the IRA is a job and economic growth killer. 

Under the IRA, the lion’s share of subsidies will be paid to wind and solar developers.  The subsidies will not expire until electric industry carbon emissions fall by at least 75% below 2005 levels, after which they will gradually decrease.  Even the most optimistic forecasts prepared by the U.S. Energy Information Administration (EIA) show that this will not occur until at least 2046.  Thus, the subsidies for wind and solar will continue unabated for decades.  In total, the subsidies will far exceed what the U.S. government spent in today’s dollars to combat the Great Depression.

The single largest subsidy is the federal investment tax credit (ITC).  Most wind and solar projects will be able to claim a minimum 30% ITC, plus be eligible for an additional 10% credit if the projects rely on domestic manufacturing for components.  

: 10 minutes or less.  : 11- 36 minutes.   : Over 36 min. Fun:

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•   WAS IT AN “ACCIDENT?
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•   Governor Kristi Noem With a Dire Warning About China Buying American Farmland
  Governor Kristi Noem discusses the serious threat China poses because it is being allowed to buy up a large portion of the resources America needs to feed itself.  If China controls our food, they control us.
• You Will Own Nothing And Then You Will Die!
  Private Home Ownership, the Heart of the American Dream Is in cardiac arrest. New data reveals that economists have been sugar coating the rate at which financial Goliaths have been swallowing up America’s single family homes.
• Biggest Lie in World History: There Never Was A Pandemic
  This video is from the very beginning of the fake pandemic back in 2020. The diabolical agenda behind it has undermined the sovereignty of nation states. It has contributed to a wave of bankruptcies. It has impoverished people Worldwide. It has led to a spiraling dollar denominated global debt. The powerful structures of global capitalism, Big Money coupled with its intelligence and military apparatus were the driving force. Using advanced digital and communications technologies, the lockdown and “closure” of the global economy is unprecedented in World history.
•   THE GREAT TAKING
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• TPP: The Dirtiest Trade Deal You've Never Heard Of
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• Paradise Stolen - The Myth of Efficiency
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• Moyers and Company - The Face of America's Hungry
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• International Bankers Collapse Argentina's Economy in 2001
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• Walmart - The High Cost of Low Prices
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• The Age of Walmart
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• Confessions of an Economic Hit Man
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• War By Other Means
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By Steve Cannon

The Nord Stream pipelines, located in the Baltic Sea, were sabotaged Tuesday. Several explosions pretty much destroyed the natural gas pipelines connecting Russia and Europe.

Just prior to the start of the Russia-Ukraine war, which started February 24, 2022, Illegitimate President Biden essentially threatened Russia, saying, “If Russia invades…then there will be no longer a Nord Stream 2. We will bring an end to it.”

Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says the central bankers want nothing short of “a complete digital control system.”  CAF explains, “We have what we have been building for the last 20 or 30 years, and it’s getting much more obvious, but it’s been covert most of the time.  They basically want digital control systems through the financial system, through the health system and government systems to implement control.  That control is delivered one person at a time.  You have extraordinary surveillance systems that have been built steadily for decades that are basically tracking everyone. . . . That’s why the ‘vaccine passports’ and ‘central bank digital currencies’ (CBDC) are so dangerous.  It’s important to understand what they are trying to do.  They are trying to create complete transaction control.  If they don’t want you going five miles from your home, your electric car will not work more than five miles from your home. . . . If they don’t want you to buy pizza, your credit card will not allow you to buy pizza.  They are talking about putting in extraordinary digital control systems and literally turning your car and your home into a digital concentration camp.”

by Aaron Warner
GraniteGrok.com

 

By Victoria Taft
PJMedia.com

COVID shutdowns championed by U.S. governors and D.C. bureaucrats are responsible for destroying nearly 40% of small businesses since the virus was unleashed on the world—and we know now that it was for little to no damned good reason. A study by the Proceedings of the National Academies of Sciences revealed recently that shutdown orders made little to no difference in COVID’s impact. From the abstract of the study:

“Previous studies have claimed that shelter-in-place orders saved thousands of lives, but we reassess these analyses and show that they are not reliable. We find that shelter-in-place orders had no detectable health benefits, only modest effects on behavior, and small but adverse effects on the economy. To be clear, our study should not be interpreted as evidence that social distancing behaviors are not effective. Many people had already changed their behaviors before the introduction of shelter-in-place orders, and shelter-in-place orders appear to have been ineffective precisely because they did not meaningfully alter social distancing behavior.” [Emphasis added]

And it should have been evident for those caring to look.

While bureaucrats gave Walmart, Costco, Lowe’s, and other big-box stores “essential” status, allowing them to stay open during the COVID pandemic, 38.9% of America’s small businesses, the providers of most of the country’s jobs, were forced to close based on fear, hackneyed social-distancing rules, early ignorance about transmission, and an insatiable desire by governors to micromanage the affairs of men.

ZeroHedge.com

With the Federal government supercharging the US consumer with now periodic massive stimulus payments - $900 billion here and $1.9 trillion there - and universal basic income handouts, it's hardly a surprise that the US economy, where the government is now responsible for a staggering 27% of all personal income...

...  is redlining to the point of overheating as Goldman found recently when its latest Goldman Sachs Analyst Index (GSAI) which provides a snapshot perspective on the US economy, hit an all time high.

None of this is a surprise: when money literally drops from the sky, it would be a miracle if the economy wasn't overheating. The question is what happens when the party stops. Unfortunately for some 11 million people, the hangover will be a disaster.

IssuesInsights.com

In the flurry of President Joe Biden’s executive orders was one that was almost entirely overlooked but could easily end up having the biggest impact.

The order also seems harmless enough, going by the seemingly innocent title “Modernizing Regulatory Review.” Except this order isn’t about modernizing regulations. It’s about unleashing the regulatory state with a ferocity never before seen in this country.

Biden’s order – which didn’t get released to the press until late in the evening of his first day – aims to effectively toss the cost-benefit analysis that for many decades has served as at least a modest brake on the ambitions of regulators. In the past, regulations where the cost of compliance far exceeded the benefits could be stymied by the White House Office of Information and Regulatory Affairs.

Biden wants the review process instead to be “a tool to affirmatively promote regulations” and “to ensure swift and effective federal action” on everything from the pandemic, to the economy, to racial inequality, to the “undeniable reality and accelerating threat of climate change.” In other words … everything.

Clyde Wayne Crews, a regulation expert at the Competitive Enterprise Institute, said that Biden’s order is “likely to do away with cost-benefit analysis by elevating unquantifiable aims as benefits and deny costs of regulation altogether.” In doing so, it will “put weight on the scales of whether or not to regulate such that the answer will always be in the affirmative.”

The leftist Huffington Post cheered the news, calling Biden’s order “game changing” and saying “the memo could unleash a wave of stronger regulations to reduce income inequality, fight climate change and protect public health. Among left-leaning experts on regulation, it’s a signal that Biden could break with 40 years of conservative policy.”

The site quoted James Goodwin, a senior policy analyst at the Center for Progressive Reform, who said “I realize what I’m about to say to you sounds absurd. It has the potential to be the most significant action Biden took on day one.” 

Paul Joseph Watson
Infowars.com

The impact of the global coronavirus lockdown is set to plunge 100 million people into extreme poverty, warns a new report by the Pulitzer Center on Crisis Reporting.

The report appears to pin the blame on COVID-19 itself for the economic impact, yet the actual culprit is discovered to be the “restrictions” put in place by governments in response to the pandemic.

From the report;

“With the virus and its restrictions, up to 100 million more people globally could fall into the bitter existence of living on just $1.90 a day, according to the World Bank. That’s “well below any reasonable conception of a life with dignity,” the United Nations special rapporteur on extreme poverty wrote this year. And it comes on top of the 736 million people already there, half of them in just five countries: Ethiopia, India, Nigeria, Congo and Bangladesh.”

The report notes that the impact of the lockdown on the poor in countries like India was “so abrupt and punishing” that their Prime Minister, Narendra Modi, begged for forgiveness.

The report will stir up further debate as to whether the global lockdown will prove more deadly than COVID-19 itself, with extreme poverty being directly linked to death and shortened life spans. According to research published by Imperial College London and Johns Hopkins University, around 1.4 million people are expected to die from untreated TB infections due to the coronavirus lockdown.

Experts have also warned that hundreds of thousands or even millions of people could die in the longer term as a result of the lockdown preventing them from receiving treatment for cancer and other serious illnesses.

Given that many of those sunk into extreme poverty as a result of the lockdown live in sub-Saharan Africa, this could also exacerbate mass immigration from that region into Europe.

“It’s a timely reminder that the the main cost of the lockdowns favoured by liberal policy-makers across the world will not be people in the West, but those hovering just above the poverty line in the developing world,” writes Toby Young.

“Thanks to the misguided enthusiasm of Western governments for imprisoning entire populations in their homes, thereby triggering a global recession, tens of millions of people will die of starvation in low-income countries.”